Alajõe (Russian: Олешница, Oleshnitsa) is a village in Ida-Viru County, in northeastern Estonia.

[1] It is located on the northern shore of Lake Peipus.

Alajõe is the administrative centre of Alutaguse Parish.

In 2000 the village had a population of 147.

This Ida-Viru County location article is a stub.