Degraves Street is a pedestrian precinct and thoroughfare in the Melbourne central business district in Victoria, Australia.

Degraves Street is often confused and therefore synonymous with Centre Place, a similar walkway situated diagonally on the other side of Flinders Lane.

Degraves Street also offshoots to the east into a dead end (sharing the same name) about halfway down its length.

The art deco architecture, dining umbrellas and café canopies mean the street is often described as having a Parisian or European flavour.

Street art and graffiti are commonplace, whilst buskers/street performers also frequent the laneway, adding to its atmosphere.