Krasny Yar (Russian: Красный Яр) is a rural locality (a selo) and the administrative center of Chapayevsky Selsoviet of Aleysky District, Altai Krai, Russia.

Krasny Yar is located on the left bank of the Aley River, 22 km southeast of Aleysk (the district's administrative centre) by road.

Kashino is the nearest rural locality.

[3] The village is inhabited by Russians and others.

This Aleysky District location article is a stub.