Lasiopetalum venustum is a species of flowering plant in the family Malvaceae and is endemic to a restricted area in the south-west of Western Australia.

Lasiopetalum venustum is an erect shrub typically 0.8–1.5 m (3–5 ft) high and wide, its stems covered with rust-coloured and white, star-shaped hairs, at least when young.

The sepals are bright pink with a dark red base, the lobes egg-shaped, 4–8.5 mm (0.16–0.33 in) long, and hairy on the back.

[2][3] Lasiopetalum venustum was first formally described in 2015 by Kelly Anne Shepherd and Carolyn F. Wilkins in the journal Nuytsia from specimens collected in Boonanarring Nature Reserve in 2002.

[2][3] Lasiopetalum venustum is listed as "Priority Three" by the Government of Western Australia Department of Biodiversity, Conservation and Attractions,[2] meaning that it is poorly known and known from only a few locations but is not under imminent threat.