Margit Rüütel (born 4 September 1983) is a former tennis player from Estonia.

In her career, she won six singles titles and seven doubles titles on the ITF Circuit.

On 12 January 2009, she reached her best singles ranking of world No.

Rüütel made 42 appearances for the Estonia Fed Cup team between 1999 and 2012.

Playing in Fed Cup competition, Rüütel has a win–loss record of 20–22.