The Town of Parachute is a home rule municipality in Garfield County, Colorado, United States.

The town's name comes from Parachute Creek which runs through the township, before it merges with the Colorado River.

The Ute people originally called the creek Pahchouc (meaning twins), with early settlers mispronouncing the word as parachute.

Parachute is bordered to the southeast across the Colorado River by the unincorporated community of Battlement Mesa.

The town is home to an elementary, middle, and high school: Parachute is part of Bustang's West Line that connects Grand Junction to Denver.