Princess Elisabeth of Waldeck and Pyrmont (German: Prinzessin Luise Elisabeth Hermine Erica Pauline zu Waldeck und Pyrmont; 6 September 1873 – 23 November 1961) was the youngest daughter of George Victor, Prince of Waldeck and Pyrmont and wife of Alexander, 2nd Prince of Erbach-Schönberg.

Elisabeth was born at Arolsen, Waldeck and Pyrmont the seventh child and youngest daughter of George Victor, Prince of Waldeck and Pyrmont (1831–1893), and his wife, Princess Helena of Nassau (1831–1888), daughter of William, Duke of Nassau.

She was closely related to the Dutch royal family and distantly to the British Royal Family through both her parents, who are descendants of King George II of Great Britain.

They had four children: As grandaunt of the bride, she was a guest at the 1937 wedding of Juliana of the Netherlands with Prince Bernhard of Lippe-Biesterfeld.

At her death, she was the last surviving child of Prince George Victor and Princess Helena.