Saxelbye (or Saxelby) is a small village and former civil parish, now in the parish of Grimston, in the district of Melton in Leicestershire, England.

The village lies about three miles to the north-west of Melton Mowbray and is situated on the southern slope of the ridge that makes up the southern boundary of the Vale of Belvoir.

[1] On 1 April 1936 the parish of Saxelby was abolished and merged with Grimston.

[2] The very fine Grade II* church with its crocketed spire is dedicated to St Peter.

The Old Dalby Test Track passes close to the village.