Verkhovazhye (Russian: Верхова́жье) is a rural locality (a selo) and the administrative center of Verkhovazhsky District of Vologda Oblast, Russia, located on the right bank of the Vaga River.

[8] Due to its location on one of the main waterways connecting central Russia and the White Sea (it was controlled first by Novgorodians, and after the fall of Novgorod was transferred to the Grand Duchy of Moscow), and the later construction of the surface road connecting Moscow and Arkhangelsk, by the 17th century Verkhovazhye was a major trading settlement.

In the 18th century, Verkhovazhnsky Posad (currently Verkhovazhye) was one of the main trading towns in the Russian North, holding two annual fairs.

Since 1780, the upper Vaga lands were part of Velsky Uyezd with the administrative center in the town of Velsk.

One of the principal highways in Russia, M8, which connects Moscow and Arkhangelsk, runs along the left bank of the Vaga, bypassing Verkhovazhye.