Elkwater is an unincorporated community at the western edge of the Cypress Hills in southeastern Alberta, Canada, 65 kilometres (40 mi) southeast of Medicine Hat. The main access route is via Alberta Highway 41 (Buffalo Trail), which leads south from the Trans Canada Highway.
The former hamlet is located within Cypress Hills Interprovincial Park on the south edge of Elkwater Lake, and consists mostly of a collection of cabins. The name "Elkwater" is translated from Blackfoot.[2]