| Official Name: | Paąžuolė |
| Settlement Type: | Village |
| Pushpin Map: | Lithuania Varėna District Municipality |
| Pushpin Map Caption: | Location in Varėna district municipality |
| Coordinates: | 54.0669°N 24.7611°W |
| Subdivision Name: |  Lithuania |
| Subdivision Type1: | County |
| Subdivision Name1: | Alytus |
| Subdivision Type2: | Municipality |
| Subdivision Name2: | Varėna |
| Subdivision Type3: | Eldership |
| Subdivision Name3: | (Kaniava) |
| Population Total: | 13 |
| Population As Of: | 2011 Census |
| Timezone: | EET |
| Utc Offset: | +2 |
| Timezone Dst: | EEST |
| Utc Offset Dst: | +3 |
Paąžuolė is a village in, Varėna district municipality, Alytus County, southeastern Lithuania. According to the 2001 census, the village had a population of 25 people.[1] At the 2011 census, the population was 13.[2]
The village was likely established at the end of the 18th century after the massive forest cuts.
Between World War I and World War II, Rytas Elementary School was situated in the village.
The name Paąžuolė comes from the word lt|ąžuolas ('oak tree') and means 'a place under/by oaks'. The village is mentioned as pl|Poddębie, Poddębe, ru|Поддембе in the earlier sources (with the same meaning, i. e. pl|dęby, dębno 'oaks, oak grove'), so it isn't clear Lithuanian or Slavic name is earlier.[3]