Velda Otsus (August 24, 1913 Tartu – August 16, 2006 Tallinn) was an Estonian ballet dancer and stage actress.

In 1932 she graduated from Tartu Girls' Gymnasium (Estonian: Tartu tütarlastegümnaasium). During the studies she studied dancing in Tiina Kapper's private studio. From 1932 until 1950, she was the principal ballerina at the Vanemuine, and from 1950 until 1961, an actress at the Vanemuine. From 1961 until 1982, she was an actress at the Estonian Drama Theatre.