Lilla torg, Historic square in the Old Town, Malmö, Sweden.

Lilla torg is a cobbled square in Malmö's Old Town, next to Stortorget. Its surface of small rounded grey and brown stones is edged by a granite planter, dark green lampposts, round bollards and stone benches. Two half-timbered houses stand on the west side, and restaurants with outdoor seating line the square.

Lilla torg was created in the 1590s by filling in low-lying wasteland southwest of Stortorget, extending the main square. Burghers' wives and maids bought household goods there: meat counters on the west side, bakers on the south, fishmongers on the east and hawkers on the north. The stalls disappeared in the 18th century, replaced by permanent houses. A red-brick market hall by Salomon Sörensen covered the square from 1902–1903 until its demolition in 1968.

The square hosts a 1973 fountain by artist Thure Thörn that displays reliefs representing four old trader professions, serving as a reminder of the area's commercial heritage and connection to traditional Swedish marketplace culture.

Located in central Malmö within walking distance of Stortorget and Malmö Castle, the square is accessible by public transportation and offers numerous dining options with outdoor seating that is especially busy during summer months.

In 2021, an online contest organized by Arkitekturupproret voted this location as Sweden's most beautiful square, receiving over 1,600 votes and surpassing numerous other notable squares across the entire country.