Little Millstream Falls is a waterfall on the Millstream in Far North Queensland, located within Millstream Falls National Park approximately 15 kilometres southwest of Ravenshoe on the Atherton Tableland. Standing around 15.

45 metres high, it sits roughly 500 metres from its more famous neighbour, Big Millstream Falls, on the same watercourse. Less visited than other waterfalls in the Cairns region, Little Millstream Falls offers a quieter, more secluded experience.

Visitors can view the falls from near the car park or take a steep, narrow track down to their base.

The surrounding vegetation reflects the area's position in the rain shadow of the Great Dividing Range, with dry open woodland rather than the dense rainforest found closer to the coast.