Paąžuolė is a village in Kaniava eldership [lt], Varėna district municipality, Alytus County, southeastern Lithuania. According to the 2001 census, the village had a population of 25 people.^[2] At the 2011 census, the population was 13.^[1]

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Paąžuolė
Village
Paąžuolė Location in Varėna district municipality Location of Varėna district in Lithuania
Coordinates: 54°04′01″N 24°45′40″E
Country	Lithuania
County	Alytus
Municipality	Varėna
Eldership	Kaniavos [lt] (Kaniava)
Population  (2011 Census)[1]
• Total	13
Time zone	UTC+2 (EET)
• Summer (DST)	UTC+3 (EEST)

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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 Lithuanian: ąžuolas ('oak tree') and means 'a place under/by oaks'. The village is mentioned as Polish: Poddębie, Poddębe, Russian: Поддембе in the earlier sources (with the same meaning, i. e. Polish: dęby, dębno 'oaks, oak grove'), so it isn't clear Lithuanian or Slavic name is earlier.^[3]