Cowwarr is a town in Victoria, Australia, located 27 kilometres north-east of Traralgon, 174 kilometres east of Melbourne, in the Wellington Shire. The town has an approximate population of 200. Its postcode is 3857.
Established in the 1860s, the town serviced the area around Walhalla during the Victorian Gold Rush. Historic buildings remain in the town today. A butter factory built around the close of the nineteenth century has been converted into a gallery for contemporary art. The town is supported by district farming, including dairy farming, irrigated from the Rainbow Creek, which runs past Cowwarr, and the Thomson River.