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Elizabeth is a statutory town which is the most populous municipality in Elbert County, Colorado, United States. The population was 1,358 at the 2010 census.

According to records of the area, the first settler was a man named Peter I. Van Wormer in 1859 on Running Creek, which today runs through Elizabeth. Following him on his journey was pioneer and trapper Justin Marlow. The Elbert County History is not clear on when exactly the mill that eventually caused the formation of the town of Elizabeth was set up. It was apparently on the far north end of the land belonging to Thomas Phillips (who settled in the area in 1865) and to the east of the creek to provide water to the steam engine. This first mill was wiped out in a flood and thereafter was reestablished by Alden Bassatt on the west side of the creek near what is today Main Street in Elizabeth.The town revived due to the usual Colorado pattern of artists and freethinkers moving to small towns in the late 1960s and the 1970s. By the 1980s many new residents were arriving as the town became a bedroom community for the Denver metro area with the area around Elizabeth becoming the most populous part of the county. Though few live in the town itself more than half of county residents use an Elizabeth address.Elizabeth is home to the weekly newspaper, the Meadowlark Herald, which is also the only newspaper wholly owned and published in Elbert County. 

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