Rita Rätsepp (born July 17, 1962) is an Estonian actress and psychologist whose career began in the mid-1980s. She has performed on onstage, in television and in motion pictures.

Rita Rätsepp was born in rural Lääne-Viru County to Richard Rätsepp, a forester, and Aino Amanda Rätsepp (née Kull) and spent most of her childhood in the small village of Tammiku. She attended secondary schools in Rakke and Võhma. Afterward, she studied at the Tallinn State Conservatory (now, the Estonian Academy of Music and Theatre) under the instruction of Mikk Mikiver, graduating in 1984. Among her graduating classmates were Terje Pennie, Margus Tabor, Kiiri Tamm, Gita Ränk, Toomas Urb, and Peeter Sauter. In 2008, she received her master's degree in social sciences in the field of psychology from University Nord in Tallinn.