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Parliamentary elections were held in Estonia between 5 and 7 May 1923. There were some controversies - some lists, most remarkably Communist, were declared void before the elections because of electoral law violations, and the results gave Estonia its most fragmented parliament ever.
| Party | Votes | % | Seats | +/– | |
|---|---|---|---|---|---|
| Farmers' Assemblies | 99,226 | 21.57 | 23 | +2 | |
| Estonian Social Democratic Workers' Party | 64,297 | 13.98 | 15 | –3 | |
| Estonian Labour Party | 51,674 | 11.23 | 12 | –10 | |
| Workers' United Front | 43,711 | 9.50 | 10 | +5 | |
| Estonian People's Party | 34,646 | 7.53 | 8 | –2 | |
| Christian Democratic Party | 33,700 | 7.32 | 8 | +1 | |
| Independent Socialist Workers' Party | 21,704 | 4.72 | 5 | –6 | |
| National Liberal Party | 20,670 | 4.49 | 4 | New | |
| Russian parties | 18,829 | 4.09 | 4 | +3 | |
| Settlers' Party | 17,266 | 3.75 | 4 | New | |
| German-Baltic Party | 15,950 | 3.47 | 3 | –1 | |
| Landlords' Party | 9,967 | 2.17 | 2 | New | |
| Tenants' Union | 6,130 | 1.33 | 1 | New | |
| Demobilised Soldiers' Union | 5,670 | 1.23 | 1 | New | |
| Working People's Union | 3,996 | 0.87 | 0 | New | |
| Swedish People's League | 3,600 | 0.78 | 0 | New | |
| Smallholders of Saaremaa | 2,496 | 0.54 | 0 | New | |
| Economic Group | 2,214 | 0.48 | 0 | –1 | |
| Seto-Ingrian Group | 1,514 | 0.33 | 0 | New | |
| Smallholders, Settlers, Rural and Urban Workers | 832 | 0.18 | 0 | New | |
| Seto Smallholders | 639 | 0.14 | 0 | New | |
| Country People's Party (Võru, Valga and Petseri) | 481 | 0.10 | 0 | New | |
| Settlers and State Leaseholders | 475 | 0.10 | 0 | New | |
| Country People's Party | 175 | 0.04 | 0 | New | |
| Party of Nationalists | 175 | 0.04 | 0 | New | |
| Country People's Party (Tallinn) | 48 | 0.01 | 0 | New | |
| Total | 460,085 | 100.00 | 100 | 0 | |
| Valid votes | 460,085 | 96.40 | |||
| Invalid/blank votes | 17,199 | 3.60 | |||
| Total votes | 477,284 | 100.00 | |||
| Registered voters/turnout | 702,542 | 67.94 | |||
| Source: Nohlen & Stöver [1] | |||||
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