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Miss Nicaragua 2023 was the 42nd Miss Nicaragua pageant held at the Crowne Plaza Hotel and Convention Center Managua in Managua, Nicaragua on 5 August, 2023.

At the end of the event, Norma Huembes of Carazo crowned Sheynnis Palacios of Diriamba as her successor as Miss Nicaragua 2023. She represented Nicaragua at Miss Universe 2023 and she went on to win the title roughly three months later in San Salvador, El Salvador, on 18 November 2023. This marks the first time that a region other than Managua has won for two consecutive years, and it is the first back-to-back since Cristiana Frixione crowned Xiomara Blandino (both from Managua) on 2007.

The competition was hosted by Miss Nicaragua 2006 Cristiana Frixione and Valeria Sanchez, while Miss Nicaragua 2022 2nd Runner-up Diana Navarro served as a backstage correspondent.

Placements
Declared as Winner
 * Color key

Ended as 1st Runner-up

Ended as 2nd Runner-up

Ended as 3rd Runner-up

Ended as 4th Runner-up

Unplaced in Finals

Top 5

 * 1) Bandera de Chinandega.png Chinandega – Isabella Salgado
 * 2) Flag of Granada, Nicaragua.svg Granada – Chantal Urbina
 * 3) Bandera Atlàntic Sur.png Puerto Cabezas – Waymara Antonio
 * 4) Flag of Boaco.svg Santa Lucia – Daysi Velazquez
 * 5) Flag of Jinotepe.svg Diriamba – Sheynnis Palacios

Format
Similarly to the 2022 edition, 5 finalists were chosen based on scores from the closed-door interviews and the finals night swimsuit and evening gown competitions. The top 5 then competed in the question and answer round, and then would be called up from the 4th Runner-up to the 2nd Runner-up. With two delegates remaining, the winner would be announced, and the other delegate would therefore become the 1st Runner-up.

Selection committee
The judges for the final telecast include:
 * Lenka Nemer – Miss Bolivia 2020
 * Paola Brenes – Marketing & Sales director of Crowne Plaza Managua
 * Francella Muñoz – Women's Entrepreneurship Day Ambassador
 * Aída Gutierrez – TV Host for Vos TV
 * Ivette Bustos-Wither – Commerce Manager for Variedades Ivette