The Sheep River is located in southwestern Alberta, Canada, and is part of the Bow River watershed. The river begins in the mountain valleys of Elbow-Sheep Wildland Provincial Park, passes through Sheep River Provincial Park, and joins the Highwood River about 8 km east of Okotoks. The Sheep River provides drinking water for the towns of Diamond Valley, and Okotoks.

From origin to mouth, the Sheep River receives water from the following tributaries:

• Rae Creek (from Mount Rae)
• Burns Creek
• Cliff Creek
• Junction Creek
• Bluerock Creek
• Gorge Creek
• Dyson Creek
• March Creek
• Coal Creek
• Wolf Creek
• Long Prairie Creek
• Macabee Creek
• Waite Valley Creek
• Lineham Creek
• Turner Valley
• Threepoint Creek
• Spring Creek
• Wilson Coulee

• List of rivers of Alberta

• Sheep River Wildlife Sanctuary