Princes Street is a major street in Dunedin, the second largest city in the South Island of New Zealand. It runs south-southwest for two kilometres from The Octagon in the city centre to the Oval sports ground, close to the city's Southern Cemetery. North of The Octagon, George Street continues the line of Princes Street north-northeast for two and a half kilometres. Princes Street is straight but undulating, skirting the edge of the City Rise to its northwest. The part of the street immediately below The Octagon is the steepest section, as the road traverses an old cutting through Bell Hill.

Dunedin is the second-largest city in the South Island of New Zealand, and the principal city of the Otago region. Its name comes from Dùn Èideann, the Scottish Gaelic name for Edinburgh, the capital of Scotland. The city has a rich Māori, Scottish, and Chinese heritage.