Irene Bay is an Arctic waterway in the Qikiqtaaluk Region. Nunavut, Canada. It is located in Eureka Sound by western Ellesmere Island.
The Sverdrup Pass, a long travel route across the island, extends from Irene Bay to Flagler Bay.
In the late 1980s, several sites of fossilized tree stumps and branches were found on its northern shore, an area now characterized by Arctic willow shrubs.