Podvalye () is a rural locality (a village) in Verkhneshardengskoye Rural Settlement, Velikoustyugsky District, Vologda Oblast, Russia. The population was 4 as of 2002.
Podvalye is located 53 km south of Veliky Ustyug (the district's administrative centre) by road. Verkhnyaya Shardenga is the nearest rural locality.