Martin Kaalma (born 14 April 1977 in Tallinn) is an Estonian professional footballer, who plays in Estonian Meistriliiga, for Paide Linnameeskond. He plays the position of goalkeeper and has been capped in the Estonia national football team 35 times. He played in FC Flora Tallinn for years, before falling out of the club and national team and joining Narva Trans for a 1-year spell in 2006. He then moved to Levadia Tallinn.
- FC Flora Tallinn
- Estonian Top Division: 1998, 2001, 2002, 2003
- Estonian Cup: 1998
- FC Levadia Tallinn
- Estonian Top Division: 2007, 2008, 2009
- Estonian Cup: 2007