Molly Ephraim (born May 22, 1986) is an American actress who has appeared in films, television, and Broadway, off-Broadway, and regional theatre productions. She is best known for playing the role of middle daughter and entrepreneur Mandy Baxter in the ABC sitcom Last Man Standing, which she did not return for after the series' revival on Fox.

Ephraim played Wendy Greenhut in the film College Road Trip (2008), as well as Ali in Paranormal Activity 2 (2010) and Paranormal Activity: The Marked Ones (2014).