A torque wrench with elastic member includes a tubular body in which an elastic member is disposed for adjusting the torque value of the torque wrench. The elastic member is in the form of a plate body having a front connection section, a rear connection section and at least one bent section positioned between the front and rear connection sections. The front and rear connection sections of the elastic member respectively abut against a click mechanism disposed in front of the elastic member and an adjustment mechanism disposed behind the elastic member, whereby the elastic member can be compressed or released to adjust the torque value of the torque wrench. The elastic member has a novel structure and can ensure the stability of the torque wrench in use and enhance the utility of the torque wrench.