The observation of gravitational waves from a binary neutron star merger by LIGO/VIRGO and the associated electromagnetic counterpart provides a high precision test of orbital dynamics, and therefore a new and sensitive probe of extra forces and new radiative degrees of freedom. Axions are one particularly well-motivated class of extensions to the Standard Model leading to new forces and sources of radiation, which we focus on in this paper. Using an effective field theory (EFT) approach, we calculate the first post-Newtonian corrections to the orbital dynamics, radiated power, and gravitational waveform for binary neutron star mergers in the presence of an axion. This result is applicable to many theories which add an extra massive scalar degree of freedom to General Relativity. We then perform a detailed forecast of the potential for Advanced LIGO to constrain the free parameters of the EFT, and map these to the mass $m_a$ and decay constant $f_a$ of the axion. At design sensitivity, we find that Advanced LIGO can potentially exclude axions with $m_a lesssim 10^{-11} {rm eV}$ and $f_a sim (10^{14} - 10^{17}) {rm GeV}$. There are a variety of complementary observational probes over this region of parameter space, including the orbital decay of binary pulsars, black hole superradiance, and laboratory searches. We comment on the synergies between these various observables.
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