15 Cheap Water Villas in the Maldives

Live your overwater bungalow dreams without breaking the bank by staying at one of these 15 cheap water villas in the Maldives!

Cheap water villa in Maldives

Have you ever dreamed of staying in a water villa in the Maldives, but assumed it was completely out of your budget? Well, I have great news for you!

There are actually some affordable options for overwater bungalows in this tropical paradise that do not compromise quality or comfort. Whether you are looking for a romantic getaway, a family-friendly resort, or an eco-friendly retreat, there is something for everyone on this list.

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Let’s dive in and discover the top 15 cheap water villas in the Maldives from least to most expensive!

1.Villa Park Sun Island Resort

Cheap water villa in Maldives Sun Island Resort
Image Source: Sun Island Resort

LOCATION: South Ari Atoll

For the cheapest water villa in the Maldives, you need to stay at Villa Park Sun Island Resort. The water villas are a little on the basic side, but are still spacious and feature private terraces with those dreamy Maldives ocean views. If you want your own private pool, you can opt to stay at a beach pool villa.

Resort Features:

  • Beach pool villa with private pool + water villa with private terrace
  • Spa, golf course, tennis court, gym, and bicycle rental
  • Five restaurants and six bars with various cuisines, option for all-inclusive

Cost of Stay:

  • Water Villa: Starting at $253 per night (including breakfast)
  • Internal transfer: $200 each way (20 min domestic flight + 10 min speed boat)

2. Reethi Beach Resort 

Cheap water villa in Maldives Reethi Beach Resort 
Image Source: Reethi Beach Resort

LOCATION: Baa Atoll

If you are seeking a smaller, more tranquil island to escape to in the Maldives, consider Reethi Beach Resort. This eco-friendly resort offers spacious reef villas which are built on stilts over the turquoise lagoon. Keep in mind that although room rates for water villas are very affordable, transfers are pricy.

Resort Features:

  • Water villas with lagoon access and private balconies
  • In-house reef for snorkelling and diving, spa, watersports
  • Five restaurants and five bars to choose from, option for all-inclusive

Cost of Stay:

  • Reef Villa: Starting from $256 per night (including breakfast)
  • Internal transfer: $335 (20 min domestic flight + 15-minute speed boat)

3. Cinnamon Hakuraa Huraa Maldives

Cheap water villa in Maldives Cinnamon Hakuraa Huraa
Image Source: Cinnamon Hakuraa Huraa Maldives

LOCATION: Meemu Atoll

Cinnamon Hakuraa Huraa Maldives is a great budget-friendly option if you are looking for an all-inclusive water bungalow in the Maldives. The water bungalows are spacious and comfortable, featuring glass bottom floor panels and a private terrace with an overwater hammock to relax on.

Resort Features:

  • Water bungalows with private terraces and overwater hammocks
  • Diving center, water sports facilities, spa, pool, gym, and entertainment center
  • All-inclusive plan that covers all meals and non-premium alcohol

Cost of Stay:

  • Water Bungalow: Starting from $277 per night (all-inclusive)
  • Internal transfer: $485 return (45 min seaplane)

4. Sun Siyam Olhuveli

Cheap water villa in Maldives Sun Siyam Olhuveli
Image Source: Sun Siyam Olhuveli

LOCATION: South Male Atoll

Sun Siyam is a 4-star resort that offers cheap water villas in Maldives that don’t comprise on comfort. Each water villa is luxurious and spacious, featuring deep bathubs with dreamy ocean views and large balconies with oversized daybeds.

Resort Features:

  • Water villas with private balconies and jacuzzi tubs or plunge pools
  • Spa, fitness center, water sports center, and dive center
  • Eight restaurants and four bars with various cuisines

Cost of Stay:

  • Deluxe Water Villa: Starting at $279 per night (including breakfast)
  • Internal transfer: $240 return (45 min speed boat)

5. Embudu Village Resort

Cheap water villa in Maldives Embudu Village Resort
Image Source: Embudu Village Resort

LOCATION: South Male Atoll

Another very affordable option for staying in a water villa in the Maldives is the Embudu Village Resort. Each overwater bungalow is simple and comfortable, featuring wooden furnishings, rain showers and picture-perfect lagoon views.

Resort Features:

  • Beach and water bungalows with private terraces
  • Spa, water sports center, and dive center
  • One restaurant and one bar with buffet-style meals, option for all-inclusive

Cost of Stay:

  • Overwater Bungalow: Starting at $290 per night (half-board)
  • Internal transfer: $80 round-trip (40 min speed boat)

6. Bandos Maldives

Cheap water villa in Maldives Bandos Maldives
Image Source: Bandos Maldives

LOCATION: North Male Atoll

If you’re looking for one of the most budget-friendly and family-friendly resorts in the Maldives, Bandos is the place to stay. The property is home to a range of spacious and stylish villas that feature private balconies with fabulous views over the ocean.

Resort Features:

  • Premium beach villas with ocean views + sunset water villas with private pools
  • Kids club, gym, games room, swimming pool, and spa
  • Five restaurants and three bars with various cuisine options

Cost of Stay:

  • Premium Beach Villa: Starting at $296 per night (includes breakfast)
  • Internal transfer: $93 round trip (15 min speed boat from Male International Airport)

7. Kandima Maldives

Cheap water villa in Maldives: Kandima Maldives
Image Source: Kandima Maldives

LOCATION: Dhaalu Atoll

Kandima Maldives is a lively and fun-filled resort that caters to couples, families, and solo travelers alike. The aqua villas are the most affordable option, offering a spacious and stylish space with lux bathtub, private deck and sunloungers. Or, splash out on an ocean pool villa which come with private pools overlooking the ocean!

Resort Features:

  • Aqua villas and ocean pool villas with hammocks and private pools
  • Spa, fitness center, kids club, art studio, and marine biology center
  • Ten restaurants and bars with diverse cuisines, option for all-inclusive

Cost of Stay:

  • Aqua Villa: Starting from $301 per night (including breakfast)
  • Internal transfer: $394 round-trip (25 min flight + 15 min boat)

8. Ellaidhoo Maldives by Cinnamon

Cheap water villa in Maldives Ellaidhoo Maldives by Cinnamon
Image Source: Ellaidhoo Maldives by Cinnamon

LOCATION: North Ari Atoll

Offering another great budget water villa option is Ellaidhoo Maldives by Cinnamon. The villas are elegant and airy, with open showers and spacious sun decks offering direct access to the turquoise water.

Resort Features:

  • Beach and water bungalows with private verandas and direct access to the lagoon
  • Spa, gym, water sports center, and dive center
  • Two restaurants and a bar with international and local cuisine, option for all-inclusive

Cost of Stay:

  • Water Bungalow: Starting from $330 per night (includes breakfast)
  • Internal transfer: $202 round trip (90 minute speedboat)

9. Sheraton Maldives Full Moon Resort and Spa

Cheap water villa in Maldives Sheraton Maldives Full Moon Resort and Spa
Image Source: Sheraton Maldives Full Moon Resort

LOCATION: North Male Atoll

If you are looking for a family-friendly resort in the Maldives featuring deluxe rooms and water villas, look no further. The Sheraton Maldives Full Moon Resort is home to a range of modern, stylish rooms, featuring luxuries like private balconies, outdoor bathtubs and infinity pools.

Resort Features:

  • Deluxe rooms and water villas with private balconies with lagoon views
  • Spa, fitness center, kids club, tennis court, and bicycle rental
  • Seven restaurants and four bars offering various cuisines

Cost of Stay:

  • Deluxe Room with Beach View: Starting at $358 per night (including breakfast)
  • Internal transfer: Complimentary (15 min speed boat)

10. Holiday Inn Resort Kandooma

Cheap water villa in Maldives Holiday Inn Resort Kandooma
Image source: Holiday Inn Resort Kandooma

LOCATION: South Male Atoll

The Holiday Inn Resort Kandooma is a fabulous kid-friendly and budget-friendly option for an overwater villa stay in the Maldives. The water villas are simply decorated with colorful accents, complete with outdoor showers, private sundecks and overwater hammocks to sunbathe on.

Resort Features:

  • Overwater villas with private decks, outdoor showers and overwater hammocks
  • Kids club, swimming pool, water sports center, and dive center
  • Three restaurants and two bars with Asian and international cuisine, option for all-inclusive

Cost of Stay:

  • Overwater Villa: Starting from $388 per night
  • Internal transfer: $130 round trip (45 min speed boat)

11. Gangehi Island Resort and Spa

Cheap water villa in Maldives Gangehi Island Resort and Spa
Image Source: Gangehi Island Resort

LOCATION: North Ari Atoll

If you want the full Maldivian experience, Gangehi Island Resort and Spa is the place to stay. The resort offers overwater villas with beautiful traditional wooden furnishings and thatched roofs. Each villa comes with a private veranda with panoramic views plus a spacious bathroom with a luxe bathtub.

Resort Features:

  • Overwater villas with private verandas and direct access to the lagoon
  • Spa, yoga center, gym, snorkelling, and library
  • Two restaurants and a bar with Italian and international cuisine, option for all-inclusive

Cost of Stay:

  • Overwater Villa: Starting from $402 per night (half board)
  • Internal transfer: $83 one-way (1 hour 20-minute ferry)

12. Fihalhohi Island Resort

Cheap water villa in Maldives Fihalhohi Island Resort
Image Source: Fihalhohi Island Resort

LOCATION: South Male Atoll

If you are looking for a cheap water villa in the Maldives exuding true island vibes, Fihalhohi Island Resort seriously delivers. Each cozy wooden water villa features a private terrace with breathtaking views over the turquoise water with direct access to the lagoon. Transfers here are also fairly affordable.

Resort Features:

  • Water villas with private balconies, lagoon access and deep bathtubs
  • Spa, dive centre, water sports centre, gym and library
  • Three restaurants and two bars with live entertainment

Cost of Stay:

  • Water Villa: Starting at $430 per night (half-board)
  • Internal transfer: $160 roundtrip (45 min speed boat)

13. The Standard Huruvalhi Maldives

Cheap water villa in Maldives: The Standard Huruvalhi Maldives
Image Source: The Standard Huruvalhi Maldives

LOCATION: Raa Atoll

Although The Standard Huruvalhi Maldives is one of the most expensive water villa options on the list, it is still very reasonably priced given the resort’s standard (excuse the pun). The lagoon and ocean villas are chic and vibrant, featuring glass-bottomed bathtubs, direct water access and a private pool!

Resort Features:

  • Lagoon villas and ocean villas with private pools and glass-bottomed bathtubs
  • Spa, fitness center, water sports center, and dive center
  • Four restaurants and three bars with Maldivian and international cuisine, option for all-inclusive

Cost of Stay:

  • Lagoon Overwater Pool Villa: Starting from $435 per night (half-board)
  • Internal transfer: $575 return (40 min seaplane)

14. Kuredu Island Resort

Cheap water villa in Maldives Kuredu Island Resort
Image Source: Kuredu Island Resort

LOCATION: Lhaviyani Atoll

Kuredu Island Resort offers the iconic Maldives water villas built on wooden stilts and connected by a walkway. Each Sangu water villa features cozy wooden furnishings and secluded verandas with jaw-dropping views over the ocean. The honeymoon suite is extra special, offering a private bathtub on the deck.

Resort Features:

  • Water villas with secluded verandas + honeymoon water villa with outdoor bathtub
  • Golf course, tennis court, fitness center, and spa
  • Seven restaurants and seven bars with different cuisines, option for all-inclusive

Cost of Stay:

  • Sangu Water Villa: $439 per night (all-inclusive)
  • Internal transfer: $380 return (45 min seaplane)

15. Adaaran Club Rannalhi

Cheap water villa in Maldives Adaaran Club Rannalhi
Image Source: Adaaran Club Rannalhi

LOCATION: South Male Atoll

This Adaaran Club Rannalhi resort is another spot in the Maldives offering spacious water bungalows at an affordable price-point. The tropical-themed rooms are equipped with modern amenities and a private terrace with direct access to the lagoon for swimming or snorkelling- what more could you ask for?

Resort Features:

  • Water bungalows with private terraces and direct access to the lagoon
  • Spa, water sports center, dive center, beach sports
  • One restaurant and two bars with buffet-style meals, option for all-inclusive

Cost of Stay:

  • Water Villa: Starting at $455 per night (all-inclusive)
  • Internal transfer: $165 round-trip (45 min speed boat)

These are some of the best cheap water villas in the Maldives that you can book for your next vacation. As you can see, staying in an overwater bungalow doesn’t have to cost a fortune!

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Cheap water villas Maldives
Nicola Easterby Bio Image

Hey, I'm Nicola!

I am a travel + food blogger on a mission to discover the best destinations & dishes in the world. Thanks for joining the adventure!

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