Cheap Overwater Bungalows is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission at no extra cost to you.
When you think of the Maldives, you probably picture ultra-luxury resorts with overwater bungalows that cost thousands per night. But what if I told you that experiencing this dream doesn’t have to break the bank? In this article, we reveal the cheapest overwater bungalows in the Maldives, proving that paradise can actually be affordable.
Whether you’re planning a honeymoon, anniversary trip, or just need a tropical escape, these budget-friendly villas will give you all the magic of the Maldives at a fraction of the price.
But before we go any further, let’s talk about why we are here. We started Cheap Overwater Bungalows to fill a need that we desperately wanted. And that need was a full list of every overwater bungalow in the world, sorted from cheapest to most expensive.
From there, we realized that we could apply our special algorithm to our list to find deals and anomaly pricing. And now we can pass those savings on to you via our weekly cheap overwater bungalow deals newsletter. So be sure to sign up for that before you go any farther.
Why Maldives is a Luxury Budget Paradise
The Maldives has long been known as a destination for the rich and famous, with private islands, personal butlers, and decadent all-inclusive packages. But beyond the ultra-exclusive properties, there are hidden gems offering overwater stays at surprisingly low rates.
Thanks to increased competition, more local guesthouse islands, and budget-friendly resorts, the cheapest overwater bungalows in the Maldives are now within reach for savvy travelers. Combine these deals with affordable flights and meal plans, and suddenly, this bucket-list destination transforms into a luxury budget paradise.
The Top 10 List
Here are the 10 cheapest overwater bungalows in the Maldives that deliver an unforgettable experience without draining your savings:
Medhufushi Island Resort – $227+ Per Night
Book here if you care about: One of the most basic overwater bungalow resorts in the Maldives with a fair price to match
Set in the stunning landscape of Meemu Atoll in the Maldives, Medhufushi Island Resort offers an exclusive escape from the ordinary. Large island resort with rustic overwater bungalows and slightly outdated but for a fair price. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Each visit offers a chance to experience new aspects of Meemu Atoll, making it ideal for repeat visits.
Centara Ras Fushi Resort – $250+ Per Night
Book here if you care about: Tiny island with many overwater villas to choose from close to the airport
Explore the natural beauty of North Male Atoll at Centara Ras Fushi Resort, located in the heart of the Maldives. 3 restaurants on a tiny island with plenty of overwater bungalows to choose from. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Explore the essence of the Maldives through its seasonal contrasts and superb hospitality at Centara Ras Fushi Resort.
Safari Island Maldives – $256+ Per Night
Book here if you care about: Impressive house reef with African safari style architecture
Safari Island Maldives in Ari Atoll in the Maldives, exemplifies unique accommodation with its own local flair. African safari style architecture on a gorgeous house reef with an overwater restaurant. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Each visit offers a chance to experience new aspects of Ari Atoll, making it ideal for repeat visits.
Ellaidhoo Maldives by Cinnamon – $264+ Per Night
Book here if you care about: Intimate private island setting with only 12 overwater bungalows available
Immerse yourself in the local culture of Ari Atoll in the Maldives, at Ellaidhoo Maldives by Cinnamon, a haven for travelers. Small private island with a focus on unique activities like dolphin cruises and sunset fishing. The best time to visit is during the high season, December – April, while the quieter low season is May – November. This destination is ideal for those who appreciate both vibrant and tranquil travel experiences.
Sun Siyam Olhuveli – $270+ Per Night
Book here if you care about: Massive multi island resort with countless overwater bungalows and restaurants
Immerse yourself in the local culture of South Male Atoll in the Maldives, at Sun Siyam Olhuveli, a haven for travelers. One of the largest resorts in the Maldives, there is a ton of room for exploration and activities. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Explore the essence of the Maldives through its seasonal contrasts and superb hospitality at Sun Siyam Olhuveli.
Sun Siyam Iru Fushi – $282+ Per Night
Book here if you care about: Stunning private island resort with 15 restaurants to choose from
Sun Siyam Iru Fushi in Noonu Atoll in the Maldives, is a perfect blend of comfort and authentic local experiences. 5 star island resort with scuba diving and 15 restaurants. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Dreamland Maldives Resort – $307+ Per Night
Book here if you care about: Intimately small private island with multiple restaurants and a dive center
Embrace the serene environment of Baa Atoll in the Maldives, by staying at Dreamland Maldives Resort, where comfort meets culture. 5 star resort with a focus on intimacy and water sports like scuba diving. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Each visit offers a chance to experience new aspects of Baa Atoll, making it ideal for repeat visits.
Reethi Beach Resort – $310+ Per Night
Book here if you care about: Luxury private island with a sports club and multiple restaurants
Set in the stunning landscape of Baa Atoll in the Maldives, Reethi Beach Resort offers an exclusive escape from the ordinary. Luxury private island with an overwater bar and scuba facilities. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Each visit offers a chance to experience new aspects of Baa Atoll, making it ideal for repeat visits.
Filitheyo Island Resort – $317+ Per Night
Book here if you care about: Lush private island with sunset facing overwater bungalows and a shark feeding area
Embrace the serene environment of Faafu Atoll in the Maldives, by staying at Filitheyo Island Resort, where comfort meets culture. Lush island resort with a pool, shark feeding station, and multiple restaurants. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Explore the essence of the Maldives through its seasonal contrasts and superb hospitality at Filitheyo Island Resort.
Brennia Kottefaru Maldives – $330+ Per Night
Book here if you care about: A small private island with a more intimate setting than the larger resorts
Set in the stunning landscape of Raa Atoll in the Maldives, Brennia Kottefaru Maldives offers an exclusive escape from the ordinary. Small 5 star private island with beach bungalows and overwater bungalows. The best time to visit is during the high season, December – April, while the quieter low season is May – November. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Holiday Inn Resort Kandooma – $353+ Per Night
Book here if you care about: A Holiday in private island resort that happens to have overwater bungalows
Holiday Inn Resort Kandooma in South Male Atoll in the Maldives, is a perfect blend of comfort and authentic local experiences. Possibly one of the most luxurious Holidays Inns in existence with a dive center and activities. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Visitors can enjoy distinct seasonal activities, making any visit a rich experience.
These options prove that the cheapest overwater bungalows in the Maldives can still deliver the iconic experience — turquoise waters, endless skies, and thatched-roof villas — without the luxury price tag.
Cheapest Overwater Bungalows in the Maldives: Conclusion
If you’ve been dreaming of waking up in an overwater bungalow, the Maldives no longer has to be out of reach.
With smart planning, off-season travel, and flexibility, you can enjoy one of these cheapest overwater bungalows in the Maldives for a fraction of what you might expect. So pack your bags — paradise is calling, and it’s more affordable than ever!
Be sure to stay tuned to Cheap Overwater Bungalows to keep in the loop.
