[1] The lake is situated in Hyalite Canyon at an elevation of 6,699 ft (2,042 m), about 12 miles (19 km) south of Bozeman, Montana and 25 miles (40 km) north of Yellowstone National Park.

At normal full pool, the lake has a volume of 4.43614×10+8 cubic feet (1.25617×107 m3) and an area of 206 acres (83 ha), which experiences high seasonal variation.

Hyalite Reservoir and the surrounding area offer many recreational activities including camping, fishing, boating, and hiking.

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