Zlatibor plateau leans towards the north and northwest that results all the waters to flow into the Black Sea through the Drina, the Djetina and the Moravica. The rivers and streams are rich in various kinds of fish. The powerful river Uvac with its deep river bed and very beautiful canyon runs through the southern part of Zlatibor.

Appropriate soil constitution, excellent  climate conditions and richness of plant cover enabled plenty of waters on Zlatibor. The rivers Uvac and Crni Rzav carry water from southern and central parts of the mountain, the northern and northwestern waters run from the Susica into the Djetinja, while the Veliki Rzav collects water streams from eastern parts and delivers them into the Moravica.

The river Uvac runs along southern border of the mountain and its magnificant canyons show the wild strength of this river.
The Crni Rzav has its headwaters at Carevo polje under the northwest slopes of Murtenica and runs through central parts of the plateau. It meets the Beli Rzav at Brdiste and they form the river Rzav, which runs into the Drina at Visegrad.
The Veliki Rzav runs along eastern border of Zlatibor, passes the villages Bela reka, Ljubis, and Sirogojno. It is one of the clearest Serbian rivers, and it supplies Arilje, Pozega, Cacak, and Gornji Milanovac with drinking water.
Northern parts of Zlatibor are poor with water because of their geological structure. Except the Susica whose water disappears in limestone, there are no other rivers.

Zlatibor hasn’t got any natural lakes. At Kraljeve Vode a small artificial lake was made for the tourists in 1947 and it is supplied with water of  the clean mountain stream Obudovica. In summer it is a bathing resort and it is a kind of tourist settlement Zlatibor decoration. It is 150 m long and 50 m wide. High pine trees encircling it make pleasant shade and freshness in warm summer days.It is surrounded by nice walking paths and benches for the guests to take a rest. During the summer a boat ride or pedalling on the lake is possible.

Ribnicko jezero is another bigger artificial Zlatibor lake. It is situated 7 km southwest of Obudovicko Lake. It is built on the river Crni Rzav in Ribnica and serves as drinking water supply of Zlatibor tourist centre. The very name of the lake (fish lake) talks about abundance of fish in it: chub,trout, carp, tench and sheat- fish, so development of sports fishing is possible. This extraordinary attractive hydro object in a wonderful natural miljeu between Ribnica, Kraljeve Vode and Vodice attracts a great number of visitors fishermen and recreatives.