Masaya (Spanish pronunciation: [maˈsaʝa]) is the capital city of Masaya department in Nicaragua. It is situated approximately 14 km west of Granada and 31 km southeast from Managua.

The town of Masaya is just east of Masaya Volcano (Volcán de Masaya), an active volcano from which the city takes its name. With an estimated population of 140,000 (2005), it is Nicaragua's third most populous city, and it is culturally known as the City of Flowers.