Hillway is a settlement on the Isle of Wight, off the south coast of England.

The hamlet lies near to the south-east coast of the island, and is located near to the larger settlement of Bembridge (where the 2011 Census population is included). Hillway is the location of the Britten-Norman aircraft factory and Bembridge Airport, and is approximately 8.5 miles (13.7 km) south-east of Newport.