Budleigh lies at the mouth of the River Otter, where the estuary forms an area of reed bed and grazing marsh, an important haven for migratory birds and a Site of Special Scientific
The town is almost entirely residential, with most businesses being situated in the High Street, Fore Street and Station Road (at the High Street end). Near the town centre is a park, known as The Green.
Fairlynch Museum is a small museum housed in a listed thatched building. It covers the history and geology of the region, and offers exhibitions and a local archive.
Budleigh is on the South West Coast Path, with clifftop routes eastward to Sidmouth and westward to Exmouth. The pebble beach and cliffs are part of the Jurassic Coast World Heritage site, although this is an arrangement of geographical convenience, rather than being correct from the geological time point of view. Much of the geology is Triassic, represented by bunter sandstone (Budleigh Salterton Pebble Beds) and the area is also known for the radioactive nodules containing vanadium and uranium in red marl at Littleham Cove.