Assessment of water resources requires reliable rainfall data, and rain gauge networks may not provide adequate spatial representation due to limited point measurements. The Tropical Rainfall Measuring Mission (TRMM) provides rainfall data at global scale, and has been used with good results. However, TRMM data are an indirect measurement of rainfall, and therefore must be validated for its proper use. In this work, a validation scheme was designed and implemented to compare the TRMM Version 7 (V7) monthly rainfall product at different time frames with data measured in two hydrologic subregions of the Santiago River Basin (SRB) in Mexico: Río Alto Santiago and Río Bajo Santiago (RBS). Additionally, three physio‐climatic regions provide an assessment of the interplay of topography, distance from coastal regions, and seasonal weather patterns on the correspondence between both datasets. The TRMM V7 rainfall product exhibited good agreement with the rain gauge data particularly for the RBS and for the whole SRB during wettest summer and autumn seasons. However, strong regional dependence was observed due to differences in climate and topography. Overall, in spite of some noted underestimations, the monthly TRMM V7 rainfall product was found to provide useful information that can be used to complement limited monitoring as is the case of RBS. An improved combined rainfall product could be generated and thus gaining the most benefits from both data sources.