Soil moisture (SM) is a fundamental constituent of the terrestrial environment and the hydrological cycle. Owing to its significant influence on catchment hydrological responses, it can be utilized as an indicator of floods and droughts to aid early warning systems. This study aimed to develop a field‐scale method to estimate SM using parametric and machine learning‐based methods to compare whether advanced artificial intelligence methods can give similar results as traditional methods. Considering this, monthly observed SM data (from the top 10 cm), environmental covariates, and remotely sensed data from March 2019 to July 2021 for the Cathedral Peak Research Catchments VI and IX in South Africa were obtained. From the 241 observations obtained across 12 sites, 160 (∼66%) were used for model training, while the remaining 81 (∼34%) were used for model testing. Employing 10‐fold cross‐validation, the individual machine learning models (viz., support vector machine [SVM], random forest (RF), k‐nearest neighbor, classification and regression trees [Rpart], and generalized linear model) displayed a satisfactory performance (R2 = 0.52–0.79; root mean square error = 3.79–5.80). In the validation phase, the RF model displayed a superior performance, followed by the SVM. Subsequent SM estimation using the hybrid model produced satisfactory results in training (R2 = 0.90) and testing (R2 = 0.45). The results obtained from this study can aid in predicting SM variations in catchments with limited monitoring. Furthermore, this model can be applied in drought monitoring, forecasting, and informing agricultural management practices.