Mungalli Falls is a multi-tier cascade located in the Mungalli locality of Queensland's Atherton Tablelands, near Millaa Millaa. With an estimated 75-metre drop, it ranks among the larger waterfalls in the region.

The Beatrice River forms the boundary of the surrounding locality, and the falls sit within the grounds of the Mungalli Falls Outdoor Education Centre.

A scenic 40-minute return walk leads through World Heritage-listed rainforest to a wooden viewing deck at the base of the falls. A platypus viewing area is also located near the site, adding to its wildlife appeal.