Soil water content (SWC) is a key factor in optimizing the usage of water resources in agriculture since it provides information to make an accurate estimation of crop water demand. Methods for predicting SWC that have simple data requirements are needed to achieve an optimal irrigation schedule, especially for various water-saving irrigation strategies that are required to resolve both food and water security issues under conditions of water shortages. Thus, a two-year field investigation was carried out to provide a dataset to compare the effectiveness of HYDRUS-2D, a physically-based numerical model, with various machine-learning models, including Multiple Linear Regressions (MLR), Adaptive Neuro-Fuzzy Inference Systems (ANFIS), and Support Vector Machines (SVM), for simulating time series of SWC data under water stress conditions. SWC was monitored using TDRs during the maize growing seasons of 2010 and 2011. Eight combinations of six, simple, independent parameters, including pan evaporation and average air temperature as atmospheric parameters, cumulative growth degree days (cGDD) and crop coefficient (Kc) as crop factors, and water deficit (WD) and irrigation depth (In) as crop stress factors, were adopted for the estimation of SWCs in the machine-learning models. Having Root Mean Square Errors (RMSE) in the range of 0.54–2.07 mm, HYDRUS-2D ranked first for the SWC estimation, while the ANFIS and SVM models with input datasets of cGDD, Kc, WD and In ranked next with RMSEs ranging from 1.27 to 1.9 mm and mean bias errors of −0.07 to 0.27 mm, respectively. However, the MLR models did not perform well for SWC forecasting, mainly due to non-linear changes of SWCs under the irrigation process. The results demonstrated that despite requiring only simple input data, the ANFIS and SVM models could be favorably used for SWC predictions under water stress conditions, especially when there is a lack of data. However, process-based numerical models are undoubtedly a better choice for predicting SWCs with lower uncertainties when required data are available, and thus for designing water saving strategies for agriculture and for other environmental applications requiring estimates of SWCs.