The effects of different densities of caged Nile tilapia, Oreochromis niloticus, on water quality, phytoplankton populations, prawn, and total pond production were evaluated in freshwater prawn, Macrobrachium rosenbergii, production ponds. The experiment consisted of three treatments with three 0.04‐ha replicates each. All ponds were stocked with graded, nursed juvenile prawn (0.9 ± 0.6 g) at 69,000/ha. Control (CTL) ponds contained only prawns. Low‐density polyculture (LDP) ponds also contained two cages (1 m3; 100 fish/cage) of monosex male tilapia (115.6 ± 22 g), and high‐density polyculture (HDP) ponds had four cages. Total culture period was 106 d for tilapia and 114 d for prawn. Overall mean afternoon pH level was significantly lower (P ≤ 0.05) in polyculture ponds than in CTL ponds but did not differ (P > 0.05) between LDP and HDP. Phytoplankton biovolume was reduced in polyculture treatments. Tilapia in the LDP treatment had significantly higher (P ≤ 0.05) harvest weights than in the HDP treatment. Prawn weights were higher (P ≤ 0.05) in polyculture than prawn monoculture. These data indicate that a caged tilapia/freshwater prawn polyculture system may provide pH control while maximizing pond resources in temperate areas.