The dielectric permittivity ε′ and loss ε″ of anhydrous poly(2‐hydroxyethyl methacrylate) and its 38.6 w/w% hydrogel have been measured in the frequency range from 12 Hz to 200 kHz and the temperature range from 77 to 273 K. The former has a sub‐Tg relaxation with a half‐width of 4.5 decades for the loss spectra, whose strength increases with temperature, and an activation energy of 62.5 kJ/mol. The dielectric relaxation time of the α process of supercooled water in the hydrogel is 53 s at its calorimetric Tg of 135 K. The half‐width of the relaxation spectrum is 2.85 decades and, in the narrow temperature range, its apparent activation energy is 60.8 kJ/mol. Heating of the hydrogel causes crystallization of water which begins at about 207 K and becomes readily detectable as a second dielectric loss peak at about 230 K. For each temperature between 207 and 267 K, supercooled water in the hydrogel coexists with its crystallized form, with the amount of the crystallized solid increasing with increasing temperature. These results are discussed in terms of “bound” and “free” states of water in the hydrogel. Copyright © 1990 John Wiley & Sons, Inc.