20th Century Masters – The Millennium Collection: The Best of Waylon Jennings received three out of five stars from Steve Huey of AllMusic.[1] In his review, Huey states that "the compilation demonstrates that Jennings did produce some quality work during his time with MCA" and is "a worthy addition to the collections of devoted fans."[1]
Chart performance
20th Century Masters – The Millennium Collection: The Best of Waylon Jennings peaked at number 67 on the U.S. BillboardTop Country Albums chart.[2]