The film currently holds an 85% score from the film critics' site Rotten Tomatoes, with the average rating calculated as 6.6/10. It summarised the critical consensus as: "Deliberately provocative, Tony Manero is as challenging and compelling as it is difficult to describe.".
The film has been released on DVD in several countries. Region 2 DVDs were released in 2009 by Network DVD in the U.K. and Ripley's Home Video in Italy, and an unrated region 1 DVD was released in 2010 by Kino International.