
This condensed milk baked rice pudding is creamy, comforting, and incredibly easy to make. With tender rice in a sweet custard and a hint of vanilla and warm spices, it’s the perfect nostalgic dessert for any occasion.
Preheat oven to 350°F (175°C) and grease an 8×8-inch baking dish.
Bring 1½ cups water to a boil, add rice, cover, and simmer for 10–12 minutes until just tender. Drain and let cool slightly.
In a large bowl, whisk whole milk, condensed milk, vanilla, cinnamon, nutmeg, and salt. In another bowl, lightly beat eggs and whisk into the milk mixture.
Spread cooked rice evenly in baking dish, sprinkle raisins if using, then pour custard over and gently stir to combine.
Place dish in a larger pan and pour hot water around it for a water bath. Bake 45–55 minutes, stirring once halfway, until golden and just set with a slight jiggle.
Cool 10–15 minutes before serving warm, or chill for a firmer texture.