Pervious concretes, as sustainable pavement materials, have great advantages in addressing a number of environmental issues. Fly ash, as the industrial by-product waste, is the most commonly used as cement substitute in concrete. The objective of this paper is to study the effects of waste fly ash on properties of pervious concrete. Fly ash was used to replace cement with equivalent volume method at different levels (3%, 6%, 9%, and 12%). The control pervious concrete and fly ash modified pervious concrete were prepared in the laboratory. The porosity, permeability, compressive strength, flexural strength, and freeze–thaw resistance of all mixtures were tested. The results indicated that the addition of fly ash decreased the early-age (28 d) compressive strength and flexural strength, but the long-term (150 d) compressive strength and flexural strength of fly ash modified pervious concrete were higher than that of the early-age. The adverse effect of fly ash on freeze–thaw resistance of pervious concrete was observed when the fly ash was added. The porosity and permeability of all pervious concrete mixtures changed little with the content of fly ash due to the use of equal volume replacement method. Although fly ash is not positive to the properties of pervious concrete, it is still feasible to apply fly ash as a substitute for cement in pervious concrete.