What we believe to be a novel low-cost broadband continuous-wave water vapor differential absorption lidar (CW-DIAL) technique has been proposed and implemented by combing the Scheimpflug principle and the differential absorption method. The broadband CW-DIAL technique utilizes an 830-nm high-power multimode laser diode with 3-W output power as a tunable light source and a CMOS image sensor tilted at 45° as the detector. A retrieval algorithm dedicated for the broadband CW-DIAL technique has been developed to obtain range-resolved water vapor concentration from the DIAL signal. Atmospheric remote sensing of water vapor has been carried out on a near-horizontal water vapor path to validate the performance of the broadband CW-DIAL system. The retrieved water vapor concentration showed a good consistency with those measured by an air quality monitoring station, with a correlation coefficient of 0.9669. The fitting error of the water vapor concentration is found to be less than 10%. Numerical simulation studies have revealed that the aerosol-induced error on the water vapor concentration is below 5% with a background water vapor concentration of 5 g/m3 for most atmospheric conditions. The experimental results have successfully demonstrated the feasibility of the present broadband CW-DIAL technique for range-resolved water vapor remote sensing.