Communities of free-floating aquatic plants dominated by Lemnaceae (duckweeds) are common in ponds and wetlands globally with important ecological functions. In addition to the cosmopolitan common duckweed (Lemna minor), other species of Lemnaceae, liverworts (Ricciaceae), hornworts (Ceratophyllum), and water ferns (Salviniaceae) often coexist over broad geographic areas. Despite these species all sharing a similar mode of life and resource requirements, they have important morphological and physiological differences such as variation in body size, degree of morphological reduction, presence/number of roots, and position in the water column. The degree to which these differences play a role in shaping their distributions is, however, unclear. We report a field survey of floating aquatic plants in southern Quebec, Canada. We find that species distributions are influenced by habitat specialization to water phosphorus levels. High nutrient specialization followed a continual reduction in body size and morphological complexity, with smaller, simpler species found in higher nutrient sites. We also found a latitudinal gradient in species richness with more northerly sites supporting less diversity. Rare species did not show clustering suggesting that dispersal limitation was not an important factor in determining local abundance. Our results suggest that the distribution of these plants is in part driven by competitive sorting of suitable species from a regional species pool.