In the last 20 years, a significant mortality of Fagus sylvatica L. (European beech) has been documented in central and northern European forests. Surprisingly, no beech die off occurred at the southern limit. This fact leads us to hypothesize that European beech populations growing at the southern limit of the distribution might have a significant phenotypic plasticity to better cope with low water availability and rising temperatures. To check this hypothesis, we evaluated the ecophysiological behavior of F. sylvatica growing along an altitudinal transect in Calabria (Italy). We selected three study sites (750 m a.s.l., 976 m a.sl. m a.s.l., 1450 m a.s.l.) showing narrow ranges of temperature, rainfall and air humidity. Trees growing at 976 m a.s.l. showed the highest stomatal conductance values during the entire experimental period. The lowest gas exchange and highest leaf mass area were recorded in plants growing at 750 m a.s.l. In the European beech growing at 1450 m a.s.l., higher vessel density, lower mean vessel diameter and higher vessel grouping index values were recorded. Overall, our results highlighted that the measured populations show a considerable phenotypic plasticity leading them to adjust anatomical and physiological traits in response to narrow ranges of environmental parameters. Despite that, the distribution of F. sylvatica seems to be limited to areas with a growing season rainfall of at least 400 mm and vapor pressure deficit (VPD) values < 3 kPa, which may represent the main environmental thresholds which strongly limit the beech growth and, therefore, influence the ability of this species to cope with future environmental conditions.