Light-emitting diode (LED) lighting is currently the most energy-efficient lighting technology, and its use in agriculture is rapidly increasing. This research aimed to investigate the interaction effect of nutrient solution concentration and light quality on tomato seedlings growth. The tested factors included two nutrient solution concentrations (50% and 33% Hoagland solution) and four ratios of blue (440 nm) to red (660 nm) light in LED lighting at a constant light intensity (B2R1, B1R1, B1R2, and B1R3). Height growth was greatest in the 33% nutrient solution × B1R2 light treatment and smallest in the 33% nutrient solution × B2R1 light treatment. Regardless of the nutrient solution concentration, total chlorophyll and carotenoid concentrations decreased with an increase in the proportion of blue light. Plant absorption of sulfur was highest in the 50% nutrient solution × B1R2 light treatment, significantly higher than all other treatments. Although the 50% nutrient solution × B1R2 light treatment also showed the greatest magnesium absorption, it did not differ significantly from most of the other treatments. In general, for growing tomato seedlings, a high ratio of blue light regime (B2R1) with a dilute nutrient solution, enriched with magnesium and sulfur, can be recommended to prevent elongation disorder and have no negative impact on various growth and physiological indicators.