The wintering period is an essential part of the annual life history of waterbirds. The environmental conditions of habitats in winter directly affect the abundance and physical condition of waterbirds. Therefore, it is important to study the relationship between waterbird abundance and habitat factors. In this study, we conducted significance and threshold analyses between habitat factors and the waterbird community at Shengjin Lake, a Ramsar Site in China, using Redundancy Analysis (RDA), Spearman Correlation Analysis, and Threshold Indicator Taxa Analysis (TITAN). The results indicate that seven environmental variables significantly affected the abundance of waterbird communities, that is, fractional vegetation cover, degree of receding water, grassland area, mudflat area, shallow water area, deep water area, and distance to reeds. Waterbird communities exhibited significant threshold responses to all seven factors. The number of species significantly responding to different habitat factors varied among waterbird communities, with the highest number of species (15) responding to distance to reeds. Except for the deep water area and distance to reeds, waterbirds showed higher positive than negative thresholds for the remaining five factors. Different groups of waterbirds influenced the threshold responses of waterbird communities to habitat factors, and there were variations in how each waterbird group responded to these factors. The results of this study highlight the importance of habitat type, water recession degree, and shelter conditions in waterbird habitat selection. Minor differences in habitat structure can influence waterbird habitat preferences. Therefore, wetland management at Shengjin Lake should consider the specific habitat needs of different waterbird species.