The amount of phosphorus (P) conventionally recommended and applied to container nursery crops commonly exceeds plant requirements, resulting in unused P leaching from containers and potentially contributing to surface water impairment. An experiment was replicated in the Middle Atlantic Coastal Plain (MACP) and Ridge and Valley ecoregions of Virginia to compare the effect of a low-P controlled-release fertilizer (CRF, 0.9% or 1.4% P depending on species) vs. a conventional CRF formulation (control, 1.7% P) on plant shoot growth, crop quality, and substrate nutrient concentrations of four species: ‘Natchez’ crape myrtle (Lagerstroemia indica × Lagerstroemia fauriei), ‘Roblec’ Encore azalea (Rhododendron hybrid), ‘Radrazz’ Knock Out rose (Rosa hybrid), and ‘Green Giant’ arborvitae (Thuja plicata × Thuja standishii). In both ecoregions, the low-P CRF resulted in 9% to 26% lower shoot dry weight in all four species compared with those given the conventional formulation, but quality ratings for two economically important species, ‘Radrazz’ Knock Out rose and ‘Green Giant’ arborvitae, were similar between treatments. When fertilized with the low-P CRF, ‘Roblec’ Encore azalea and ‘Natchez’ crape myrtle in both ecoregions, and ‘Green Giant’ arborvitae in the MACP ecoregion had ∼56% to 75% lower substrate pore-water P concentrations than those that received the control CRF. Nitrate-nitrogen (N) concentrations in substrate pore water at week 5 were more than six times greater in control-fertilized plants than in those that received a low-P CRF, which may have been a result of the greater urea-N content or the heterogeneous nature of the low-P CRFs. Lower water-extractable pore-water P and N indicate less environmental risk and potentially increased crop efficiency. Our results suggest low-P CRFs can be used to produce certain economically important ornamental nursery crops successfully without sacrificing quality; however, early adopters will need to evaluate the effect of low-P CRFs on crop quality of specific species before implementing on a large scale.