Developmental phenotypic plasticity can be a vital means to buffer the sudden and persistent effects of anthropogenic climate change, through facilitation of species persistence and possible facilitation of species range shifts. Integrating our understanding of plastic physiological growth mechanisms with functional traits may prove useful for interpretation of the ecological impacts of climate change. We investigated the influence of water-stress and light limitation on leaf mass per area (LMA), leaf anatomy, and leaf gas exchange of juvenile Populus tremuloides trees. Leaves that developed while water-stressed had significantly elevated LMA, due to increased leaf density from significantly higher spongy mesophyll surface area per leaf area (Asmes/A) and reduced stomatal conductance (gs) but only marginally reduced photosynthesis (Pmax). In shade, leaves had significantly reduced LMA, due to reduced thickness, density, and combined Ames/A, but maintained the same Asmes/A, and reduced palisade mesophyll surface area per leaf area (Apmes/A), which was coupled with a reduction of gs and Pmax. Furthermore, water-stressed leaves had elevated intrinsic water use efficiency (WUEi: Pmax/gs) while the shaded leaves, despite reduced gs, maintained similar WUEi. Our results suggest that, under water-stress and full sunlight, greater Asmes/A conferred maintenance of photosynthetic rate possibly through reduction of mesophyll resistance (rm), at the cost of reducing expansive leaf area (and increasing density) as leaves were more dense but were 20 % the area of control leaves. In shade, suppressing Apmes/A while maintaining Asmes/A may be a plastic strategy to increase laminar light capture, as leaves had reduced density and thickness but were still 50 % the area of control leaves . Together, in P. tremuloides saplings, these stresses induced developmental plasticity in LMA with differing plastic underlying anatomy and function; we discuss future implications specifically in the context of developmental plasticity, growth trade-offs, and the ecological impacts of climate change.