Three experiments were conducted to evaluate the effects of microbial phytase (Ronozyme P(L) and dosage on apparent digestibility coefficients of dry matter, crude protein, amino acids, and minerals in soybean product‐based diets for rainbow trout Oncorhynchus mykiss. In experiments 1 and 2, fish were fed soy protein concentrate and soybean meal‐based semi‐purified diets, respectively. In experiment 3, fish were fed soybean meal‐based practical diets. A total of 900 fish (average body weight 100.1 ± 7.4 g) were stocked into 30 150‐L fiberglass tanks with 30 fish per tank and two tanks per diet. Phytase was supplemented into soybean product‐based diets at 0, 500, 1,000, 2,000, and 4,000 FTU/kg diet. Yttrium oxide (0.01%) was used as inert marker. Feces were collected by hand stripping three times at 3‐d intervals. Results of experiments 1 and 2 showed that phytase supplementation significantly increased apparent digestibility coefficients of minerals (except copper and iron), but not dry matter. Experiment 3 showed that phytase supplementation significantly increased apparent digestibility coefficients of dry matter, crude protein, amino acids (except tryptophan and tyrosine), and minerals (except copper and iron). The optimum level of phytase supplementation in rainbow trout diets was approximately 500 FTU/kg diet.