Cover crops are important components of sustainable agricultural systems under no‐till conditions. However, in the Brazilian Cerrado region, plant growth and straw production on the soil surface have been hampered by insufficient soil water availability during off‐season. A pot experiment was conducted to investigate the effect of silicon fertilization on the morphological and physiological characteristics of cover crops under drought stress conditions. We hypothesized that silicon could mitigate the adverse effects of drought stress because of its role in improving the photosynthetic process and antioxidant defence mechanisms of plants. Thus, two silicon fertilizer levels (0 and 180 mg/kg of Silicon), three grass cover crops (Urochloa brizantha cv. BRS Piatã, U. brizantha cv. Marandu and Pennisetum glaucum cv. ADR 300) and three drought stress levels (100% pot capacity (PC): well‐watered conditions, 50% PC: moderate water stress and 25% PC: severe water stress) were laid out as a randomized block design in a factorial arrangement and replicated four times. Morphophysiological characteristics were recorded after 22 days of exposure to drought stress. Drought stress decreased the growth rate, leaf area (LA), net CO2 assimilation rate and stomatal conductance of the three cover crops. However, with the application of silicon fertilizer, a portion of the negative effects caused by water restriction could be mitigated, even though there were differences in the responses to silicon fertilization and water stress levels among the cover crop species. Silicon application potentiated the tillering and plant growth rate and increased the photosynthetic rate and water use efficiency of U. brizantha (cv. Marandu and cv. BRS Piatã) plants grown under moderate drought stress conditions.