Rotational stocking theoretically enables regrazing of regrowth, but regrowth may be limited in xerophytic vegetation. We tested the hypothesis that regrowth would be slow and fixed in Hesperostipa comata (a caespitose, drought‐tolerant grass), while growth would be flexible in Pascopyrum smithii (a rhizomatous, less drought‐tolerant grass) under increasing defoliation and moisture, by assessing tiller growth rates, population dynamics and plant yield on marked plants in a Dry Mixed Grass prairie. Plots were clipped in late summer to simulate a deferred control, or intermittently during the growing season (May–August) at high intensity–low frequency (HILF), low intensity–high frequency (LIHF) or high intensity–high frequency and crossed with two water treatments (ambient and addition) in both a xeric upland and a mesic lowland. Growing season defoliation increased tiller growth rates of P. smithii in the upland, whereas HILF and LIHF reduced growth in the lowland. All defoliation regimes increased tiller growth for H. comata. Tiller populations of H. comata increased with frequent defoliation, while tiller populations of P. smithii decreased regardless of defoliation regime. Frequent defoliation, regardless of intensity, reduced yield relative to the deferred control for both grasses. While water addition consistently increased growth rates and reduced differences in tiller number among defoliation treatments, the regrowth of both grasses remained similar under varied defoliation with ambient moisture. High moisture conditions also promoted regrowth more in P. smithii compared to H. comata. In summary, neither grass species displayed an inherently fixed or flexible tiller or plant yield response in response to defoliation or moisture.