Intra‐specific trait variation (ITV) plays a role in processes at a wide range of scales from organs to ecosystems across climate gradients. Yet, ITV remains rarely quantified for many ecophysiological traits typically assessed for species means, such as pressure volume (PV) curve parameters including osmotic potential at full turgor and modulus of elasticity, which are important in plant water relations. We defined a baseline “reference ITV” (ITVref) as the variation among fully exposed, mature sun leaves of replicate individuals of a given species grown in similar, well‐watered conditions, representing the conservative sampling design commonly used for species‐level ecophysiological traits. We hypothesized that PV parameters would show low ITVref relative to other leaf morphological traits, and that their intraspecific relationships would be similar to those previously established across species and proposed to arise from biophysical constraints. In a database of novel and published PV curves and additional leaf structural traits for 50 diverse species, we found low ITVref for PV parameters relative to other morphological traits, and strong intraspecific relationships among PV traits. Simulation modeling showed that conservative ITVref enables the use of species‐mean PV parameters for scaling up from spectroscopic measurements of leaf water content to enable sensing of leaf water potential.