Linum album (Ky. ex Boiss.) is an important medicinal plant that produces compounds such as the well-known anticancer lignan podophyllotoxin and fatty acids. Despite its high medicinal value, it has not yet been studied in detail under agricultural conditions. This study was conducted to evaluate the morphological, phenological, and physiological responses of six L. album accessions under different levels of water deficit treatments (100%, 75%, 50%, and 25% available water) in pot conditions. Based on the results, some of the morphological characteristics of the response to water deficit were established. Accessions UTLA7, UTLA9, and UTLA10 showed a higher seed yield and dry weight of the vegetative part. There was a substantial difference in the occurrence of phenological stages in the accessions. The maturation process was accelerated in plants under stress conditions, and accession UTLA9 completed its complete growth cycle faster than the other accessions. The physiological responses of the different accessions did not show the same pattern on the basis of the characteristics studied, and significant differences were observed depending on the trait and accession. Among the most important results of this study was the diversity of responses in different accessions. Based on these results, it is recommended that morphological features (such as seed yield per plant, plant height, number of inflorescences per plant, shoot and root dry weight) be used to select tolerant accessions for the desired product.