Phosphorus deficiency is one of the main factors influencing agricultural and forestry productions. Fertilization and soil improvement are the major measures to meet the demand of phosphorus for crops in traditional agriculture and forestry management. Recently, the plants with high phosphorus use efficiency have been discovered to replace the traditional measures to improve phosphorus use efficiency of crops. This paper reviewed the research advances in the morphological, physiological and genetics mechanisms of plants with high phosphorus use efficiency. There were three mechanisms for the plants with high phosphorus use efficiency to grow under phosphorus stress: (1) under low phosphorus stress, the root morphology would change (root system grew fast, root axes became small, the number and density of lateral root increased) and more photosynthesis products would transport from the crown to the root, (2) under low phosphorus stress, plant root exudation increased, mycorrhizae invaded into root system, the feature of root absorption kinetics changed, and the internal phosphorus cycling of plant reinforced to tolerate phosphorus deficiency, and (3) under long selection stress of low phosphorus, some plants would form the genetic properties of phosphorus nutrition that could exploit the hardly soluble phosphorus in the soil.