Intraspecific variability in life-history traits was investigated comparing four geographically isolated populations of the shrimp Palaemonetes argentinus (Crustacea, Caridea, Palaemonidae) in the Province of Buenos Aires, Argentina. One population inhabits a creek (Vivoratá Creek, VC), which drains into the brackish coastal lagoon Mar Chiquita; three others live in inland lakes (Lakes Chascomús, LC; La Brava, LB; Los Padres, LP). Female size at the onset of sexual maturity, both realized and actual fecundity (i.e. number of eggs in an early stage of embryonic development and number of freshly hatched larvae per female, respectively), as well as the size of freshly hatched larvae were consistently largest at VC, intermediate at LC and LB, and lowest at LP. The opposite pattern was found in egg loss (estimated as difference between realized and actual fecundity), being lowest at VC, highest at LP, and intermediate in the other two populations. Initial embryonic dry weight (W) was higher at VC than in all other populations. However, the W of freshly hatched larvae was similarly high at VC, LC and LB, but significantly lower at LP. Intraspecific variation in life-history traits, in particular between shrimps from VC (lotic, slightly brackish; highly variable salinities) and those from inland lakes (lentic; low but stable ion concentrations) are discussed in relation to local variation in hydrological and other ecological conditions that may wield differential selection pressures in the life-history evolution of a species with a wide range of ecological and geographic distribution.