Extreme droughts are intensifying, and their seasonal timing plays an important role in shaping plant functional traits in semi-arid grasslands. This study experimentally imposed extreme drought in spring, summer, or autumn on three dominant steppe grasses (Leymus chinensis, Stipa krylovii, and Cleistogenes squarrosa) in a temperate steppe of Inner Mongolia, measuring 12 functional traits and soil moisture at four depths. Linear mixed-effects models and response coefficients (RC; trait deviation relative to control) indicated that summer drought induced the strongest trait shifts, against a background of consistently reduced surface soil moisture across all seasonal drought treatments. Leaf-size traits (leaf area, width) were the most responsive across species, accompanied by consistent increases in leaf nitrogen concentration and declines in leaf C: N ratio under summer drought. Species-specific trait-based response strategies emerged: S. krylovii showed early-season biomass and cover gains followed by later reductions in height and leaf size; C. squarrosa exhibited predominantly negative trait responses under mid-to late-season drought; and L. chinensis showed minimal changes, with slight increases in acquisitive leaf traits during summer and small structural declines outside the peak season. These findings highlight that drought timing governs functional reconfiguration, and that complementary species strategies, together with leaf-size and LNC indicators, provide season-aware metrics for assessing steppe resilience.