The present study compared the sensitivity of tissue nitrogen (N) concentration, SPAD readings, Dualex readings, and SPAD/Dualex ratios for assessing the N status of corn (Zea mays L. cv. Pioneer 38B84) under different water supply conditions. A greenhouse trial was conducted with 4 rates of N fertilizer (0, 50, 50+75, and 200 kg ha−1) and 3 watering levels (drought, drought followed by rewatering, and fully-watered). Tissue N concentration, SPAD, Dualex, and SPAD/Dualex values were influenced significantly by N rates and soil water content (SWC). Tissue N concentration, SPAD value, and SPAD/Dualex ratio increased with N rates, whereas Dualex value decreased. In the first phase of reaction to drought, tissue N concentration, SPAD value, and SPAD/Dualex ratio decreased rapidly, but Dualex value increased; however, the opposite pattern of response was observed in the long term. Under rewatering, tissue N concentration, Dualex value, and SPAD/Dualex ratio gradually recovered, whereas SPAD values did not change significantly as they did in the drought treatment. There were highly significant relationships between tissue N concentration and SPAD reading (r = 0.92, P ≤ 0.001), Dualex value (r = (0.86, P ≤ 0.001), or SPAD/Dualex ratio (r = 0.63, P ≤ 0.001). However, SPAD and Dualex values were better predictors of tissue N concentration under drought condition (r= 0.90, P ≤ 0.001 for SPAD; r = −0.83, P ≤ 0.001 for Dualex) than under fully-watered condition (r = 0.39, P ≤ 0.05) for SPAD; r = −;0.44, P ≤ 0.05 for Dualex) at the end of the trial. Among the indicators, Dualex is better to discriminate N treatments with consistent results across SWC levels.