This study examined the southern or Patagonian (41°–55° S) stock of Argentine hake Merluccius hubbsi, the more abundant of the two stocks on the Argentinean continental shelf. Pre‐recruits (age 0+ year individuals) of this stock settle and grow in the San Jorge Gulf (45°–47° S, 65° 30′ W), a complex habitat with large spatial variability in environmental features. Relative condition factor, hepatosomatic index, lipid content and fatty‐acid composition of muscle and liver, and diet information were combined with physical and biological data to evaluate: how nutritional status of age 0+ year hake varies spatially within the nursery ground; whether changes in condition are related to environmental factors and feeding; whether the indices are interchangeable metrics of condition. Both morphometric and biochemical indices showed dissimilar spatial trends; enhanced liver‐based condition coincided with low salinity nutrient rich waters, higher chlorophyll‐a values and abundances of Euphausia spp., the preferred prey at most stations, suggesting a bottom‐up effect on age 0+ year hake condition. Diminished condition at stations where Thermisto gaudichaudii was the main prey could derive from lower prey quality in terms of energy density and essential fatty acids content. Coastal waters of the gulf would be essential habitats for M. hubbsi pre‐recruits. Future monitoring of condition with liver‐based indices is encouraged in the gulf, where interannual increasing trends of satellite‐derived chlorophyll‐a values have been observed, which could have implications for recruitment of the species.