Zooplankton abundance was related to hydrological and environmental variables in a hydrologically dynamic lake fed by a pseudokarstic aquifer. The study period (2002–2006) in Lake Tovel covered different hydrological situations with water residence time (WRT) having the lowest values in 2002 and the highest values in 2003. WRT was negatively correlated with silica concentrations and algal biovolume. Furthermore, the biovolume of small algae was highest in spring and summer, while large algae did not show any pattern. In multivariate analysis, high abundance of crustacean species in autumn and winter was positively related to WRT and negatively to algal biovolume, while high abundance of rotifer species in spring and summer was negatively related to WRT and positively to algal biovolume. With the exception of Keratella cochlearis and Gastropus stylifer, rotifers showed a pattern of crustacean avoidance, and three groups were distinguished: (i) Ascomorpha ecaudis and Polyarthra dolichoptera, (ii) Asplanchna priodonta and Synchaeta spp., and (iii) Filinia terminalis and Keratella quadrata. These groups were associated with different food sources and depths. We suggest that WRT influenced the rotifer–crustacean relationship by wash-out effects and competition for food resources. The dynamics of single rotifer species were attributable to specific feeding requirements and adaptations. In summary, WRT determined the platform for abiotic and biotic interactions that influenced population dynamics of crustaceans and rotifers.