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River flow fluctuation has an important influence on riparian vegetation dynamics. A temporally segmented stochastic model focusing on a same‐aged population is developed for the purpose of describing both spatial and temporal dynamics of riparian vegetation. In the model, the growth rate of population, rather than carrying capacity, is modeled as the random variable. This model has explicit physical meaning. The model deduces a process‐based solution. From the solution process, the probability density of spatial distribution can be derived; therefore, the spatial distribution of population abundance can be described. The lifespan of a same‐aged population and the age structure of the species‐specific population can also be studied with the aid of this temporally segmented model. The influence of correlation time of river flow fluctuation is also quantified according to the model. The calibration of model parameters and model application are discussed. The model provides a computer‐aided method to simulate and predict vegetation dynamics during river flow disturbances. Meanwhile, the model is open and allows for more accurate and concrete modeling of growth rate. Because of the Markov property involved in the process‐based solution, the model also has the ability to deal with cases of nonstationary disturbances.