Mark Demming of Allmusic wrote "...at its best Last of the Breed really sounds the way these things did in the old days, and Nelson, Haggard, and Price achieve something more than nostalgia—they offer a stirring reminder of the strength of this music when country music spoke to something deeper than just a marketing demographic." In his review, music critic Robert Christgau wrote "Not much kidding around here—they're feeling their varying ages. But they ain't dead yet." Steven Deusner writes of the style, "...most of these songs sound like the trio are trying to re-create a style long past rather anchor these songs in the here and now. That retrospective orientation is strange because none of these artists could be accused of being stuck in the past; in fact, their willingness to adapt to new styles without compromising their standards is partly what makes them the last of their breed. So it's a shame Last of the Breed isn't better—not only do they have a lot to say about these old songs, they also have a lot to say through them." While Jonathan Keefe of Slant takes issue with the title, he praises the album, calling it "a collection that's nearly flawless in its execution."