Phosphate transporter (PHT) is responsible for plant phosphorus (P) absorption and transport. PHT1 is a component of the high-affinity phosphate transporter system and plays pivotal roles in P absorption under P starvation conditions. However, in cotton, the number and identity of PHT1 genes that are crucial for P absorption from soil remain unclear. Here, genome-wide identification detected twelve PHT1 genes in Gossypium hirsutum and seven and eight PHT1 genes in two close relatives of the G. hirsutum genome—G. arboreum and G. raimondii, respectively. In addition, under low-phosphate treatment, the expressions of GaPHT1;3, GaPHT1;4, and GaPHT1;5 in roots were upregulated after 3 h of induction, and GhPHT1;3-At, GhPHT1;4-At, GhPHT1;5-At, GhPHT1;3-Dt, GhPHT1;4-Dt, and GhPHT1;5-Dt in the roots began to respond after 1 h of induction. Homologous pairs—GaPHT1;4 and GhPHT1;4-At; GaPHT1;5 and GhPHT1;5-At; GrPHT1;4 and GhPHT1;4-Dt, with GhPHT1;5-Dt and GhPHT1;5-At being syntenic—were all highly expressed in the roots under normal conditions. Among the genes highly expressed in the roots, GhPHT1;4-At, GhPHT1;5-At, GhPHT1;4-Dt and GhPHT1;5-Dt were continuously upregulated by P starvation. Therefore, it is concluded that these four genes might be key genes for P uptake in cotton roots. The results of this study provide insights into the mechanisms of P absorption and transport in cotton.