The invention relates to method for manufacturing strontium ferrite rubber plastic magnetic powder with low chlorine content, comprising the steps of: (1) taking 50-76% of iron ore concentrate powder, 10-30% of iron oxide red, 12-16% of strontium carbonate, 0-2% of calcium carbonate and 2-6% of strontium chloride for evenly mixing, and preparing into 7-15mm small balls; (2) presintering the small balls at 1100-1260 DEG C, carrying out heat preservation for 1-4h, cooling to the room temperature, and grinding into coarse powder of 4-8 microns; (3) adding antichlor with the weight accounting for 1-20% of the total weight of the coarse powder, grinding into power of 2-3 microns, stirring and cleaning the powder by water for 10-20min, and standing still; after the powder precipitates, removing the water at the upper layer; and finally, drying the precipitate at 180-400 DEG C, sieving at 70-80 meshes, and obtaining the strontium ferrite rubber plastic magnetic powder. The method combines dechlorination and crushing into grinding working procedure, reduces the chlorine content to 178ppm, saves the water consumption, and has the characteristics of simplifying the technique, being coarse in magnetic powder granularity, good processing performance, high magnetic property and low loss rate of magnetic powder.