The invention belonging to a low cost titanium alloy for sports products and other civil industries, relates to mezzo-forte high-ductility titanium alloy.The invention is characterized in that the components of the mezzo-forte high-ductility titanium alloy are aluminum of 2-4.5% by weight, molybdenum is 0.1-1.5% by weight, zirconium is 0.5-2% by weight, Fe is 0.1-1.5% by weight, and the rest is Ti and ineluctable foreign matters; the sum of each component content of the raw material is 100%. The manufacturing process comprises the following steps: batching according to a certain weight percentage, batch mixing and pressing to form consumable electrodes, performing a second smelting in the vacuum consumable arc furnace, and then making casting ingot into casting ingot boards.Because of the solution strength effect of aluminum, zirconium, molybdenum, vanadium, iron and the like, the titanium alloy of the invention can remain a definite strength level, the cost of the raw materials of the alloy can be reduced, cold working performance of the alloy is improved, the cold deformation amount is increased, the process flow is shortened, and correspondingly, the processing cost of the materials is reduced, processing performances of winding, bending, press forming and the like of the materials are improved, and shaping requirements of users can be further satisfied.