The invention provides a rolling bearing slip rate evaluation method based on vibration information demodulation analysis, which uses a vibration sensor to collect high-frequency vibration signals, and simultaneously uses a key phase sensor to synchronously collect key phase signals, and obtains the packet of the original signal through Hilbert transform. The envelope demodulation signal, and then use the key phase information to perform linear equiangular interpolation on the envelope demodulation signal, obtain the envelope signal of the narrow-band impact by setting the narrow-band filter, and calculate its phase, use the phase calculation of the narrow-band impact envelope signal, etc. Using the equivalent reference shaft phase and speed, the envelope order spectrum analysis is performed again using the equivalent reference shaft phase, and the slip rate of the bearing is calculated using the equivalent reference shaft speed. The present invention can effectively suppress the order migration caused by slipping And fuzzy phenomenon, enhance the fault characteristics, and can estimate the bearing slip rate, and the evaluation accuracy is high.