The present invention discloses a preparation method of a low-cost feed for freshwater shrimps. The preparation method comprises the following steps: trace elements, vitamins, shrimp head powder, tryptophan, phenylalanine, medical stone powder, soybean oil and water are mixed evenly to obtain a premix; fish meal, laminaria japonica powder, earthworm powder, animal internal organs, sesame seed meal, semen euryales powder, lotus root starch, dried water hyacinth powder, high-gluten flour and the premix are mixed, the mixture is crushed, a moisture content is adjusted, the mixture is stirred evenly, steam is ventilated to conduct a curing, a compound binder is added, the materials are granulated and the granulated materials are cooled to obtain the low-cost feed for the freshwater shrimps. The provided preparation method of the low-cost feed for the freshwater shrimps is simple and convenient in method, and can effectively control costs of the feed, and the obtained feed for the freshwater shrimps is scientific and reasonable in formula, can meet needs of growth of the freshwater shrimps in each stage, effectively improves meat quality and nutrition value of the freshwater shrimps, and promotes the growth of the freshwater shrimps.