The invention discloses rare-earth-type 0Cr17Ni4Cu4Nb martensitic precipitation-hardening stainless steel. The rare-earth-type 0Cr17Ni4Cu4Nb martensitic precipitation-hardening stainless steel is characterized by comprising the following chemical components in percentage by weight: less than or equal to 0.07% of C, less than or equal to 1% of Si, less than or equal to 1% of Mn, less than or equal to 0.035% of P, less than or equal to 0.03% of S, 3.00-5.00% of Ni, 15.5-17.5% of Cr, 3.00-5.00% of Cu, 0.15-0.45% of Nb, 0.05-0.25% of Re and the balance of Fe and belongs to the field of alloy steels. The invention also discloses a preparation method of the rare-earth-type 0Cr17Ni4Cu4Nb martensitic precipitation-hardening stainless steel. The preparation method comprises the steps of smelting, casting, carrying out electroslag remelting, casting ingots, forging or rolling, carrying out solution treatment and the like. The rare-earth-type 0Cr17Ni4Cu4Nb special steel, which is disclosed by the invention, as one of precipitation-hardening martensitic stainless steel, has the characteristics of high strength, high hardness, corrosion resistance and the like and is suitable for various technical fields, such as chemical machinery, food machinery, papermaking machinery, aerospace and marine.