The invention discloses a radiation-free multi-component rare earth tungsten electrode material and a preparing method thereof. The radiation-free multi-component rare earth tungsten electrode material contains lanthanum oxide, zirconia, yttrium oxide, lutecia, rhenium and tungsten. The mass percent of each rare earth oxide in the material is 0.5-1.5%, the mass percent of the total quantity of the rare earth oxide in the material is 2-3%, the mass percent of alloy element rhenium in the material is 1-4%, and the balance is tungsten. The preparing method for the radiation-free multi-component rare earth tungsten electrode material comprises the procedures of solution disposition, drying, reduction, isostatic cool pressing, sintering, vertical melting, medium frequency induction annealing, B202 rotary forging, B201 rotary forging, drawing, straightening, cutting, polishing and grinding. The prepared radiation-free multi-component rare earth tungsten electrode material is easy to machine and better in use performances.