The invention discloses a rabbit dung-Chinese herbal medicine organic-inorganic fertilizer which is prepared from the following raw materials in parts by weight: 60-80 parts of rabbit dung, 5-8 parts of Chinese herbal medicine, 10-20 parts of urban domestic garbage, 10-20 parts of remaining sludge from a sewage treatment plant, 10-20 parts of kitchen waste, 30-40 parts of potassium humate, 10-20 parts of lobster shell powder, 10-15 parts of volcanic ash, 10-20 parts of ammonia sulfate, 10-15 parts of potassium chloride and 10-20 parts of calcium superphosphate. The rabbit dung and Chinese herbal medicine organic-inorganic fertilizer is prepared by the steps of mixing the rabbit dung, the urban domestic garbage, the remaining sludge from the sewage treatment plant and the kitchen waste, performing combined fermentation, drying and crushing treatment, further mixing the treated mixture with Chinese herbal medicine extracts, the potassium humate, the volcanic ash and an inorganic fertilizer, pelleting and finally drying. After the rabbit dung-Chinese herbal medicine organic-inorganic fertilizer disclosed by the invention is applied, the physical and chemical properties of soil can be improved, the nutrient absorption of crops can be promoted, crop plants can thrive, the yield of the crops can be improved, the product quality can be improved, the loss of the fertilizer in the soil can be reduced, the release of the nutrients in the fertilizer can be controlled, the utilization rate of the fertilizer can be improved, the purposes of high yield and high quality can be reached, and the occurrence of diseases and insect pests of the crops can be further reduced.