The invention provides a deoxidization corrosion inhibitor as well as a preparation method and application thereof and relates to the technical field of water treatment. The deoxidization corrosion inhibitor is mainly prepared from raw materials such as a pretreatment filming agent, a deoxidizing agent, an inhibitor, a pH regulator and water, wherein the deoxidizing agent comprises erythorbic acidand / or sodium erythorbate; and the inhibitor comprises sodium epoxysuccinate, sodium hexametaphosphate and polyaspartic acid. Due to the synergistic effect of all the raw materials, the obtained deoxidization corrosion inhibitor is capable of rapidly removing dissolved oxygen in boiler water, solving the corrosion problem of a boiler, a pipeline and a heat exchanger, keeping the oxygen content ofthe boiler water within a natural standard range after being used, reducing the hardness of the boiler water and reducing the formation of water scales, and meanwhile, the deoxidization corrosion inhibitor is safe, nontoxic, incapable of increasing environment pollution and capable of adapting to various requirements for water quality. In addition, the invention further provides a preparation method of the deoxidization corrosion inhibitor, and the preparation method is simple, easy and suitable for large-scale industrial production.