The invention discloses an Mg<2+>, Al<3+>, Zr<4+> and S<2-> ion co-doped garnet type solid electrolyte Li5La3Nb2O12 which is characterized by comprising the stoichiometric equation: Li[5+x+2y+z]La[3-x]MgxAlyZrzNb[2-y-z]O[12-m]Sm, wherein x is equal to 0.1-0.5, y is equal to 0.1-0.2, z is equal to 0.1-0.2, and m is equal to 0.1-0.3; and the solid electrolyte is formed by uniformly mixing Li2CO3, La2O3, MgO, Al2O3, ZrO2, Nb2O5 and thiourea in the molar ratio of (2.7-3.05):(1.25-1.45):(0.1-0.5):(0.05-0.1):(0.1-0.2):(0.8-0.9):(0.1-0.3), and ball milling, pressing and sintering. According to the invention, the lithium-ion conductivity greater than 10<-4>S/cm can be obtained at room temperature.