The invention provides a controllable low-strength backfill material and a preparation method thereof. The controllable low-strength backfill material is prepared by adding fly ash, cement, water, a water reducing agent and a soil dispersing agent into a basic raw material and fully and uniformly mixing the mixture, wherein the basic raw material is a mixture of crushed engineering residue soil, mixing plant waste residues and sludge. The prepared controllable low-strength backfill material comprises the following components in parts by weight: 30-45 parts of engineering residue soil, 20-30 parts of mixing plant waste residues, 10-20 parts of sludge, 5-10 parts of fly ash, 5-20 parts of cement, 10-25 parts of water, 0.1-2 parts of a water reducing agent and 0.1-2 parts of a soil dispersing agent. Through the mode, the synergistic effect of all the raw materials can be fully utilized, the utilization rate of waste resources is effectively increased, meanwhile, the backfill material which is high in flow state, self-compacting and controllable in unconfined compressive strength is prepared, and the requirements of practical application are met.