The invention discloses a vibration sensing device based on a photoelectric oscillator, and the device comprises a laser, a one-in-two optical coupler, an optical phase shifter, a sensing head, a polarization controller, a Mach-Zehnder modulator, a two-in-one optical coupler, an energy-storage optical fiber, a photoelectric detector, a band-pass filter, a radio frequency amplifier, a 3dB power divider, a reference oscillator, a frequency mixer, a low-pass filter, an analog-to-digital converter, and an upper computer. According to the invention, one arm of the Mach-Zehnder modulator serves as the sensing head, thereby improving the sensitivity of vibration signal detection, and improving the detection precision. Compared with other passive optical fiber sensors, the device enables vibration information to be coded on the frequency of the vibration signal not the intensity, so the device is not sensitive to the impact from the power fluctuation of a light source. Compared with an optical fiber based on an optical fiber laser, the device is higher in sensitivity, and the sensitivity of the device is not related with the oscillation frequency. The device can be implemented through a low-cost low-frequency device, and is high in practicality.