The invention discloses porous lightweight concrete, and also discloses a preparation method thereof, and the porous lightweight concrete comprises 280-300 parts by weight of cement, 200-250 parts byweight of concrete slag, 40-45 parts by weight of sand, 900-1200 parts by weight of gravel, 30-40 parts by weight of fly ash, 80-100 parts by weight of water, 2-5 parts by weight of polypropylene fiber, 30-80 parts by weight of fine sand, 4-5.5 parts by weight of a binder, 2-5 parts by weight of a water reducer, 15-22 parts by weight of ferric sulfate, 500 to 800 parts by weight of a reinforcing agent, 3 to 5 parts by weight of carbonate, 300 to 400 parts by weight of steel slag, 8 to 10 parts by weight of diatomite, 150 tO250 parts by weight of a lotus leaf hydrophobing agent, 100 to 150 parts by weight of activated carbon and 320 to 340 parts by weight of toughening fiber. According to the method, the steel slag and the concrete slag are added in the preparation process of the concrete,and wastes such as the steel slag, the concrete slag and the like improve the compressive strength of the concrete, improve the mechanical properties such as shear resistance and the like, reduce thecost, and implement the national technical and economic policies of saving resources and green production.