The invention relates to a chondrogenic differentiation culture medium and application thereof. The chondrogenic differentiation culture medium is composed of a basic culture medium and additive components, and comprises the components of an inorganic salt component, an amino acid component, a vitamin component, a microelement component, carbohydrate, TGF-[beta]3, BMP-6, BMP-2, human serum albumin, dexamethasone, magnesium ascorbyl phosphate, recombinant human insulin, recombinant human transferrin, selenic acid and linoleic acid. The invention further provides application of the chondrogenicserum-free differentiation culture medium for mesenchymal stem cells. The chondrogenic differentiation culture medium is definite in component, free of animal-derived components and serum and safer, and the components can efficiently induce differentiation of the mesenchymal stem cells to chondrocytes under the synergistic effect.