The invention discloses low-nickel type medium-chromium ferrite stainless steel and a manufacturing method thereof. The low-nickel type medium-chromium ferrite stainless steel comprises, by weight, 0.7%-1.2% of Ni, 0.002%-0.012% of C, 0.002%-0.020% of N, 0.10%-0.50% of Si, 0.1%-0.50% of Mn, 17.00%-22.50% of Cr, 1.70%-2.50% of Mo, 0.15%-0.45% of Nb, 0.05%-0.25% of Ti, 0.005%-0.010% of O, and the balance Fe and inevitable impurities. The following relational expressions are met, wherein (C+N) is smaller than or equal than 0.030%, Nb/Ti is equal to 1.5-4, and (Nb+Ti)/(C+N) is equal to 12-22. The low-nickel type medium-chromium ferrite stainless steel obtained through the method has excellent low-temperature toughness and high strength; the ductile-brittle transition temperature is smaller than or equal to -40 DEG C, the yield strength is larger than or equal to 330MPa, and strength of extension is larger than or equal to 445MPa; and the metallographic structure is a pure ferrite equiaxed grain structure.