The invention provides a rectangular pipe jacking construction method for an outlet and inlet channel of a subway station. The construction method specifically comprises the steps of constructing an initial well and a receiving well, calculating and determining jacking parameters, smearing wax on the outer wall of a pipe before jacking, connecting a head of a pipe jacking machine and three adjacent pipe sections into a whole during jacking, simultaneously injecting pressure injection thixotropic slurry into the back of the pipe sections in the jacking process, and arranging a stopping device to prevent the pipe jacking machine from retreating; erecting a receiving platform to receive the pipe jacking machine, after the jacking construction is finished, plugging pipe section gaps and the gaps between the pipe sections and two end openings, and finally adding cement slurry to replace the thixotropic slurry to consolidate a pipe jacking channel. It is ensured that the underground pipelinedoes not settle, crack, leak or the like, and compared with construction of a traditional open excavation method, the construction method has the advantages of small environmental impact, safe construction, simple operation, single procedure, low manufacturing cost, cost saving and good popularization significance.