The invention discloses an ultrahigh-strength corrosion-resistant rebar and a producing method thereof. The ultrahigh-strength corrosion-resistant rebar is prepared from, by mass percent, 0.21% to 0.27% of C, 0.50% to 0.80% of Si, 1.10% to 1.30% of Mn, 0.06% to 0.20% of V, 0.01% to 0.02% of Nb, 0.010% to 0.017% of N, 0.02% to 0.10% of Als, 0.01% to 0.07% of Ce, 0.20% to 0.43% of Cr, 0.20% to 0.45%of Cu, and / or 0.10% to 0.70% of Mo and the balance Fe and inevitable impurities. The producing method comprises the procedures of casting blank heating, casting blank rolling and after-rolling heat preservation. According to the ingredient design of the ultrahigh-strength corrosion-resistant rebar, low-content valuable alloy elements are adopted, the rolled rebar is covered with a heat preservation cover during cooling, and the obtained product has the beneficial effects of being good in mechanical property and corrosion resisting property and low in valuable alloy element content.