The invention relates to a clay light-weight brick and a preparation method thereof. The technical scheme is as follows: the preparation method comprises the following steps of: firstly applying 30-40wt% of kyanite or flint clay, 35-45wt% of coal ash and 15-35wt% of plastic clays as raw materials, additionally adding 35-55wt% of pore-forming agents of the raw materials or 2-4wt% of polystyrene spheres, then additionally adding 6-10wt% of bonding agents of the raw materials, uniformly mixing, granulating, drying, and baking at 120-300 DEG C to prepare clay light-weight aggregates; then applying 10-20wt% of first-stage aggregates, 20-30wt% of second-stage aggregates, 15-25wt% of three-stage aggregates, 15-25wt% of the coal ash, 10-20wt% of the kyanite or the flint clay and 10-20wt% of the plastic clays as mixed materials, additionally adding 40-60wt% of the pore-forming agents of the mixed materials or 2-4wt% of the polystyrene spheres, then additionally adding 5-15wt% of the bonding agents of the mixed materials, uniformly mixing, forming, drying, and keeping temperature at 1200-1400 DEG C for 3-10 hours. The preparation method disclosed by the invention has the advantages of low cost, energy conservation and environmental friendliness; the product prepared through the method disclosed by the invention has the advantages of low volume density, good compressive strength as well as small linear changing rate and low heat conduction coefficient after being burnt.