The invention discloses an iron tailings baking-free brick and a preparation method thereof. The iron tailings baking-free brick is prepared from the following main raw materials in percentage by mass: 50 to 70 percent of iron tailings, 5 to 8 percent of iron ore waste stone nitrate, 5 to 8 percent of steel slag, 15 to 20 percent of cement, 2 to 5 percent of gypsum, 1 to 3 percent of adhesive, 3to 5 percent of straw and 10 to 15 percent of water. The preparation method comprises the following steps: carrying out primary machining on the raw materials, burdening in proportions after meeting abrick-making requirement, then uniformly mixing and stirring, carrying out compression molding under the molding pressure of 20 to 25 MPa, and naturally curing for 21 days at normal temperature, thuspreparing the iron tailings baking-free brick. According to the iron tailings baking-free brick disclosed by the invention, the problems that an iron tailings baking-free brick prepared in an original mode is easy to crack, easy to shrink and low in strength can be favorably improved, the strength can be up to MU20 grade or above, and the iron tailings baking-free brick has the characteristics ofhigh rate of qualified products, high strength, no need of autoclaved curing, low brick-making cost and the like, is a novel building material for partially replacing sintered clay bricks, is beneficial for increasing the resource utilization rate, reducing land occupation of tailings and improving the environment, and has good economic benefit and good social benefit.