The invention provides a microwave aging treatment method for cobalt-based rare earth permanent magnetic materials. Cobalt-based rare earth permanent magnetic material sintered blanks prepared by a powder metallurgy method are treated in a second-stage artificial aging or multi-stage artificial aging manner after the heating and the heat preservation in a microwave manner; by utilizing the high-frequency electromagnetic field of microwaves, on one hand, the electron spin magnetic moment orientation of 3d casing layers of transition metals in alloys is affected, the bonding energy between the transition metals and rare earth metals is weakened, the nucleation potential barriers of new Sm2Co17R phrases and SmCo5 phrases are reduced, nanocrystalline particles containing the Sm2Co17R phrases and the SmCo5 phrases are beneficial to form, and high saturation magnetization intensity and high mechanical property can be obtained; on the other hand, the microwaves can be converted into the diffused energy of atoms, the diffused speed of the atoms is increased, the sintering progress is accelerated, and the cell-shaped structures are refined. For the rare earth permanent magnetic materials treated by the method, the cell-shaped structures can be small and uniform. The method can be applied to prepare rare earth permanent magnetic materials which contain Sm (samarium), Co (cobalt), Fe (ferrum), Cu (copper), Zr (zirconium) or Ti (titanium) and have good mechanical property and high mechanical property, so that the method is suitable for industrialized application.