The invention provides a technology device and method for preparing propylene by dehydrogenating propane or propane-enriching low carbon hydrocarbon. The device comprises a reacting/regenerating part and a product fractionating part. A reacting/regenerating system is divided into a parallel type arrangement scheme and a coaxial type arrangement scheme by a fluidized bed reacting/regenerating technology, wherein a raising pipe of the parallel type reacting/regenerating system is an internal or external raising pipe, and a raising pipe of the coaxial type reacting/regenerating system is an external raising pipe. The method comprises the steps: leading raw materials and reaction products to enter into a raising pipe reactor after heat exchange; performing a dehydrogenating conversion reaction under the conditions that the reaction temperature is 500-700 DEG C, the pressure is 0.1-0.4MPa, and the ratio of a microspherical catalyst to oil is 5-60, wherein the microspherical catalyst consists of chromium, rare earth oxides, alkali metal oxides and a gamma-Al2O3 carrier, preferably, the temperature is 550-670 DEG C, the pressure is 0.1-0.15MPa, and the ratio of the microspherical catalyst to oil is 6-14; leading the reaction products and the raw materials to enter into a gas-oil separator to separate a gas phase, a liquid phase from a water phase after heat exchange and cooling; leading the separated gas to enter into a gas compressor to be compressed and be transported to an absorbing/stabilizing part; pumping the liquid to an absorbing tower; transporting the liquefied gas from a return tank at the top of a stabilizing tower to a propylene/propane separating tower by a charging pump of a propylene tower; discharging the fine propylene separated from the top of the tower out of the device as a product; discharging the separated byproduct hydrogen out of the device; and returning products at bottom of the tower to the reacting/regenerating part to be recycled.