The invention discloses a reduced graphene modified nickel-iron hydroxyl oxide electrode as well as a preparation method and application thereof. The preparation method comprises the following steps: coating conductive glass with an ethanol solution of graphene oxide by virtue of a spin-coating method, putting the conductive glass in a nitrogen atmosphere, heating to 450-550 DEG C, holding the temperature for 2-3 hours, and cooling to the room temperature, so as to obtain a reduced graphene electrode; constructing a three-electrode system by taking the reduced graphene electrode as a working electrode, a platinum sheet as a counter electrode and a saturated calomel electrode as a reference electrode, settling nickel-iron hydroxyl oxide by taking a water solution containing ferric trichloride, nickel chloride, sodium fluoride, potassium chloride and hydrogen peroxide as electrolyte through a cyclic voltammetry, taking out the working electrode, washing, and drying, so as to obtain the reduced graphene modified nickel-iron hydroxyl oxide electrode. By modifying the nickel-iron hydroxyl oxide electrode by virtue of reduced graphene, the conductivity of the nickel-iron hydroxyl oxide is improved, the specific surface area of the electrode is increased, reaction active sites are increased, and electro-catalysis oxygen evolution reaction is promoted.