The invention provides a method for recovering iron, vanadium and chromium in vanadium-titanium magnetite concentrate, which comprises the following steps: milling the vanadium-titanium magnetite concentrate, carrying out magnetic separation, directly reducing iron, milling, carrying out magnetic separation to obtain an iron powder product and tailings, and treating the tailings by the following steps: pelletizing, roasting, leaching while stirring, boiling the leaching liquor, simultaneously adding sulfates, cooling to crystallize and precipitate to obtain polyvanadates and liquor containing chromium, adding ferric sulfate into the liquor containing chromium to reduce chromium, and adding Ca(OH)2 to generate Cr(OH)3 precipitate. The method can be used for synchronously and effectively recovering multiple valuable metals, such as iron, titanium, vanadium and chromium, in the vanadium-titanium magnetite concentrate so as to produce products with high added value, such as high-quality reduced iron powder, red vanadium, chromium, titanium and the like, thereby sufficiently and effectively utilizing the limited ore resources in a reasonable way. The metal recovery rate of the method is high, wherein the recovery rate of iron is higher than 90%, the recovery rate of vanadium is higher than 80%, the recovery rate of chromium is higher than 78%, and the recovery rate of titanium is higher than 90%. The method is not involved with the use of coke, and has the advantages of low power consumption and no environment pollution.