The invention provides a visible-light response type neodymium-doped bismuth ferrite nanometer photocatalyst. The neodymium-doped bismuth ferrite nanometer photocatalyst is characterized in that the chemical formula is Bi(1-x)NdxFeO3(0<x<=0.02), the photocatalyst is of a porous nanometer structure, and the particle size is within the range of 100-300 nm. Meanwhile, the invention further provides a preparation method of the nanometer photocatalyst. The preparation method is characterized in that ferric nitrate, ferric nitrate and neodymium nitrate are dissolved into an ethylene glycol proportionally to form a solution, a proper amount of tartaric acid is added to be used as a chelating agent, uniform mixing is performed, heating is performed to form sol to be dried, roasting is performed after grinding is performed, and then neodymium-doped bismuth ferrite nanometer powder can be obtained. The obtained neodymium-doped bismuth ferrite nanometer photocatalyst has the good visible-light response and light catalytic performance, the preparation method is simple, the technological conditions are easy to regulate and control, the cost is low, no pollution is caused, and industrial production, application and popularization are easy.