The invention discloses a free-float-type underground water quality online intelligent monitoring device which comprises a lifting support, a float device, a fixed pulley block, a counterweight disc, a control box, a cable location card and a power distribution box. An interaction fixed pulley block is arranged at the top of the lifting support, and a three-point-type lifting rope is arranged on the float device and is connected with the counterweight disc through the interaction fixed pulley bock. The fixed pulley block can be adjusted automatically and manually. The device adopts the simple dynamic balancing principle, and is simple in manufacture, small in occupation, capable of being disassembled and assembled quickly and high in practicability. A support installation mode is adopted to replace the station house type device installation mode, and a probe adopts the free float type probe, so that pollution substances in underground water including light non-aqueous liquid LNAPLs can be monitored accurately and timely in real time. Unattended operation is achieved, a sensor is not affected by external environment, the analyzing process is safe, accurate and reliable, a pollution source can be found favorably as early as possible, and the pollution source can be achieved. The online intelligent monitoring device can achieve well social benefit, environment benefit and economical benefit.