The invention provides EPS (Expandable Polystyrene) lightweight aggregate concrete and a preparation method thereof. The EPS lightweight aggregate concrete effectively meets the requirements of concrete on light weight, uniformity and density in the aspect of structure, and simultaneously has excellent comprehensive properties; the volume weight of the EPS lightweight aggregate concrete is higher than 650 kg / m<3>, the cube compressive strength can reach 1.6MPa, the strength meets the service requirements, and the lightweight aggregate concrete has excellent thermal properties and durability; and shown in a compression test, the concrete has larger deformation before the concrete is damaged due to deformation, so that the toughness of the concrete is improved. The lightweight aggregate concrete comprises the following raw materials in parts by weight: 350 parts of cement, 90-120 parts of fly coal ash, 30-70 parts of silica fume, 120-140 parts of river sand, 190-210 parts of water, 15-21 parts of EPS grains, 40-60 parts of perlite and 12-18 parts of polymer emulsion. The preparation method comprises the steps of crusting, slurry wrapping, mixing, forming and curing. The lightweight aggregate concrete obtained according to the mixture ratio and the preparation method is uniform and dense in structure, and various properties meet the design requirements, so that the EPS lightweight aggregate concrete has better application prospects.