The invention relates to a composite geopolymer lightweight moisture-regulating material and a preparation method thereof, and belongs to the technical field of composite materials. The moisture-regulating material is prepared from the following components: 100 parts by mass of a cementitious material, 105-115 parts by mass of an activator, and a light aggregate having the amount accounting for 2-5 times the volume of metakaolin, wherein the cementitious material is composed of 70-90 parts by mass of metakaolin and 10-30 parts by mass of modified diatomite, and the light aggregate is polystyrene particles. The preparation method comprises the steps: firstly, stirring solid powder evenly, adding the liquid activator, fully stirring in a concrete stirrer, then adding the polystyrene particles, stirring evenly, pouring into a mould smeared with demoulding oil in advance, placing the mould on a horizontal table top, allowing to stand, curing at room temperature for 1 d, then demoulding totake out a plate-shaped finished product. The prepared moisture-regulating material has the characteristics of high efficiency moisture absorption and desorption, light weight, heat preservation and high strength, no pollution in the preparation process, low energy consumption, no needing of pressure forming and simple process.