The invention relates to an alloy magnetocaloric material for magnetic refrigeration at a room temperature as well as a preparation method and application thereof. A chemical general formula of the material is MnCo1-xTixGe, wherein x is 0.02 to 0.08; the atomic percentage of a manganese element in the material is 33.3 to 34.4 percent; the atomic percentage of a cobalt element is 32.8 to 33.3 percent; the atomic percentage of a titanium element is 0.6 to 2.7 percent; and the atomic percentage of a germanium element is 30.2 to 32.7 percent. During preparation, reactants are added into a vacuum electric arc furnace; the vacuum electric arc furnace is vacuumized to 10<4> Pa or below, and high-purity argon gas is introduced; samples are melted for 2 to 5 times repeatedly; samples are taken out and cooled, and then put into a high-temperature resistant quartz glass test tube for vacuumizing; the high-purity argon gas is introduced to clean the gas and then put into a furnace type box; and the samples are taken out and annealed to obtain a finished product. Compared with the prior art, the alloy magnetocaloric material disclosed by the invention is a secondary phase change material, and has the characteristics of small heat stagnation and large regulated temperature zones; moreover, the problem of the heat stagnation caused by a primary phase change material can be effectively avoided; and a preparation process has simple steps, the condition controllability is good, and the material has good application prospect.