A node localization method and device are disclosed. The method includes: determining a first set of radio signal measurement values that can be received by each known-location node of at least one known-location node, and determining a second set of radio signal measurement values that can be received by a to-be-localized node; determining, according to the radio signal measurement values included in the first set that respectively correspond to each known-location node and the radio signal measurement values included in the second set, a weighting coefficient corresponding to each known-location node (101); and determining location information of the to-be-localized node according to the weighting coefficient corresponding to each known-location node and location information of each known-location node (102).