To facilitate the manufacturing of the thin-walled components of 2219 aluminum alloy, the quenching–forming–aging (Q–F–A) process has been increasingly utilized. However, natural aging (NA) after quenching significantly affects the cold forming performance of this alloy. In this study, experiments are conducted to investigate the effect of NA time on the cold forming performance of 2219 aluminum alloy. The results indicate that NA can weaken the Portevin–Le Chatelier (PLC) effect, thereby reducing its influence on the cold forming performance of the alloy. The PLC effect becomes indistinct when the aging time reaches 2 years. The yield strength of 2219 aluminum alloy increases monotonically with aging time, while the elongation first increases rapidly and then decreases. After an aging time of 2 years, the yield strength increases by 28.6% from that of newly quenched alloys. The strain hardening index and hardening coefficient indicate that short-term NA (less than 4 days) increases the work hardening rate, while long-term NA reduces it. Microstructural analysis shows that the strengthening effect of NA on 2219 aluminum alloy is mainly due to the growth of G.P. zones and the precipitation of θ″ phases. The NA precipitation behavior can also cause the aggregation of solute atoms and weaken the PLC effect.