The rational design and development of highly efficient oxygen evolution reaction (OER) electrocatalysts is vital for the application of renewable energy devices. Recently, the strategy of defect engineering draws much attention due to its positive effect on regulating the electronic structure, and thus, promoting the electrocatalytic performance of various materials. In this review, the main focus is on the cation vacancy defects of transition metal‐based electrocatalysts; the latest progress in cation vacancy defect engineering for the electrocatalytic OER is summarized. The different effects of cation vacancy defects on OER are well discussed together with the reaction mechanism, mainly including improving the conductivity, optimizing the adsorption of key intermediates, guiding the surface reconstruction to form active species, and enhancing the long‐term stability. Then, methods to construct cation vacancy defects on different electrocatalysts and the characterization of cation vacancies are systematically introduced. Finally, the remaining challenges and future prospects of cation vacancy defect engineering for promoting OER performance are further proposed.