The static aqueous rechargeable Zn–Iodine batteries (ARZiBs) have been studied extensively because of their low‐cost, high‐safety, moderate voltage output, and other unique merits. Nonetheless, the poor electrical conductivity and thermodynamic instability of the iodine cathode, the complicated conversion mechanism, and the severe interfacial reactions at the Zn anode side induce their low operability and unsatisfactory cycling stability. This review first clarifies the typical configuration of ARZiBs with a focus on the energy storage mechanism and uncovers the issues of the ARZiBs from a fundamental point of view. After that, it categorizes the recent optimization strategies into cathode fabrication, electrolyte modulation, and separator/anode modification; and summarizes and highlights the achieved progress of these strategies in advanced ARZiBs. Given that the ARZiBs are still at an early stage, the future research outlook is provided, which hopefully may guide the rational design of advanced ARZiBs.