Lead (Pb), as one of the main pollution elements, has resulted in large-scale soil pollution around the world. Even if phytoremediation can solve this problem, the selection of restoration potential plants has always been a scientific problem. As a multifunctional repair plant, Neyraudia reynaudiana can rehabilitate both polluted soils and slopes. N. reynaudiana has been widely used in terrain restoration in southern China before. This study was the first to study the growth and Pb absorption and enrichment capacity of N. reynaudiana in Xuzhou, north of the Yangtze River. In this study, N. reynaudiana was planted in soils with different lead concentrations, and the change of lead content in roots, shoots, and soils, as well as the redox enzyme, was tested and analyzed during each growth stage. The results showed that the roots could absorb Pb and transfer 79.45% to the shoots at most. With the growth of the plant, the ability to accumulate and transfer gradually increased. Moreover, when the soil Pb concentration was above 800 mg kg−1, the ability to accumulate by N. reynaudiana was significantly restrained. Furthermore, superoxide dismutase (SOD), catalase (CAT), ascorbate peroxidase (APX), and peroxidase (POD) first acted on the redox response in the initial phase, while increasing the pollutant concentration or the growth of N. reynaudiana in the later stage, and the glutathione reductase (GR) redox system continued to feed back on the lead stress. This study proved that N. reynaudiana is a kind remediation plant for lead pollution soil and could repair soil with a lead pollution concentration lower than 800 mg kg−1. The results provide a theoretical reference for clarifying the action mechanism and threshold value of N. reynaudiana in rehabilitating soil lead pollution and provide practical guidance for the planting proportion of N. reynaudiana.