Three new neutral and ionic phosphorescent iridium(III) complexes were successfully prepared using 1‐(6‐methoxynaphthalen‐2‐yl)isoquinoline as the main ligand, while the auxiliary ligand was 2‐(2‐1H‐imidazolyl)pyridine. Three complexes (Ir1, Ir2, Ir3) showed red emission, peaking at 610, 609, and 615 nm, respectively, and they exhibited good solubility and excellent photophysical properties in different solvents, which is suitable to prepare organic light‐emitting diodes (OLEDs) by solution method. Among the three OLEDs prepared by iridium(III) complexes using the solution method, the device based on Ir2 possessed better electroluminescent properties, and its maximum brightness, current efficiency (CE), power efficiency (PE), and the maximum external quantum efficiency (EQE) were 507.2 cd m−2, 0.14 cd A−1, 0.06 lm W−1, and 0.14%. respectively, proving that the three complexes have a certain of potential for OLEDs applications and are expected to expand the applications of iridium(III) complexes for OLEDs.