Polyacrylate latexes present good film-forming property, and therefore are used in a wide range of applications including coatings, adhesives, additives for paper, textiles, wood, and leather. However, some drawbacks, such as poor elasticity and low hardness have restricted their applications. This review summarizes recent development of polyacrylate latexes modified by polyurethane, organic fluorine, and inorganic nanoparticles, separately, which most often exhibit superior properties to those of their individual components. For each modification method, a comment is given based on our knowledge and related research experience. At last, some perspectives on the future research and development of modification of polyacrylate latexes are concluded.