As the rapid growth of the lithium‐ion battery (LIB) market raises concerns about limited lithium resources, rechargeable sodium‐ion batteries (SIBs) are attracting growing attention in the field of electrical energy storage due to the large abundance of sodium. Compared with the well‐developed commercial LIBs, all components of the SIB system, such as the electrode, electrolyte, binder, and separator, need further exploration before reaching a practical industrial application level. Drawing lessons from the LIB research, the SIB electrode materials are being extensively investigated, resulting in tremendous progress in recent years. In this article, the progress of the research on the development of electrode materials for SIBs is summarized. A variety of new electrode materials for SIBs, including transition‐metal oxides with a layered or tunnel structure, polyanionic compounds, and organic molecules, have been proposed and systematically investigated. Several promising materials with moderate energy density and ultra‐long cycling performance are demonstrated. Appropriate doping and/or surface treatment methodologies are developed to effectively promote the electrochemical properties. The challenges of and opportunities for exploiting satisfactory SIB electrode materials for practical applications are outlined.