ObjectiveTo describe the ultrasound characteristics of nodular localized cutaneous neurofibroma (NLCN).Materials and MethodsClinical features and ultrasound characteristics of 43 lesions of 40 patients pathologically proven as NLCNs at Peking University Shenzhen Hospital from October 2014 to May 2022 were analyzed retrospectively. The location, length‐to‐thickness (L/T) ratio, thickness‐to‐width (T/W) ratio, shape, margin, capsule, echogenicity, echotexture, posterior features, vascularity, and “rat tail sign” were evaluated.ResultsAll ultrasound findings showed almost perfect agreement. More than a half of NLCNs (n = 24, 55.8%, p < 0.001) were located in the subcutaneous fat layer wholly with well‐demarcation from dermis and deep fascia. Most of the NLCNs were fusiform shape (n = 27, 62.8%, p < 0.001) in the long axis and oval shape (n = 35, 81.4%, p < 0.001) in the short axis. The other ultrasound findings of NLCNs included well‐defined (n = 42, 97.7%, p < 0.001), encapsulated (n = 39, 90.7%, p < 0.001), predominately hypoechoic (n = 34, 79.1%, p < 0.001), homogeneous (n = 39, 90.7%, p < 0.001), posterior enhancement (n = 29, 67.4%, p = 0.033), and avascularity (n = 37, 86.0%, p < 0.001). Only a quarter (n = 11, 25.6%, p = 0.002) of lesions were recognized with the “rat tail sign.”ConclusionNLCNs present as fusiform shape in long axis and round shape in short axis. The common ultrasound findings of NLCNs are well‐defined, encapsulated, predominately hypoechoic, homogeneous lesion with posterior enhancement, and poor blood supply. The “rat tail sign” has low sensitivity in NLCNs.