If recycled concrete is to be widely, reasonably, and safely applied in practical engineering, the study of bond‐slip performance between steel bars and concrete is crucial. In this paper, the central pull‐out test of recycled concrete under different loading rates was conducted. The characteristics of failure mode and crack directions of the specimens were observed and analyzed. The ultimate bond strength and slip displacement between rebar and concrete were analyzed. The effects of three parameters, namely concrete strength grades, replacement percentage of recycled coarse aggregate, and loading rates on the failure modes and bond‐slip mechanical properties of recycled concrete, were analyzed and summarized. The experimental results showed that there were significant differences in the influence trend and amplitude of the above three parameters on the ultimate bonding strength, slip amount, and slip curve. Based on the above experimental and theoretical analysis, a reasonable bond‐slip constitutive model was established in this paper and was in good agreement with the experimental results.