As an important air pollutant, volatile organic compounds (VOCs) pose a serious threat to the ecological environment and human health. To achieve energy saving, carbon reduction, and safe and efficient degradation of VOCs, ambient temperature catalytic oxidation has become a hot topic for researchers. Firstly, this review systematically summarizes recent progress on the catalytic oxidation of VOCs with different types. Secondly, based on nanoparticle catalysts, cluster catalysts, and single-atom catalysts, we discuss the influence of structural regulation, such as adjustment of size and configuration, metal doping, defect engineering, and acid/base modification, on the structure–activity relationship in the process of catalytic oxidation at ambient temperature. Then, the effects of process conditions, such as initial concentration, space velocity, oxidation atmosphere, and humidity adjustment on catalytic activity, are summarized. It is further found that nanoparticle catalysts are most commonly used in ambient temperature catalytic oxidation. Additionally, ambient temperature catalytic oxidation is mainly applied in the removal of easily degradable pollutants, and focuses on ambient temperature catalytic ozonation. The activity, selectivity, and stability of catalysts need to be improved. Finally, according to the existing problems and limitations in the application of ambient temperature catalytic oxidation technology, new prospects and challenges are proposed.