The LLC resonant converter, which is extensively utilized across various industrial fields, significantly depends on its parameters for performance optimization. This paper establishes a time-domain analytical model for the LLC resonant converter under Pulse Frequency Modulation (PFM) and proposes a multi-objective parameter optimization design method with stepwise constraints. The proposed method limits the resonant capacitor voltage while ensuring that the converter meets the voltage gain requirement and realizes Zero-Voltage Switching (ZVS). The converter’s performance is then optimized with the objective of minimizing the switching frequency range, the resonant inductor current, and the RMS value of the switching current on the secondary side. Compared with the existing methods, the proposed method has the advantages of comprehensive consideration and wide application scenarios. Finally, a 1200 W experimental prototype was fabricated, with experimental results verifying the feasibility of the proposed optimization design method and demonstrating that the prototype’s maximum efficiency reaches 96.54%.