To push the commercialization of the promising photovoltaic technique of perovskite solar cells (PSCs), the three‐element golden law of efficiency, stability, and cost should be followed. As the key component of PSCs, hole‐transporting materials (HTMs) involving widely‐used organic semiconductors such as 2,2′,7,7′‐tetrakis‐(N,N‐di‐4‐methoxyphenylamino)‐9,9′‐spirobifluorene (Spiro‐OMeTAD) or poly(triarylamine) (PTAA) usually suffer high‐cost preparation and low operational stability. Fortunately, the studies on the classical p‐type polymer poly(3‐hexylthiophene) (P3HT) as an alternative HTM have recently sparked a broad interest due to its low‐cost synthesis, excellent batch‐to‐batch purity, superior hole conductivity as well as controllable and stable film morphology. Despite this, the device efficiency still lags behind P3HT‐based PSCs mainly owing to the mismatched energy level and poor interfacial contact between P3HT and the perovskite layer. Hence, in this review, the study timely summarizes the developed strategies for overcoming the corresponding issues such as interface engineering, morphology regulation, and formation of composite HTMs from which some critical clues can be extracted to provide guidance for further boosting the efficiency and stability of P3HT‐based devices. Finally, in the outlook, the future research directions either from the viewpoint of material design or device engineering are outlined.