The light‐output and efficiency of perovskite based light‐emitting diodes (PeLEDs) is limited by hole injection and high leakage current, generated by a high hole injection barrier and poor perovskite morphology, respectively. Here, a feasible strategy is reported to overcome both constraints by introducing 2D black phosphorus (BP) as hole injection layer in the PeLED stack. A continuous film composed of high‐quality, ultrathin, and large BP sheets on top of poly(3,4‐ethylenedioxythiophene) polystyrene sulfonate simultaneously improves the hole injection and morphology of the green‐emitting inorganic CsPbBr3 perovskite. Inclusion of the BP enhances the external quantum efficiency of CsPbBr3 based PeLEDs from 0.7% to 2.8%.