In order to explore a medium material for the efficient treatment of Pb(II) pollutants in groundwater, in this paper, mudstone is selected as the medium material, and the morphological structure of the mudstone is characterizes via X-ray diffraction (XRD), scanning electron microscopy (SEM), and Brunauer–Emmett–Teller (BET) analyses to study the feasibility of the mudstone adsorbing Pb(II) ions. Then, static adsorption experiments are carried out to investigate the removal effect of mudstone on Pb(II) in aqueous solutions under different conditions and to determine the optimal adsorption conditions. Finally, the results are fitted and analyzed using a thermodynamic model to explore the adsorption mechanism of the mudstone. The main results of this study are as follows. The main mineral composition of the mudstone used in the experiments includes CaCO3, SiO2, CaAl2O4·10H2O, and CaFe4O7. The specific surface area of the mudstone is as high as 23.027 m2·g−1, the pore size is 9.145 nm, and its surface structure is rough, with pores and fissures developed. The pore space and adsorption capacity of the mudstone were enhanced. When 1 g·L−1 of mudstone was added, the pH value of the solution was 6, the reaction time was 60 min, and the initial concentration of Pb(II) was 30 mg·L−1. The removal efficiency of Pb reached 84.5%, and the adsorption amount was 25.352 mg·g−1. For the removal of Pb(II) from the aqueous solution by the mudstone under different concentrations of Pb(II), the reaction was in accordance with the Langmuir adsorption isotherm model, and the maximum adsorption amount reached 54.975 mg·g−1. The relationship between the removal of Pb(II) and the reaction time was in accordance with the pseudo-second-order rate model. The results of this study suggest that mudstone can be used for the removal of Pb(II) from aqueous media.