Lead‐based halide perovskites have received great attention in light‐emitting applications due to their excellent properties, including high photoluminescence quantum yield (PLQY), tunable emission wavelength, and facile solution preparation. In spite of excellent characteristics, the presence of toxic element lead directly obstructs their further commercial development. Hence, exploiting lead‐free halide perovskite materials with superior properties is urgent and necessary. In this review, the deep‐seated reasons that benefit light emission for halide perovskites, which help to develop lead‐free halide perovskites with excellent performance, are first emphasized. Recent advances in lead‐free halide perovskite materials (single crystals, thin films, and nanocrystals with different dimensionalities) from synthesis, crystal structures, optical and optoelectronic properties to applications are then systematically summarized. In particular, phosphor‐converted LEDs and electroluminescent LEDs using lead‐free halide perovskites are fully examined. Ultimately, based on current development of lead‐free halide perovskites, the future directions of lead‐free halide perovskites in terms of materials and light‐emitting devices are discussed.