Pulsed electroacoustic (PEA) method, dielectric analyzer, and high resistance meter were used to research the DC breakdown, space charge behavior, permittivity, loss tangent, and volume resistivity of neat low density polyethylene (LDPE) and LDPE/MgO nanocomposites with concentration of 1, 3, and 5 wt% with and without the elongation ratio of 1.1. Results indicate that the DC breakdown strengths of neat LDPE and nanocomposites decrease after stretching. The heterocharges near electrodes in neat LDPE change to homocharges after stretching and a large amount of positive and negative charges accumulated in samples with concentration of 3 and 5 wt%. Meanwhile, homocharges near cathode electrode in nanocomposite with concentration of 1 wt% decrease a little and a small amount of positive charges were observed in the samples after stretching. Furthermore, there are different increases in amplitudes of permittivity in all the samples after stretching, as well as the loss of tangents especially in the frequency domain from 10 −1 to 10 2 Hz. The results of volume resistivity show that comparing with the nanocomposite with the concentration of 1 wt% whose volume resistivity decrease after stretching, larger volume resistivity is observed in neat LDPE and nanocomposites with the concentration of 3 and 5 wt%.