Micro-vibrations significantly influence the imaging quality and pointing accuracy of high-precision space-borne payloads. To mitigate this issue, vibration isolation technology must be employed to reduce the transmission of micro-vibrations to payloads. In this paper, a novel active–passive hybrid isolation (APHI) system based on a strain sensor is proposed for high-precision space payloads, and corresponding theoretical and experimental studies are implemented. First, a theoretical analysis model of the APHI system is established using a two-degrees-of-freedom system, and an integral control method based on strain sensing is presented. Then, an electromagnetic damper, active piezoelectric actuator, and strain sensor are designed and manufactured. Finally, an APHI experimental system is implemented to validate the effectiveness of electromagnetic damping and strain-sensing active control. Additionally, the control effects of acceleration, displacement, and strain sensors are compared. The results demonstrate that strain sensors can achieve effective active damping control, and the control method based on strain sensors can effectively suppress the payload response while maintaining stability. Both displacement and strain sensors exhibit superior suppression effects compared with the acceleration sensor, with the strain sensor showing greater potential for practical engineering applications than the displacement sensor.