Cu-30Ni-xRE (x=0-0.213) alloys were prepared by a metal mould casting method. The effect of RE on the microstructure and mechanical properties of the alloys was investigated using optical microscope, scanning electronic microscope with energy-dispersive spectrometer, X-ray diffraction, and mechanical test. The results show that RE has obvious effect on refining dendrite structure and grain size, as well as on purifying the melting of Cu-30Ni alloy. With the increase of RE content, the ultimate tensile strength, yield strength, and elongation increase at first and then decrease after adding RE more than 0.095 wt.%. Cu-30Ni-0.095RE alloy possesses preferable mechanical properties, i.e., the ultimate tensile strength, yield strength, and elongation are 308 MPa, 125 MPa, and 51.2%, respectively. The microstructure and mechanical properties are worsened with increasing RE content more than 0.095 wt.%. The improvement of mechanical properties of Cu-30Ni-0.095RE alloy is attributed to RE refining microstructure and purifying the matrix.