The invention is suitable for the technical field of communication, and provides a method of acquiring an IP address, a terminal device and a storage medium, wherein the method comprises the followingsteps: after receiving an order of acquiring the IP address, based on a preset priority level, sending a request information of acquiring the IP address to a DHCP server; if a response information which contains the IP address and is returned by the DHCP server is not received within a preset response time, downgrading the priority level; and based on the downgraded priority level, sending the request information of acquiring the IP address to the DHCP server. Through the method, the terminal device and the storage medium provided by the invention, an IP address acquisition success rate of the terminal device can be improved.