Provided are a method and device for magnetic resonance parameter imaging, medical equipment, and a storage medium. The method comprises: performing acceleration sampling with respect to an image to be reconstructed of an observation target in a preset parameter direction to acquire K-space data corresponding to the image to be reconstructed, calculating, on the basis of the K-space data and of a parameter relaxation model, a parameter value and a compensation coefficient of the image to be reconstructed, generating, on the basis of the compensation coefficient, a compensation image corresponding to the image to be reconstructed, calculating, on the basis of the compensation image, respectively a low-rank part and a sparse part of the image to be reconstructed so as to update the compensation image.