Sr2V2O7 (SVO) microwave dielectric ceramics were fabricated through a conventional solid-state synthesis method and sintered at 900–1000 °C for 10 h. The crystal structures and morphologies of the SVO samples were examined via X-ray diffraction and scanning electron microscopy. These analyses revealed that the SVO sample sintered at 950 °C exhibited high crystallinity and a triclinic crystal system. Through the lens of lattice dynamics, the phonon characteristics of the SVO samples were investigated via Raman spectroscopy and far-infrared spectroscopy to elucidate the dielectric response mechanics and microstructural origins of these responses. Raman spectra were classified into three sections corresponding to the vibration of Sr2+ ions, the V–O or V–O–V telescopic vibration, and the internal elongation of the tetrahedral structure composed of V–O, respectively. The inherent dielectric properties obtained from the far-infrared spectra were analyzed using a four-parameter semi-quantum model with the assistance of the Focus software. This analysis aligned with the measured property values. The relationships between the crystal structures and the dielectric properties were established using the Raman modes. Particularly, the SVO sample sintered at 950 °C exhibited excellent dielectric properties, characterized by a dielectric constant (εr) of 9.49, a quality factor (Q × f) of 35,189 GHz, and a resonant frequency (f) of 12.48 GHz.