Metaconcrete, as a new type of composite material with vibration attenuation characteristics, is formed by replacing traditional coarse aggregates with a heavy metal core wrapped with an elastic soft coating and mixing with cement mortar. However, due to the high bandgap frequency and narrow bandgap width, it is greatly limited in the engineering application of low frequency vibration control. In order to broaden the range and number of elastic wave bandgap of metaconcrete materials and solve the problem of low frequency vibration, a novel three-component cement-based phononic-like crystal model is proposed based on local resonance theory, and phononic-like crystal metaconcrete vibration reduction material is developed accordingly. Secondly, the band structure, bandgap mechanism, and frequency response function of the phononic-like crystal metaconcrete are calculated and analyzed, and indoor tests of the phononic-like crystal metaconcrete are conducted. Finally, a phononic-like crystal metaconcrete subway track bed is prepared using the developed phononic-like crystal metaconcrete material, and applied to the practical subway engineerings to solve the low frequency vibration problem generated during subway operation. The results show that the phononic-like crystal metaconcrete opens 6 low frequency bandgaps in the frequency range of 200 Hz, and the attenuation values are mostly above 10 dB in the frequency range of the bandgap, and the attenuation effect is good. Meanwhile, the on-site monitoring results show that the phononic-like crystal metaconcrete subway track bed has good low frequency vibration reduction effect in the 200 Hz frequency range. The maximum value of the one-third octave insertion loss of the tunnel wall is 13.22 dB, the maximum vertical Z-vibration level difference of the tunnel wall is 5.052 dB, and the maximum vertical frequency division vibration level difference of the tunnel wall is 5.926 dB. The maximum value of the vertical frequency division vibration level difference in the frequency range of 4–200 Hz is 13.87 dB, and the average value is 5.74 dB. The relevant research results of this paper provide a new technical approach to solve the problem of low frequency vibration in subway engineering and other engineering construction, breaking through the traditional vibration reduction control technology of civil engineering structures, and providing new idea and method for long-term vibration reduction and application of engineering structures.