During polar navigation, adverse environmental conditions like cold temperatures, fatigue, and corrosion can affect surface and underwater manned vehicles (UMVs). Understanding the fatigue fracture growth behavior of polar ship steel is crucial for ensuring safety. This study investigates the mechanical properties and fatigue fracture propagation of steel used in underwater vehicle rudders under various low-temperature conditions through experimental research. It compares and analyzes the static mechanical characteristics, fatigue crack growth rate, and fracture morphology of underwater manned vehicle rudder steels at different low temperatures. Findings show enhancements in yield strength, tensile strength, elastic modulus, and fatigue crack propagation life of steel 925A, steel 20#, and their welded parts under low-temperature conditions. The tensile strength of 925A steel, 20# steel, and their welded parts increases by 6.87%, 14.61%, and 12.55%, respectively, as the temperature decreases from 20 to -60 °C. The yield strength also increases by 14.17%, 29.09%, and 15.76%, respectively. Fatigue crack propagation rate experiments were conducted under different constant low-temperature conditions. This study offers direction for future modeling and experimental testing.