Water resources are scarce, and secondary soil salinization is severe in the Hetao Irrigation District. Farmland shelterbelt systems (FSS) play a critical role in regulating soil water and salt dynamics within the irrigation district. However, the understanding of soil water and salt migration within FSS during the freeze–thaw period remains unclear due to the complex and multifaceted interactions between water and salt. This study focused on a typical FSS and conducted comprehensive monitoring of soil moisture, salinity, temperature, and meteorological parameters during the freeze–thaw period. The results revealed consistent trends in air temperature and soil temperature overall. Soil freezing durations exceeded thawing durations, and both decreased with an increasing soil depth. At the three critical freeze–thaw nodes, the soil moisture content at a 0–20 cm depth was significantly lower than at a 40–100 cm depth (p < 0.05). The soil water content increased with time and depth at varying distances from the shelterbelt, with an average increase of 7.63% after freezing and thawing. The surface water content at the forest edge (0.3H, 4H) was lower than inside the farmland (1H, 2H, 3H). Soil salt accumulation occurred during both freezing stable periods and melting–thawing periods in the 0–100 cm soil layer near the forest edge (0.3H, 4H), with the highest soil salinity reaching 0.62 g·kg−1. After the freeze–thaw period, the soil salt content in each layer increased by 11.41–47.26% compared to before the freeze–thaw period. Salt accumulation in farmland soil near the shelterbelt was stronger than in the far shelterbelt. The multivariate statistical model demonstrated goodness of fit for soil water and salt as 0.94 and 0.72, respectively, while the BP neural network model showed goodness of fit for soil water and salt as 0.82 and 0.85, respectively. Our results provide an efficient theoretical basis for FSS construction and agricultural water management practices.