The use of carbon fiber-reinforced resin matrix composites instead of metals to manufacture cryogenic propellant tanks for spacecrafts is a development trend in the world aerospace industry. Cryogenic mechanical properties of the composites should be investigated in detail due to that the ultra-low temperature environment may cause micro cracks in the composites, leading to propellant leakage. In the present study, cryogenic tensile properties of a carbon fiber reinforced silicon-containing epoxy resin aomposite are investigated using experimental and numerical simulation methods. A silicon-containing epoxy resin with excellent cryogenic mechanical properties is developed by introducing a synthesized organic silicon polymer epoxidized polysiloxane and Nano-SiO2 into bisphenol F type epoxy resin. The tensile strength and modulus of the silicon-containing epoxy resin at −180 °C are 202.63 MPa and 7.81 GPa, which are 16.71% and 3.03% higher than those of bisphenol F type epoxy resin. The tensile strength of the silicon-containing epoxy resin at −180 °C is increased by 107.7% compared to that at room temperature, and the modulus at −180 °C is nearly twice that at room temperature. The carbon fiber reinforced silicon-containing epoxy resin composite is prepared by vacuum injection molding. The finite element model for the representative volume element of the composite unidirectional plate is established. The random sequence expansion method is used to randomly distribute the carbon fibers and simulate the thermal residual stress, the elastic performance, and the damage of the composite at cryogenic environments. Through comparison, it is found that the simulation results are in good agreement with the experimental results. The simulation reliability for cryogenic mechanical properties of carbon fiber reinforced resin matrix composites is verified. It is expected to provide a reference for the analysis and evaluation of cryogenic mechanical properties of composite tanks.