Soil pollution by heavy metals (HMs) is a major environmental problem around the world. The addition of biowaste-based stabilizers for HM remediation has recently gained attention due to its relatively low cost and eco-risk, abundance, ease of operation, and quick remediation results. Among these stabilizers, shell (crustacean shell, bivalve shell, and eggshell), starfish, and bone-based stabilizers are particularly attractive because of their high Ca and P contents, allowing for highly efficient HM immobilization and simultaneous supplement of nutrients to the soil. However, a comprehensive review focusing on these stabilizers is currently missing. Therefore, this review attempts to summarize the HM immobilization efficiency of these stabilizers and the mechanisms associated with HM stabilization, and perform an operation cost estimation and cost comparison. Cost comparisons among different stabilizers are widely ignored in reviews due to the lack of reliable cost estimation tools or methods. However, for practical application in soil remediation, cost is one of the most important factors to consider. Thus, a simple but reasonable cost estimation method is developed and discussed in this review. Bivalve shell-based stabilizers demonstrated the most promising results for the immobilization of soil HMs in terms of higher performance and lower cost. Current research limitations, challenges, and recommendations regarding possible future research directions are also provided.