A novel approach was developed for the preparation of the attapulgite/poly(acrylic acid) (ATP/PAA) nanocomposite microgels via the ‘‘one-pot’’ inverse suspension radical polymerization of acrylic acid (AA) with the multi-functionalized attapulgite nanorods (org-ATP) as the sole crosslinker. The parameters of the feeding ratio of the functional attapulgite (org-ATP) nanorods and AA (org-ATP/AA), oil (liquid paraffin)–water ratio, and feeding ratios of dispersing agent (sodium dodecyl benzene sulfonate (SDBS)) and initiator (ammonium persulfate (APS)) were optimized via 4-Variable 3-Level Orthogonal experiments. Under the optimized preparation condition, more than 85% of the monomer AA had been grafted onto the org-ATP nanorods to form the 3-dimensional network of the ATP/PAA nanocomposite microgel. The ATP/PAA nanocomposite microgel exhibited better mechanical stabilities (resistance to pressure and resistance to agitation) and selective adsorption to heavy metal ions, especially to Pb²⁺. The adsorbed Pb²⁺ ion could be completely eluted with HCl solution. The better mechanical stability and regeneration make it potential adsorbent for the heavy metal contaminated water.