The rapid development of modern industry and excessive consumption of petroleum-based polymers have triggered a double crisis presenting a shortage of nonrenewable resources and environmental pollution. However, this has provided an opportunity to stimulate researchers to harness native biobased materials for novel advanced materials and applications. Nanocellulose-based aerogels, using abundant and sustainable cellulose as raw material, present a third-generation of aerogels that combine traditional aerogels with high porosity and large specific surface area, as well as the excellent properties of cellulose itself. Currently, nanocellulose aerogels provide a highly attention-catching platform for a wide range of functional applications in various fields, e.g., adsorption, separation, energy storage, thermal insulation, electromagnetic interference shielding, and biomedical applications. Here, the preparation methods, modification strategies, composite fabrications, and further applications of nanocellulose aerogels are summarized, with additional discussions regarding the prospects and potential challenges in future development.