Recently, nitrogen‐doped carbon materials have proved to be effective catalytic platforms for the oxygen reduction reaction (ORR). Despite the recent synthetic advances for the preparation of nitrogen‐incorporated carbon materials, the low‐temperature and water‐based synthesis of nitrogen‐doped carbon materials has rarely been explored due to the difficulties in nitrogen‐doping under such mild conditions. Here, nitrogen‐doped Pt/C (Pt/NC) catalysts are prepared using a facile, low‐temperature, aqueous‐phase method. Hydrazine treatment of a Pt/C catalyst successfully yields Pt/NC with controlled nitrogen content. The as‐prepared Pt/NC catalysts exhibit enhanced electrocatalytic activity and stability toward ORR in comparison to nitrogen‐free Pt/C, and their ORR activities are highly dependent on the level of nitrogen‐doping. The Pt/NC catalyst containing 2.0 at % nitrogen results in the largest improvement of ORR activity.