Both water and methanol are good solvents for poly(N‐isopropylacrylamide) (PNIPAM), while PNIPAM does not dissolve in their mixed solvents, this phenomenon is called cononsolvency. Cononsolvency is closely related to many phenomena in life but so far, its mechanism is still controversial. In this work, the dielectric behavior of PNIPAM methanol aqueous solution was studied in the frequency of 40Hz–40GHz. From lower frequency to higher frequency, four relaxations were found. They are, respectively, from global chain motion, local motion of backbone, motion of side chain group, and the dipole orientation of the solvent molecule. The solvent dependence of dielectric parameters for the chain motion implied that the PNIPAM chain has undergone the coil‐globule‐coil transition. Dielectric analysis to microwave frequency showed that the volume of the bound solvent units on PNIPAM chain increases with the increasing methanol concentration, which suggested that the structure of solvation units bound on PNIPAM side chains undergo a changing process experience from water to water‐methanol cluster to the ternary methanol cluster. This work reveals the structure and dynamics of the PNIPAM chain and the solvent unit that involved in the solvation of PNIPAM, and provides some new insight into the cononsolvency phenomenon. © 2017 Wiley Periodicals, Inc. J. Polym. Sci., Part B: Polym. Phys. 2017, 55, 1227–1234