B-site cobalt (Co)-doped rare-earth orthoferrites ReFeO3 have shown considerable enhancement in physical properties compared to their parent counterparts, and Co-doped LuFeO3 has rarely been reported. In this work, LuFe1−xCoxO3 (x = 0, 0.05, 0.1, 0.15) powders have been successfully prepared by a mechanochemical activation-assisted solid-state reaction (MAS) method at 1100 °C for 2 h. X-ray diffraction (XRD) and Fourier transform infrared (FTIR) spectroscopy studies demonstrated that a shrinkage in lattice parameters emerges when B-site Fe ions are substituted by Co ions. The morphology and elemental distribution were investigated by scanning electron microscopy (SEM) and energy dispersive spectroscopy (EDS). The UV–visible absorbance spectra show that LuFe0.85Co0.15O3 powders have a narrower bandgap (1.75 eV) and higher absorbance than those of LuFeO3 (2.06 eV), obviously improving the light utilization efficiency. Additionally, LuFe0.85Co0.15O3 powders represent a higher photocatalytic capacity than LuFeO3 powders and can almost completely degrade MO in 5.5 h with the assistance of oxalic acid under visible irradiation. We believe that the present study will promote the application of orthorhombic LuFeO3 in photocatalysis.