A new hydroxyl rubidium borate, RbB11O16(OH)2, has been obtained in the sealed system. Its structure consists of a two‐dimensional layered anionic framework, which is composed of the fundamental building block, [B11O18(OH)2]5−. Detailed structural comparison with other hydroxyl rubidium borates indicates that RbB11O16(OH)2 is the first hydroxyl rubidium borate with a B−O layered structure. First‐principle theoretical studies have been conducted to help understand the electronic structure and its optical properties, and the results suggest that RbB11O16(OH)2 can be regarded as the potential birefringent crystal.