We report the measurement of the absolute photoionization cross section for the 5P 3/2 state of 87 Rb at wavelength of 473 nm, which results in the photoelectron energies of 33 meV above the ionization threshold, using cold atoms confined in a vapor-loaded magneto-optical trap. The 87 Rb 5P 3/2 photoionization cross section at 473 nm is determined to be 𝜎 PI = 10.5 ± 2.2 Mb. Considering the spatial distribution of the trapped atoms, the average intensity 𝐼 PI of the ionization laser seen by an atom in the MOT instead of ionizing laser intensity 𝐼 PI is used in our calculations for the photoionization cross sections. The excited state fraction is also accurately estimated using the latest experimental result.