A compound resonant cavity-type single longitudinal mode erbium-doped fiber laser is proposed and verified in this paper. We use a compound four-cavity to expand the longitudinal mode spacing of the laser and a homemade grating F-P filter and a saturable absorber to narrow the gain spectral bandwidth, enabling the laser to operate in a single-frequency state. Through theoretical analysis and experimental verification of the important roles of the main constructed fiber laser parts, the center wavelength of the laser output of 1550.06 nm is obtained, and the optical signal-to-noise ratio is 65 dB. In a 50 minute period, the wavelength fluctuation is exhibited along with the maximum power fluctuation of 0.28 dB. The value of the laser output linewidth is ∼250 Hz, measured by using the delayed self-heterodyne method.