Broad-frequency dielectric behaviors of multiwalled carbon nanotubes MWCNTs embedded in room temperature vulcanization silicone rubber RT-SR matrix were studied by analyzing alternating current ac impedance spectra, which would make a remarkable contribution for understanding some fundamental electrical properties in the MWCNT/RT-SR nanocomposites. Equivalent circuits of the MWCNT/RT-SR nanocomposites were built, and the law of polarization and mechanism of electric conductance under the ac field were acquired. Two parallel RC circuits in series are the equivalent circuits of the MWCNT/RT-SR composites. At different frequency ranges, dielectric parameters including conductivity, dielectric permittivity, dielectric loss, impedance phase, and magnitude present different behaviors.