Semitransparent perovskite solar cells (ST-PSCs) are highly promising for application in building-integrating photovoltaics (BIPVs) due to their potential in tunable transparency and color. However, the comprehensive performance of ST-PSCs falls quite short of the ideal requirements for BIPV. Herein, more attention is to review how to balance transparency and power conversion efficiency for ST-PSCs. Optimizing transparent electrodes and the active layers are interesting strategies to achieve the transparency required by devices. In addition, to obtain color ST-PSCs, tuning the bandgap of perovskite layers and designing the optical structure of the electrode are effective strategies. Last but not least, three significant optical evaluation indexes of ST-PSCs are described in the supporting information: average visible transmittance, color rendering index, and light utilization efficiency.