Objective To analyze the pressure-driven streaming potential in a cancellous bone meso-mechanical model with numerical simulation, so as to understand characteristics of streaming potential distributions in cancellous bone. Methods Based on the control equations of electric field and fluid, the finite element method was used to calculate the streaming potential in the cancellous bone model when subjected to pressure. Results The streaming potential near the solid surface of the model was relatively large (about 43.4 μV), while the streaming potential away from the solid surface was smaller (about 19.7 μV). Pressure and Zeta potential had a significant impact on the streaming potential of the model, presenting a linear relationship with the streaming potential. The streaming potential was greatly affected when the ion concentration was low, whereas the effect on the streaming potential was small when the ion concentration was high. Conclusions This research finding provides a theoretical reference for prevention and treatment by stimulation methods of electric current and electromagnetic fields in clinical fractures, senile osteoporosis and other bone diseases.