The present study evaluated the β recrystallization behavior and deformation microtexture evolution of TB6 titanium alloy (Ti-10V-2Fe-3Al) taking place during isothermal compression. The hot deformation tests were carried out in the temperature range below the β phase transition temperature and spanned a wide strain rate range of 0.0001~1 s−1. Microstructure evolution on β phase, including its recrystallization behavior and microtexture formation, is sensitive to the strain rates, whereas the average grain size of equiaxed α phase exhibits a slight increase with the strain rate decreasing. Moreover, β recrystallization is not homogeneous among the prior β grains, and is characterized by: (I) enriched β sub-grains, (II) sporadically or chain-like distributed recrystallized β grains with a grain size far less than the prior β grains, and (III) wave-shaped β grain boundaries. The β recrystallization is inadequate and its orientation takes on the inheritance characteristic, which makes the β microtexture significant after deformation. At a lower strain rate, the high activity of the {11−2}<111> and {12−3}<111> slip systems induced the crystal rotation around <101>, but such crystal rotation did not destroy the Burgers orientation relationship (BOR), which could be accounted for by the generation of a strong microtexture of <001>//RD. The divergences on β recrystallization fraction, the operation of slip systems, and initial crystal orientations explain the different microtexture components with varied intensities under different deformation conditions.