In this study, we investigated the effect of Fe addition (0, 0.25, 0.50 and 0.75 wt.%) on the microstructure, mechanical properties and electrical conductivity of as-cast and as-extruded Al-RE alloys. As the Fe element increased by 0 and 0.75wt.%, the phase fraction increased to 5.05, 5.76, 7.14 and 7.38 %. The increased intermetallic compound increased the driving force for recrystallization and grain refinement. The electrical conductivity of Al-1.0 wt.%RE alloy with Fe addition decreased to 60.29, 60.15, 59.58 and 59.13 %IACS. With an increase in the Fe content from 0 to 0.75 wt.% the ultimate tensile strength (UTS) of the alloy increased from 74.3 to 77.5 MPa. As the mechanical properties increase compared to the reduction of the electrical conductivity due to Fe element addition, it is considered to be suitable for fields requiring high electrical conductivity and strength.