Solvent annealing is a facile method for changing the aggregated microstructure and physical properties of polymer materials. In this paper, we addressed the effects of solvent vapor annealing, including chloroform and water vapor, on the polymorphic transformation in both hot-pressed film and electrospun nonwoven of isotactic polybutene-1 (PB-1) by means of in situ Fourier transform infrared spectroscopy (FTIR). The pretty rapid transition rate caused by the increased motion of molecular chains under chloroform vapor is associated with a lowest crystallinity. Also, a decreased crystallinity with the crystal transition occurred in electrospun nonwovens resulting from the relaxation of the stretched molecular chains into amorphous state rather than realignment into crystal form I predominating the crystal transition process.