Extreme rainfall can severely affect all vegetation types, significantly impacting crop yield and quality. This study aimed to assess the response and recovery of vegetation phenology to an extreme rainfall event (with total weekly rainfall exceeding 500 mm in several cities) in Henan Province, China, in 2021. The analysis utilized multi-sourced data, including remote sensing reflectance, meteorological, and crop yield data. First, the Normalized Difference Vegetation Index (NDVI) time series was calculated from reflectance data on the Google Earth Engine (GEE) platform. Next, the ‘phenofit’ R language package was used to extract the phenology parameters—the start of the growing season (SOS) and the end of the growing season (EOS). Finally, the Statistical Package for the Social Sciences (SPSS, v.26.0.0.0) software was used for Duncan’s analysis, and Matrix Laboratory (MATLAB, v.R2022b) software was used to analyze the effects of rainfall on land surface phenology (LSP) and crop yield. The results showed the following. (1) The extreme rainfall event’s impact on phenology manifested directly as a delay in EOS in the year of the event. In 2021, the EOS of the second growing season was delayed by 4.97 days for cropland, 15.54 days for forest, 13.06 days for grassland, and 12.49 days for shrubland. (2) Resistance was weak in 2021, but recovery reached in most areas by 2022 and slowed in 2023. (3) In each year, SOS was predominantly negatively correlated with total rainfall in July (64% of cropland area in the first growing season, 53% of grassland area, and 71% of shrubland area). In contrast, the EOS was predominantly positively correlated with rainfall (51% and 54% area of cropland in the first and second growing season, respectively, and 76% of shrubland area); however, crop yields were mainly negatively correlated with rainfall (71% for corn, 60% for beans) and decreased during the year of the event, with negative correlation coefficients between rainfall and yield (−0.02 for corn, −0.25 for beans). This work highlights the sensitivity of crops to extreme rainfall and underscores the need for further research on their long-term recovery.