Significance: The emergence of organic–inorganic hybrid lead triiodide perovskite materials promises a low-cost and high-efficiency photovoltaic technology. Although the high-power conversion efficiency of this technology has been successfully demonstrated, further improvement appears to be limited without further narrowing the band gap while also retaining or even synergistically prolonging the carrier lifetime. We report a synergistic enhancement in both band gap narrowing and carrier-lifetime prolongation (up to 70% to ∼100% increase) of organic–inorganic hybrid lead triiodide perovskite materials under mild pressures below ∼0.3 GPa. This work could open new territory in materials science, and new materials could be invented using the experimental and theoretical guidelines we have established herein.