Developing flame-retarded styrene-acrylic emulsion (SAE) based damping composites is a challenging task because of their very high flammability. A promising approach is the synergistic combination of expandable graphite (EG) and ammonium polyphosphate (APP). In this study, the surface modification of APP was modified by commercial titanate coupling agent ndz-201 through ball milling, and the SAE-based composite material was prepared with SAE and different ratios of modified ammonium polyphosphate (MAPP) and EG. The surface of MAPP was successfully chemically modified by NDZ-201 through scanning electron microscopy (SEM), Fourier transform infrared spectroscopy (FTIR), X-ray diffraction analysis (XRD), Energy Dispersion Spectroscopy (EDS), and contact angle. The effects of different ratios of MAPP and EG on the dynamic and static mechanical properties and flame retardancy of composite materials were explored. The results showed that when MAPP:EG = 1:4, the limiting oxygen index (LOI) of the composite material was 52.5%, and the vertical burning test (UL-94) was at the V0 level. Its LOI increased by 141.9% compared to the composite materials without flame retardant. The optimized formulation of MAPP and EG in SAE-based damping composite materials showed a significant synergistic effect on the flame retardancy of the composite material.