Multi-view clustering methods have been a focus in recent years because of their superiority in clustering performance. However, typical traditional multi-view clustering algorithms still have shortcomings in some aspects, such as removal of redundant information, utilization of various views and fusion of multi-view features. In view of these problems, this paper proposes a new multi-view clustering method, low-rank subspace multi-view clustering based on adaptive graph regularization. We construct two new data matrix decomposition models into a unified optimization model. In this framework, we address the significance of the common knowledge shared by the cross view and the unique knowledge of each view by presenting new low-rank and sparse constraints on the sparse subspace matrix. To ensure that we achieve effective sparse representation and clustering performance on the original data matrix, adaptive graph regularization and unsupervised clustering constraints are also incorporated in the proposed model to preserve the internal structural features of the data. Finally, the proposed method is compared with several state-of-the-art algorithms. Experimental results for five widely used multi-view benchmarks show that our proposed algorithm surpasses other state-of-the-art methods by a clear margin.