Lead-containing alkali/alkaline-earth borate and barium lead phosphate glasses were prepared by melt-quenching for a detailed investigation of the Pb2+ ions’ optical properties. UV–Vis absorption and photoluminescence spectroscopy reveal variations in the s–p transition of Pb2+, which are shown to correlate with the optical basicity of the host glass in both borates and phosphates. Pb2+ emission differs significantly for borate and phosphate glasses, as the nature of the charged sites available to accommodate Pb2+ cations vary. Optical basicity values were determined from the composition (Λth) and the measured refractive index (Λn). The UV-cutoff shifts toward higher wavelengths with increasing optical basicity and lead content. In borate glasses, the frequency of the stretching modes due to nonbridging oxygen atoms of trigonal metaborate species is identified to be inversely proportional to the excitation wavelength (directly proportional to the excitation energy) of Pb2+. Lead-containing alkali and alkaline-earth borate glasses show additional correlations between the Pb2+ emission wavelength and the weighted average of the field strength of the modifier(s). Complementary to the investigation of optical properties, radiation and neutron shielding parameters were calculated, suggesting the potential utility of some of the studied compositions for radiation shielding applications.