The cultivation of wheat cultivar with low metal(loid) accumulation efficiently mitigated the transfer of soil metal(loid) to the food chain, thus contributing to ensuring food security. However, current research has focused on the identification of wheat cultivars with low accumulation of a single-metal(loid). The aim of this study was to screen wheat cultivars exhibiting low co-accumulation of multi-metal(loid) (Cd, Pb, and As) (LCAM) and high yield for cultivation and application. In this study, a field experiment was conducted using 16 wheat cultivars to evaluate their accumulation capacities and identify special cultivars by cluster analysis and weighting method. Results showed that the bioconcentration factor (BCF) across 16 wheat cultivars were 0.17 ± 0.05–0.32 ± 0.02 for Cd, (0.39 ± 0.02) × 10−3–(1.22 ± 0.58) × 10−3 for Pb, and (1.07 ± 0.14) × 10−3–(1.96 ± 0.20) × 10−3 for As. Cluster analysis based on BCF values revealed cultivars (J5265, YN15, TS21, WN14, and JM22) with LCAM were preliminary selected. WN14 and JM22 were identified as the most suitable wheat cultivars, through comprehensive screening using the multifactor (LCAM, quality and yield) weighting method, demonstrating LCAM, high yields, and good quality. Cd and Pb accumulation were closely related to the conversion of Cd and Pb in soil, Cd and As accumulation was closely related to fatty acid accumulation and ash composition, respectively. Therefore, this study provided valuable insights for cultivar selection (WN14 and JM22) and technical support for ensuring the quality and safety of wheat grain.