Organic–inorganic halide perovskite (OHP) materials, for example, CH3NH3PbI3 (MAPbI3), have attracted significant interest for applications such as solar cells, photodectors, light‐emitting diodes, and lasers. Previous studies have shown that charged defects can migrate in perovskites under an electric field and/or light illumination, potentially preventing these devices from practical applications. Understanding and control of the defect generation and movement will not only lead to more stable devices but also new device concepts. Here, it is shown that the formation/annihilation of iodine vacancies (VI's) in MAPbI3 films, driven by electric fields and light illumination, can induce pronounced resistive switching effects. Due to a low diffusion energy barrier (≈0.17 eV), the VI's can readily drift under an electric field, and spontaneously diffuse with a concentration gradient. It is shown that the VI diffusion process can be suppressed by controlling the affinity of the contact electrode material to I− ions, or by light illumination. An electrical‐write and optical‐erase memory element is further demonstrated by coupling ion migration with electric fields and light illumination. These results provide guidance toward improved stability and performance of perovskite‐based optoelectronic systems, and can lead to the development of solid‐state devices that couple ionics, electronics, and optics. Electric field and light illumination controlled iodine vacancy (VI) redistribution and resistive switching effects are demonstrated in organic–inorganic halide perovskite films. The diffusion energy barrier of VI is ≈0.17 eV. The VI diffusion dynamics can be modulated through engineering the anode material and controlling illumination conditions. An electrical‐write and optical‐erase memory element is demonstrated.