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We present here a fast and easily realized computational approach based on the finite element methods with consistent and lumped mass matrices (CM-FEM and LM-FEM, respectively), and the Bloch’s theorem, to calculate the elastic band structures of phononic crystals. Two improvements, the adjustment of the introduction of Bloch’s theorem as well as weighting treatment of consistent and lumped mass matrices, are performed. Numerical simulations show that convergence speed is accelerated obviously. Furthermore, the method is verified by analytical solutions in specified homogeneous cases. It is concluded that compared with CM-FEM or LM-FEM, the present method gives higher precision results with sparser mesh and takes less time.