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This paper investigates the bifurcation behavior and the stability of the rotating cantilever rectangular plate that is subjected to varying speed and centrifugal force. The local stability of the degenerated equilibrium of nonlinear system with symmetry is observed after analyzing the corresponding characteristic equation. In addition to complex phenomena such as static bifurcation and Hopf bifurcation, the 2-D torus bifurcation is investigated in this paper. Thereafter, the steady-state solutions and stability region are obtained using the center manifold theory and normal form method. Finally, numerical simulations are conducted to show the nonlinear dynamical behaviors of the rotating cantilever rectangular plate.