Mining activity has an adverse impact on the surrounding ecosystem, especially via the release of potentially toxic elements (PTEs); therefore, there is an urgent need to develop efficient technologies to remediate these ecosystems, especially soils. Phytoremediation can be potentially used to remediate contaminated areas by potentially toxic elements. However, in soils affected by polymetallic contamination, including metals, metalloids, and rare earth elements (REEs), it is necessary to evaluate the behavior of these toxic elements in the soil-plant system, which will allow the selection of the most appropriate native plants with phytoremediation potential to be used in phytoremediation programs. This study was conducted to evaluate the level of contamination of 29 metal(loid)s and REEs in two natural soils and four native plant species ( Salsola oppositifolia , Stipa tenacissima , Piptatherum miliaceum , and Artemisia herba-alba ) growing in the vicinity of a Pb-(Ag)-Zn mine and asses their phytoextraction and phytostabilization potential. The results indicated that very high soil contamination was found for Zn, Fe, Al, Pb, Cd, As, Se, and Th, considerable to moderate contamination for Cu, Sb, Cs, Ge Ni, Cr, and Co, and low contamination for Rb, V, Sr, Zr, Sn, Y, Bi and U in the study area, dependent of sampling place. Available fraction of PTEs and REEs in comparison to total concentration showed a wide range from 0% for Sn to more than 10% for Pb, Cd, and Mn. Soil properties such as pH, electrical conductivity, and clay content affect the total, available, and water-soluble concentrations of different PTEs and REEs. The results obtained from plant analysis showed that the concentration of PTEs in shoots could be at a toxicity level (Zn, Pb, and Cr), lower than toxic but more than sufficient or natural concentration accepted in plants (Cd, Ni, and Cu) or at an acceptable level (e.g., V, As, Co, and Mn). Accumulation of PTEs and REEs in plants and the translocation from root to shoot varied between plant species and sampling soils. A. herba-alba is the least efficient plant in the phytoremediation process; P. miliaceum was a good candidate for phytostabilization of Pb, Cd, Cu, V, and As, and S. oppositifolia for phytoextraction of Zn, Cd, Mn, and Mo. All plant species except A. herba-alba could be potential candidates for phytostabilization of REEs, while none of the plant species has the potential to be used in the phytoextraction of REEs.