A modeling method for the vibration analysis of rotating multi-blade systems considering the coupling stiffness effect is presented in this paper. Blades are assumed as cantilever beams and the coupling stiffness effect originates from disc or shroud between blades. As the angular speed, hub radius ratio, and the coupling stiffness vary, the natural frequencies of the system vary. Numerical results show that the coupling stiffness is very important to estimate the natural frequencies. Along with the natural frequencies, associated mode shapes, critical angular speed, and critical hub radius ratio are obtained through the analysis.