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Raitt was born in Burbank, California. She is the daughter of the Broadway musical star John Raitt and his first wife, the pianist Marjorie Haydock, and was raised in the Quaker tradition. She began playing guitar at Camp Regis-Apple Jack in Paul Smiths, NY, at an early age. Later she gained notice for her bottleneck-style guitar playing.

In the fall of 1970, She played with her brother David on stand up Bass with Mississippi Fred McDowell at the Philly Folk Festival as well as Opening for John Hammond at the Gaslight Cafe in New York, she was seen by a reporter from Newsweek, who began to spread the word about her performance. Scouts from major record companies were soon attending her shows to watch her play. She eventually accepted an offer from Warner Bros., who soon released her debut album, Bonnie Raitt, in 1971. The album was warmly received by the music press, with many writers praising her skills as an interpreter and as a bottleneck guitarist; at the time, few women in popular music had strong reputations as guitarists.  While admired by those who saw her perform, and respected by her peers, Raitt gained little public acclaim for her work. Her critical stature continued to grow but record sales remained modest. Her second album, Give It Up, was released in 1972 to universal "acclaim"; though many critics still regard it as her best work, it did not change her commercial fortunes. 1973's Takin' My Time was also met with critical acclaim, but these notices were not matched by the sales.  Raitt was beginning to receive greater press coverage, including a 1975 cover story for Rolling Stone, but with 1974's Streetlights, reviews for her work were becoming increasingly mixed. By now, Raitt was already experimenting with different producers and different styles, and she began to adopt a more mainstream sound that continued through 1975's Home Plate.  In 1976, Raitt made an appearance on Warren Zevon's eponymous album with his friend Jackson Browne and Fleetwood Mac's Lindsey Buckingham and Stevie Nicks.
Bonnie Raitt