A nano magneto-rheological fluid, comprising nano-scale magnetizable magnetic particles, wherein an average particle size or a minimum size in one dimension is less than 100 nanometers; and fluids used as carrier liquids, wherein the magnetic particles are dispersively distributed in the fluids. An apparatus for making the nanometric magnetorheological fluid including a ball mill, a settling separator located downstream of the ball mill for receiving the primary magnetic particles, a magnetic separator located downstream of and connected to the settling separator for receiving the upper layer of fluid containing fine magnetic particles, and an agitator for mixing the desired secondary magnetic particles with a carrier liquid and an additive. A method for making the nano magneto-rheological fluid wherein the nano magneto-rheological fluid has performance advantages such as no remanent magnetization, non-settlement, low viscosity, low abrasive rate for components, long service life, high reliability and fast and clear response.