Existing graphite anode materials are reaching their limits, and iron-based AB2O4 spinel materials are considered as potential anodes for Li-ion batteries owing to their significant theoretical capacities. In this work, novel nanocrystalline MgFe2-xMnxO4 (x = 0, 0.1, 0.2, and 0.3) spinel ferrites were evaluated as anode materials for high-capacity Li-ion batteries. The Mn-doped MgFe2-xMnxO4 (x = 0, 0.1, 0.2, and 0.3) spinel ferrites were synthesized through a facile sol-gel synthesis method coupled with an annealing process. Their crystal structure, morphology, and purity were examined via X-ray diffraction (XRD), Raman spectroscopy, and scanning electron microscopy (SEM). The X-ray diffraction analyses with Rietveld refinement of the synthesized ferrites reveal pure cubic structure with a characteristic Fd3̅m space group for all prepared samples. This was confirmed by Raman spectroscopy by revealing five spinel Raman active modes. The SEM images showed interconnected nanosized particles for all compositions, which led to a porous morphology. Their electrochemical proprieties as anode materials for Li-ion batteries were examined by cyclic voltammetry and galvanostatic charge-discharge tests. For all compositions, the cyclic voltammetry plots demonstrate the conversion type for the Li-ion storage mechanism. At an applied current density of 150 mA g−1, the compositions x = 0, 0.1, 0.2, and 0.3 show initial discharge/charge capacities of 1235/712, 1187/680, 1542/938, and 1239/768 mAh g−1, respectively. After 100 operational cycles, their galvanostatic charge/discharge capacities remain 529/534, 612/606, 642/663, and 700/700 mAh g−1. However, the compositions x = 0.2 and 0.3 exhibit excellent cycling stability during 100 cycles, even at higher rates. As a result, the Mn doping led to enhanced specific capacity and cycling stability of the MgFe2O4 spinel. The optimized compositions with x = 0.2 and 0.3 are, thus, proposed as promising anodes materials compositions for Li-ion batteries.