In this study, the technology important Cu0.5Mn0.5Fe2O4 and Cu0.5Mn0.5Fe1.80RE0.2O4 (RE = La, Gd, Nd, and Dy) nanoferrites were synthesized via sonochemical method and characterized to overcome the electromagnetic pollution problems. Crystalline, morphological, electrical, magnetic, and microwave-absorbing parameter were identified by doping of RE (La, Gd, Nd, and Dy) in Cu0.5Mn0.5Fe2O4 nanoferrites. The XRD analysis revealed a cubic spinel structure with a single-phase composition for Cu0.5Mn0.5Fe2O4 nanoferrites whereas Cu0.5Mn0.5Fe1.80RE0.2O4 (RE = La, Gd, Nd, and Dy) nanoferrites had a cubic structure with the presence of a secondary phase. SEM images confirmed the spherical shape of the particle and the grain size within the range of 19.25–28.19 nm, with elemental stoichiometry confirmed by EDS spectra. The dielectric constant and conductivity of Cu0.5Mn0.5Fe1.80RE0.2O4 nanoferrites were low at higher frequencies, which lead good candidates for microwave-absorbing technologies. The substitution of RE decreases saturation magnetization (43.38–23.96 emu/g) and squareness ratio values of prepared nanoferrites were less than 0.5. The SET values of the prepared nanoferrites were in the range of 32.31–41.81 dB. The minimal reflection loss (RL) values of Cu0.5Mn0.5Fe2O4 and Cu0.5Mn0.5Fe1.80RE0.2O4 nanoferrites were less than 10 dB and which indicated that the prepared nanoferrites possessed great potential for applications as microwave-absorbing materials.