Nanofluids have great potential due to their improved properties that make them useful for addressing various industrial and engineering problems. In order to use nanofluids on an industrial scale, it is first important to discuss their rheological behavior in relation to heat transfer aspects. In the current study, the flow characteristics of nanofluids are discussed using a mathematical model that is developed by fundamental laws and experimental data. The data are collected in the form of viscosity versus shear rate for different homogeneous ethylene glycol- (EG) based nanofluids, which are synthesized by dispersing 5–20% nanoparticle concentrations of SiO2, MgO, and TiO2 with diameters of (20–30 nm, 60–70 nm), (20 nm, 40 nm), and (30 nm, 50 nm), respectively. The data are fitted into a rheological power-law model and further used to govern equations of a physical problem. The problem is simplified into ordinary differential equations by using a boundary layer and similarity transformations and then solved through the numerical Runge–Kutta (RK) method. The obtained results in the form of velocity and temperature profiles at different nanoparticle concentrations and diameters are displayed graphically for discussion. Furthermore, displacement and momentum thicknesses are computed numerically to explain boundary-layer growth. The results show that the velocity profile is reduced and the temperature profile is raised by increasing the nanoparticle concentration. Conversely, the velocity profile is increased and the temperature profile is decreased by increasing the nanoparticle diameter. The results of the present investigation regarding heat and mass flow behavior will help engineers design equipment and improve the efficacy and economy of the overall process in the industry.