Agricultural water scarcity has become a global issue. Optimizing irrigation water quality and effectively utilizing non-conventional water resources are essential strategies to alleviate pressure on agricultural water use and achieve sustainable development. This study employed Italian lettuce as the test crop to explore the effects of magnetization treatment (M) at a magnetic field strength of 0.2 T and various irrigation water sources (T) on its growth. The following six treatments were established: fresh water irrigation (M0T1), recycled water irrigation (M0T2), saline water irrigation (M0T3), magnetized fresh water irrigation (M1T1), magnetized recycled water irrigation (M1T2), and magnetized saline water irrigation (M1T3). The results showed that the magnetization treatment increased the electrical conductivity (EC), power of hydrogen (pH), and dissolved oxygen (DO) of the three water sources compared to the non-magnetized treatment. Furthermore, magnetized irrigation with fresh water, recycled water, and saline water increased the contents of nitrogen (N), potassium (K), calcium (Ca), and magnesium (Mg) in lettuce. It also led to increases in the contents of soluble proteins (by 9.27% to 22.25%), soluble sugars (by 13.45% to 20.50%), and vitamin C (VitC) (by 4.18% to 19.33%) in lettuce. Additionally, it enhanced the above-ground fresh weight of lettuce (by 9.36% to 8.81%) and water productivity (WPc) (by 5.85% to 10.40%), while reducing water consumption. Among these treatments, magnetized fresh water irrigation was the most effective in improving quality, fresh weight, and WPc, followed by magnetized recycled water. Gene expression analysis revealed that differentially expressed genes (DEGs) were primarily enriched in metabolic pathways such as the MAPK signaling pathway—plant, phytohormone signaling, and cysteine and methionine metabolism. In summary, magnetized irrigation significantly enhanced DO levels in irrigation water, along with the fresh weight, quality, and WPc of lettuce, demonstrating its effectiveness as an efficient method for agricultural irrigation.