The new method for preparing high crystallinity monodisperse water-soluble magnetic nano microparticles is characterized by that it selects the inorganic iron salts of anhydrous iron trichloride and iron chloride, etc. or metal organic iron compounds (such as iron pentacarbonyl, iron triacetylacetonate, iron biacetylacetonate, complex of cupferron and iron salt, iron octoate and ferric oxalate, etc.) as iron raw material, and utilizes high-temp. decomposition of them in high boiling point polar solvent (for example alpha-pyrrolidone and its derivatives (N-methyl-2-pyrrolidone and N-ethyl-2-pyrrolidone, etc.), N,N-dimethyl-2-imidazolone, hexametapol, gamma-butyrolactone and its derivative and low molecular weight (molecular weight M is less than or equal to 5000) polyglycol and its derivatives) to prepare magnetic nano microparticles. Said invention can adopts different iron raw materials and high boiling point polar solvents so as to obtain different types of magnetic nano microparticles (Fe, Fe2O3 and Fe3O4) with different sizes and crystallinities and different crystal structures.