Controlling nanoscale interactions to suppress aggregation from short-range attractive forces is a key problem in nanoengineering. Here, we demonstrate a route to modulate Casmir–Lifshitz interactions between anisotropic nanoparticles and magnetic fluids. By semiclassical quantum electrodynamics, we study ground state dispersion forces for cylindrical dielectric nanorods made of polystyrene (PS) and zinc oxide (ZnO) embedded in toluene-based host media with gold-coated magnetite nanoparticles and also predict magnetic contributions to the fully retarded excited state interaction. The variation in magnetic permeability enables tuning between repulsive and attractive interactions, and measurable magnetic Casimir traps are predicted between a pair of ZnO–PS nanoparticles whose equilibrium position can be modulated over an order of magnitude with a small variation in the size of the magnetite nanoparticle. This provides an alternative magnetic Casimir-effect pathway to reversibly tune quantum electromagnetic forces at the nanoscale for the assembly and enhancement of colloidal stability.