In this study, nanosized TiO2 co-doped with Fe3+ and Nd3+ ions was synthesized via a sol-gel method. The metallic ion doped TiO2 was thoroughly characterized with XRD and UV-vis, and the photocatalytic activity was evaluated by degrading methylene blue (MB) solution. The results indicated that TiO2 crystalline size was reduced and phase transformation of anatase to rutile was suppressed as the content of doped Nd3+ ion increased in the co-doped TiO2. The UV-vis spectra of co-doped TiO2 seemed to simply overlay two spectra of single metal doped TiO2, and had significantly increased absorbance in the ranges of 400~500 nm, 565~600 nm and 730~765 nm as compared to pure TiO2. The photocatalytic activity of co-doped TiO2 was obviously enhanced, and raised about 30% compared to that of pure TiO2 as doped Nd3+ content was 0.15% and Fe3+ content was 0.05%, respectively. The enhanced catalytic activity was attributed to a synergistic effect of two doped ions, where doped Fe3+ ion inhibited the recombination of photogenerated electron and hole, and Nd3+ ion brought more surface carboxyl to promote the degradation reaction.