Nanomaterials research has become a major attraction in the field of advanced materials research in the area of Physics, Chemistry, and Materials Science. Biocompatible and chemically stable magnetic metal oxide nanoparticles have biomedical applications that includes drug delivery, cell and DNA separation, gene cloning, magnetic resonance imaging (MRI). This research is aimed at the fabrication of magnetic cobalt oxide nanoparticles using a safe, cost effective, and easy to handle technique that is capable of producing nanoparticles free of any contamination. Nanostructured Cobalt oxide powder was prepared by sonication method using ultrasonicator. Effect of sonication for different time intervals, on the morphology of cobalt oxide nanostructures was extensively studied. The morphology of the nanorods were very much affected by the sonication time, it was found that with an increase in sonication time, the length of the nanorods seem to considerably increase at the same time an agglomeration effect comes in to action and the rods form bundle like structures. These cobalt oxide nanorods were characterized using X-ray Diffraction characterization (XRD) and it revealed a cubic structure. Weight percentage of cobalt oxide was confirmed by thermo gravimetric analysis (TGA).