The therapeutic effectiveness of anticancer drugs, including nanomedicines, can be enhanced with active receptor‐targeting strategies. Epidermal growth factor receptor (EGFR) is an important cancer biomarker, constitutively expressed in sarcoma patients of different histological types. The present work reports materials and in vitro biomedical analyses of silanized (passive delivery) and/or EGF‐functionalized (active delivery) ceria nanorods exhibiting highly defective catalytically active surfaces. The EGFR‐targeting efficiency of nanoceria was confirmed by receptor‐binding studies. Increased cytotoxicity and reactive oxygen species (ROS) production were observed for EGF‐functionalized nanoceria owing to enhanced cellular uptake by HT‐1080 fibrosarcoma cells. The uptake was confirmed by TEM and confocal microscopy. Silanized nanoceria demonstrated negligible/minimal cytotoxicity toward healthy MRC‐5 cells at 24 and 48 h, whereas this was significant at 72 h owing to a nanoceria accumulation effect. In contrast, considerable cytotoxicity toward the cancer cells was exhibited at all three times points. The ROS generation and associated cytotoxicity were moderated by the equilibrium between catalysis by ceria, generation of cell debris, and blockage of active sites. EGFR‐targeting is shown to enhance the uptake levels of nanoceria by cancer cells, subsequently enhancing the overall anticancer activity and therapeutic performance of ceria.