Photoreceptor (PR) cells are prone to accumulation of reactive oxygen species (ROS) and oxidative stress. An imbalance between the production of ROS and cellular antioxidant defenses contributes to PR degeneration and blindness in many different ocular disease states. Yttrium oxide (Y2O3) nanoparticles (NPs) are excellent free radical scavengers due to their non-stoichiometric crystal defects. Here we utilize a murine light stress model to test the efficacy of Y2O3 NPs (~ 10–14 nm in diameter) in ameliorating retinal oxidative stress-associated degeneration. Our studies demonstrate that intravitreal injections of these NPs at doses ranging from 0.1 μM to 5.0 μM two weeks prior to acute light stress protects PRs from degeneration. This protection is reflected both structurally (i.e. decreased light-associated thinning of the outer nuclear layer) and functionally, i.e. in preservation of scotopic and photopic electroretinogram amplitudes. We also observe preservation of structure and function when NPs are delivered immediately after acute light stress, although the magnitude of the preservation is smaller, and only doses ranging from 1.0 μM to 5.0 μM were effective. We show that the Y2O3 NPs are non-toxic and well-tolerated after intravitreal delivery. Our results suggest that Y2O3 NPs have astonishing antioxidant benefits, and with further exploration, may be an excellent strategy for the treatment of oxidative stress associated with multiple forms of retinal degeneration.