Layered rare earth compounds in the RMn2X2 series (R = rare‐earth; X = Ge, Si) are of interest for potential cooling applications at lower temperatures as they enable the structural and magnetic behavior to be controlled via substitution of R, Mn, and X atoms on the 2a, 4d, and 4e sites respectively. We continue investigations of the Pr1−xYxMn2Ge2 magnetic phase diagram as functions of both composition and Mn–Mn spacing using X‐ray and neutron diffraction, magnetization and differential scanning calorimetry measurements. Pr1−xYxMn2Ge2 exhibits an extended region of re‐entrant ferromagnetism around x ∼ 0.5 with re‐entrant ferromagnetism at TnormalcPr∼50 K for Pr0.5Y0.5Mn2Ge2. The entropy values −ΔSM around the ferromagnetic transition temperatures TnormalCinter from the layered antiferromagnetic AFl structure to the canted ferromagnetic structure Fmc (typically TnormalCinter∼330–340 K) have been derived for Pr1−xYxMn2Ge2 with x = 0.0, 0.2, and 0.5 for ΔB = 0–5 T. The changes in magnetic states due to Y substitution for Pr are discussed in terms of chemical pressure, external pressure, and electronic effects.