Reactions between Ln3+ (Ln = Dy, Tb), Cr3+, and glycine (HGly) in aqueous solution led to two pentanuclear compounds, Na3[Dy3Cr2(HGly)6(μ3‐OH)6(H2O)9]·(ClO4)8·Cl4·14H2O (1) and Na3[Tb3Cr2(HGly)6(μ3‐OH)6(H2O)9]·(ClO4)6·Cl6·6H2O (2). Structural analyses showed that both 1 and 2 have a {Ln3Cr2} compressed trigonal‐bipyramidal skeleton in which an axial Cr3+ ion lies above and below the triangular equatorial plane defined by the three Ln3+ ions. Magnetic measurements indicated that 1 and 2 exhibit single‐molecule magnetic behavior with Ea ≈ 14.1 K and τ0 = 4.2 × 10–8 s for 1 and Ea ≈ 13.0 K and τ0 = 6.4 × 10–7 s for 2. Interestingly, the clusters are soluble in aqueous solution. The two terminal water molecules of 1 can be substituted by two monocoordinated 4,4′‐dipyridyl N,N′‐dioxide (dpyo) molecules to afford [Dy3Cr2(HGly)6(dpyo)2(μ3‐OH)6(H2O)7]·(ClO4)9·15H2O (3) with a three‐dimensional cds network formed through π–π interactions. Magnetic analysis indicated that 3 also displays slow relaxation of the magnetization with Ea ≈ 13.24 K and τ0 = 9.16 × 10–8 s.