Inefficient and non-environmentally friendly absorbent production can lead to much resource waste and go against low carbon and sustainable development. A novel and efficient Mg-Fe-Ce (MFC) complex metal oxide absorbent of fluoride ion (F−) removal was proposed for safe, environmentally friendly, and sustainable drinking water management. A series of optimization and preparation processes for the adsorbent and batch experiments (e.g., effects of solution pH, adsorption kinetics, adsorption isotherms, effects of coexisting anions, as well as surface properties tests) were carried out to analyze the characteristics of the adsorbent. The results indicated that optimum removal of F− occurred in a pH range of 4–5.5, and higher adsorption performances also happened under neutral pH conditions. The kinetic data under 10 and 50 mg·g−1 were found to be suitable for the pseudo-second-order adsorption rate model, and the two-site Langmuir model was ideal for adsorption isotherm data as compared to the one-site Langmuir model. According to the two-site Langmuir model, the maximum adsorption capacity calculated at pH 7.0 ± 0.2 was 204 mg·g−1. The adsorption of F− was not affected by the presence of sulfate (SO42−), nitrate (NO3−), and chloride (Cl−), which was suitable for practical applications in drinking water with high F− concentration. The MFC adsorbent has an amorphous structure, and there was an exchange reaction between OH− and F−. The novel MFC adsorbent was proven to have higher efficiency, better economy, and environmental sustainability, and be more environmentally friendly.