This paper investigated the reflection of plane waves at the interface of dipolar gradient elastic solids under the control of an external magnetic field. This study focused on the increasing influence of the microstructural effect as the incident wavelength approaches the characteristic length of the microstructure or at higher frequencies. Initially, the dispersion equation for the propagation of elastic waves was derived from the dipole strain gradient theory and Maxwell’s electromagnetic theory. Subsequently, the amplitude ratios of various reflected waves to incident P-waves and incident SV-waves were calculated based on the interface conditions. Finally, the numerical results were used to discuss the impact of the external magnetic field and microstructural characteristic length on the propagation of the reflected wave. It was observed that the microstructural effect generated new wave modes and introduced dispersion characteristics into the elastic waves. Conversely, the external magnetic field primarily influences the amplitude of the elastic wave propagation via the Lorentz force without creating new wave modes or affecting the dispersion properties of the elastic wave in the dipolar gradient elastic solid.