We report the synthesis and characterisation of a series of rare‐earth mesoionic carbene complexes, [RE{N(SiMe3)2}3{CN(Me)C(Me)N(Me)CH}] (3RE, RE=Sc, Ce, Pr, Sm, Gd, Tb, Dy, Ho, Er, Tm, Yb, and Lu), greatly expanding the limited library of f‐block mesoionic carbene complexes. These complexes were prepared by treatment of the parent RE‐triamides with an N‐heterocyclic olefin (NHO), where an NHO backbone proton undergoes a formal 1,4‐proton migration to the NHO‐methylene group. For all RE(III) metals, as expected, quantum chemical calculations suggest only a σ‐component to the metal−carbene bonding, in contrast to a previously reported uranium(III) congener where the 5f3 metal engages in a weak π‐back‐bond to the MIC. All complexes were characterised by static variable‐temperature magnetic measurements, and dynamic magnetic measurements reveal that 3Dy and 3Er are field‐induced single‐molecule magnets (SMMs), with Ueff energy barriers of 35 and 128 K, respectively. Complex 3Dy is, as expected, a poorly performing SMM, but conversely 3Er performs unexpectedly well.