A magnetic recording medium capable of preventing contact with a magnetic head for use in recording or reproduction, during recording or reproducing of record data. The magnetic recording medium has a disk-shaped substrate having a surface formed with an annular data-recording area, an outer area outward of the data-recording area, and an inner area inward of the same. The annular data-recording area has a plurality of tracks separated from each other by concentric separating grooves. At least one of the outer area and the inner is subjected to lift-adjusting treatment for enabling adjustment of lifts applied to the magnetic head. This makes it possible to effectively prevent the magnetic head from being inclined to be brought into contact with the magnetic recording medium.