A perpendicular magnetic recording medium is disclosed in which crystal axis orientation dispersion, crystal grain diameter, and crystal grain diameter dispersion in a magnetic recording layer are reduced. The perpendicular magnetic recording medium has a structure having, stacked sequentially on a non-magnetic substrate, at least an amorphous underlayer, a lower orientation control layer made of Ru or Ru alloy of an hcp structure, an upper orientation control layer that is made of alloy containing an element selected from the group consisting of Co and Ni and an element selected from the group consisting of Cr, W, and Mo and that has an fcc or hcp structure, an intermediate layer, and a magnetic recording layer.