This study explores the possibility of developing a new class of hybrid particulate-filled biocomposites using wood flour and rice husk wastes as environmentally friendly additives to poly(lactic acid) (PLA) as matrix material. Samples were prepared with fillers of different concentrations (0, 2.5, 5, 7.5 and 10 wt %), while the ratio of wood flour and rice husk was fixed at 1:1 in all cases. The preparation of biocomposites was performed through extrusion using a twin-screw extruder. Subsequently, they were formed into specimens by injection molding. Mechanical, thermal, thermomechanical, and morphological properties were examined. The addition of natural waste particles resulted in a remarkable improvement both in tensile and flexural modulus; however at a cost of impact strength and tensile strength. Meanwhile, flexural stress at conventional strain values were barely affected by the presence of wood flour and rice husk. The SEM images confirmed that there is a limited interfacial adhesion between the components, which supports the results obtained during mechanical tests. Both the differential scanning calorimetry (DSC) and the dynamic mechanical analysis indicated that the glass transition temperature of PLA was not affected by the incorporation of filler particles; however, the crystalline structure was gradually altered with increasing filler loading according to the DSC. Additionally, the particles were observed acting as nucleating agents, thereby increasing the overall crystallinity of PLA.