In this study, regenerated and nonregenerated off-the-road (OTR) ground tire rubber (GTR) was blended with low-density polyethylene (LDPE) to produce thermoplastic elastomers (TPE) by rotational molding. In particular, blending was performed by two different methods: melt blending (extrusion) and dry blending (high shear mixer). Then, different GTR concentrations (0, 20, 35, and 50 wt %) were used to determine the effect of rubber content on the processability and properties of the rotomolded compounds. From the samples produced, a complete morphological (optical and scanning electron microscopy), physical (density and hardness), and mechanical (tension, flexion, and impact) characterization was performed. The results showed that increasing the rubber content decreased the mechanical rigidity and strength but increased the elasticity and ductility. Finally, although melt blending led to slightly better properties than dry blending, the latter is more interesting to limit possible material degradation (mechanical, thermal, and oxidative), while reducing processing cost and time.