The effects of the partial replacement of soybean with alternative local agri-industry by-products and black soldier fly (BSF) larvae meal on broiler growth performance, blood biochemistry, welfare, and, subsequently, economic performance of these diets were evaluated. A total of 524 day-old chicks from a local and a commercial strain were fed one of the three diets from the day of hatch to the slaughter age. The diets were the following: a soybean-based control diet, a diet in which soybean was partially replaced (SPR) with agri-industrial by-products, or a diet with BSF larvae meal added to the SPR (SPR + BSF). There was no effect of the diets on the slaughter weight, total feed consumption, and feed conversion of the chickens. The SPR + BSF diet reduced the blood glucose, alanine aminotransferase, aspartate aminotransferase, gamma-glutamyl transferase, protein, triglycerides, and cholesterol levels in the local chickens and the gamma-glutamyl transferase, protein, and creatinine levels in the commercial broilers. The negative effect of the SPR diet on plumage cleanliness in the commercial broilers was alleviated by the SPR + BSF diet, whereas 100% of the local birds presented either slight or moderate soiling. The results showed that, due to the high cost of the BSF larvae meal, the SPR + BSF diet was not economically feasible. In a further study, the price trends of BSF larvae will be examined from the standpoint of economic profitability conditions.