Rice production and food security in Sub-Saharan Africa are limited by low soil fertility and sub-optimal fertilization. However, the cost of improving soil nutrient content has become a significant challenge. Therefore, this study evaluated the agronomic and economic benefits of integrating low rate of locally produced biochar, nitrogen (N) fertilizer and no-tillage into the rainfed lowland rice production system in Côte d’Ivoire. Over two years, six treatments combining two rates of biochar (3 and 6 t ha⁻¹) and three rates of N fertilizer (0, 60, and 120 kg N ha⁻¹) under no-till condition (T0) were evaluated against a control (i.e., the current farmers’ practice of manual tillage and 120 kg N ha⁻¹). Data on rice growth, grain yield, labour productivity and production costs were collected and used to assess the partial N use efficiency, benefit, and benefit-cost ratio. Results indicated that the co-application of biochar and N fertilizer significantly improved rice growth, grain yield and labour productivity. The highest partial N use efficiency (113%) was observed under no-tillage combined with 6 t ha⁻¹ of biochar and 60 kg of N ha⁻¹, which also reduced the production cost by 22% and increased the benefit by 224%, relative to the current farmers’ practice. These findings suggest that the application of locally produced biochar at a low rate of 6 t ha⁻¹ with 60 kg N ha⁻¹ and no-tillage, can be recommended to smallholder rice farmers to enhance rice growth, yield, and economic benefits.