The recycled polypropylene (rPP) materials that meet technical requirements such as reducing the dimensions and improving the tensile, elongation, impact strength, thermal stability, as well as melt processing, are required for the manufacturing industry. In this paper, we studied the mechanical and thermal properties of post-consumer rPP by adding both synthesized thermoplastic elastomers, and glass bubbles (GB) by a melt allowing process. Styrene-butadiene (SBS) and styrene-isoprene (SIS) block-copolymers that had a styrene content of 30 wt% were synthesized by anionic sequential polymerization. The obtained post-consumer rPP composites were characterized by optical microscopy, scanning electron microscopy (SEM), mechanical analyses (tensile, density, hardness, VICAT softening temperature (VST), heat deflection temperature (HDT), dynamic mechanical analysis (DMA), IZOD strength) and thermal analyses (differential scanning calorimetry (DSC) and thermogravimetric analysis (TGA)). Weight reduction and improvement of the tensile, elongation, impact strength, thermal stability, as well as melt processing of post-consumer recycled polypropylene (rPP) properties compounded with thermoplastic elastomers and glass bubbles, sustain the use of these formulations for engineering applications.