Reduced graphene oxide (rGO) was used to obtain Polystyrene (PS)/rGO nanocomposites via in-situ suspension polymerization. The main goal of the article was to determine how rGO influences the morphology and thermal properties of PS beads. The obtained samples were studied by means of a scanning electron microscope (SEM), and calorimetric and thermogravimetric analysis (DCS, TGA). It was proven that the addition of rGO, due to the presence of polar functional groups, causes significant changes in bead sizes and size distribution, and in their morphology (on the surface and in cross-section). The increasing amount of rGO in the polymer matrix increased the size of beads from 0.36 to 3.17 mm for pure PS and PS with 0.2 wt% rGO content, respectively. PS/rGO nanocomposites are characterized by distinctly improved thermostability, which is primarily expressed in the increase in their decomposition temperature. For a sample containing 0.3 wt% rGO, the difference is more than 12 °C in comparison to pure PS beads.