The research on black soldier fly (BSF; Hermetia illucens L.; Diptera: Stratiomyidae) rearing is on the rise. The larval ability to grow on organic substances makes it an ideal candidate for the bioconversion of agricultural and other organic side streams. While there are several publications on the variables influencing the growth and development of different stages of BSF, juxtaposing the results could be amiss. This is because of the different experimental approaches and units used by the researchers. A few publications also lack information that might be necessary for comparing the results when using similar substrate and rearing conditions. In this review, we have analyzed the studies on rearing variables such as the type of feeding substrate, substrate depth and aeration, substrate temperature, substrate moisture, pH, feeding rate, and larval density mainly, but not exclusively, for the larvae. For the adults, factors such as the cage size, fly density, light, ambient temperature, and relative humidity are considered. In addition, larval performance when fed with side streams is encapsulated. This provides a backbone for future researchers to identify the already assessed variables along with their range and encourages them to define and use standardized rearing practices for a better comparison of the results.