In this study, the possibility of using sawdust, a by-product of primary wood processing, as a filler (WF) for rigid polyurethane (PUR) foams was investigated. The effects of the addition of 5, 10, 15 and 20% of WF particles to the polyurethane matrix on the foaming process, cell structure and selected physical-mechanical properties such as density, thermal conductivity, dimensional stability, water absorption, brittleness, compressive and bending strengths were evaluated. Based on the results, it was found that the addition of WF in the amount of up to 10% does not significantly affect the kinetics of the foam foaming process, allowing the reduction of their thermal conductivity, significantly reducing brittleness and maintaining high dimensional stability. On the other hand, such an amount of WF causes a slight decrease in the compressive strength of the foam, a decrease in its bending strength and an increase in water absorption. However, it is important that in spite of the observed decrease in the values of these parameters, the obtained results are satisfactory and consistent with the parameters of insulation materials based on rigid PUR foam, currently available on the market.