Intercropping is a breakthrough in land-use optimization. This work aimed to study the effects of intercropping patterns on the growth, yield, root morphological characteristics, and interspecific competition of maize and soybean, as well as provide a reference for the development of intercropping patterns of maize and soybean in Northwest China. Three different cropping patterns were designed: monocropping maize, monocropping soybean, and maize-soybean intercropping. Agronomic traits, intercropping indicators such as land equivalent ratio (LER), aggressivity (A), competition ratio (CR), and actual yield loss (AYL), as well as root morphological characteristics were assessed. The results showed that, compared with monocropping, the intercropping maize plant height increased by 6.07–8.40%, and the intercropping soybean plant height increased by 35.27–38.94%; the root length density (RLD) of intercropping maize was higher than that of monocropping maize, the RLD of intercropping soybean was lower than that of monocropping soybean, in the 0–40 cm soil layer the intercropping increased maize RLD by 1.79–7.44% while the soybean RLD was reduced by 3.06–9.46%; the aggressivity of maize was greater than 0 and the competition ratio was greater than 1, which was the dominant species; the maize/soybean land equivalent ratio was 1.18–1.26, which improved the land utilization rate. Therefore, the effect of increasing yield can be achieved by changing the maize and soybean planting method, which is beneficial to the ecological strategy of sustainable development in the northwest region.