Three-dimensional (3D) bioprinting offers significant potential for the repair of articular cartilage by engineering functional osteochondral tissue. However, progress has been hindered by a lack of printable bioinks that promote the development of bone and chondral tissue while also maintaining sufficient cytocompatibility and mechanical strength. Herein, we designed a biphasic osteochondral plug with distinct chondral and bone regions and developed suitable bioinks for each tissue using photorheology and compression testing. The chondral region consisted of human bone marrow-derived mesenchymal stem cells (hbMSCs) encapsulated in a chondral bioink composed of methacrylated hyaluronic acid and high molecular weight hyaluronic acid. The bone region was 3D bioprinted from an hbMSC-laden methacrylated gelatin (GelMA) bioink and a biodegradable thermoplastic and ceramic lattice that provided mechanical strength. The viability and functionality of hbMSC encapsulated in the bioinks were confirmed through live/dead assays, histology, biochemical assays, and fluorescence microscopy. Over 56 days of culture in a chondrogenic medium, hbMSCs encapsulated in chondral bioink deposited cartilage-like extracellular matrix components, such as type II collagen and glycosaminoglycans. Similarly, cells encapsulated in the bone bioink and cultured in osteogenic medium deposited hydroxyapatite, a key component of bone. These findings provide promising initial results for using 3D-bioprinted plugs to repair osteochondral defects in articular cartilage.