Nano zero-valent iron particles (nZVFe) are known as one of the most effective materials for the treatment of contaminated water. However, a strong tendency to agglomerate has been reported as one of their major drawbacks. The present study describes a green approach to synthesizing stabilized nZVFe, using biomass as a porous support material. Therefore, in the first step, biomass-derived activated carbon was prepared by thermochemical procedure from rice straw (RSAC), and then the RSAC-supported nZVFe composite (nZVFe–RSAC) was employed to extract Pb(II) from aqueous solution and was successfully synthesized by the sodium borohydride reduction method. It was confirmed through scanning electron microscopy (SEM) and X-ray diffraction (XRD) characteristics that the nZVFe particles are uniformly dispersed. Results of the batch experiments showed that 6 (g L−1) of this nanocomposite could effectively remove about 97% of Pb(II) ions at pH = 6 from aqueous solution. The maximum adsorption capacities of the RS, RSAC, and nZVFe–RSAC were 23.3, 67.8, and 140.8 (mg g−1), respectively. Based on the results of the adsorption isotherm studies, the adsorption of Pb(II) on nZVFe–RSAC is consistent with the Langmuir–Freundlich isotherm model R2=0.996). The thermodynamic outcomes exhibited the endothermic, possible, and spontaneous nature of adsorption. Adsorption enthalpy and entropy values were determined as 32.2 kJ mol−1 and 216.9 J mol−1 K−1, respectively. Adsorption kinetics data showed that Pb(II) adsorption onto nZVFe–RSAC was fitted well according to a pseudo-second-order model. Most importantly, the investigation of the adsorption mechanism showed that nZVFe particles are involved in the removal of Pb(II) ions through two main processes, namely Pb adsorption on the surface of nZVFe particles and direct role in the redox reaction. Subsequently, all intermediates produced through the redox reaction between nZVFe and Pb(II) were adsorbed on the nZVFe–RSAC surface. According to the results of the NZVFe–RSAC recyclability experiments, even after five cycles of recovery, this nanocomposite can retain more than 60% of its initial removal efficiency. So, the nZVFe–RSAC nanocomposite could be a promising material for permeable reactive barriers given its potential for removing Pb(II) ions. Due to low-cost and wide availability of iron salts as well as rice biowaste, combined with the high adsorption capacity, make nZVFe–RSAC an appropriate choice for use in the field of Pb(II) removal from contaminated water.