This paper developed a new environmentally friendly composite modified asphalt material and studied the composite modification of Qingchuan rock asphalt (QRA) and waste tire rubber powder (RP) was studied in this paper. QRA/RP composite modified asphalt was prepared by adding these two materials as modifiers into matrix asphalt and compared with matrix asphalt and QRA modified asphalt. The basic properties of asphalt before and after aging were evaluated by the rotating thin film oven test. The high-temperature performance and permanent deformation resistance at different temperatures and frequencies were analyzed by the dynamic shear rheological test. The bending creep stiffness test was used to evaluate the low-temperature performance. In addition, the microstructure and modification mechanism of composite-modified asphalt were analyzed by scanning electron microscopy and infrared spectroscopy. The results show that QRA-modified asphalt is superior to matrix asphalt in terms of mass loss, viscosity ratio, and residual penetration, while QRA/RP composite-modified asphalt is further improved on this basis, QRA/RP composite modified asphalt can effectively improve the high and low temperature performance of asphalt.. Although the addition of RP is mainly based on physical modification, it also causes weak chemical reactions and enhances the adhesion of asphalt. The interaction between Qingchuan Rock asphalt and rubber powder significantly improves the overall stability of asphalt structure.