A series of poly (lactic-co-glycolic acid) (PLGA)/multiwalled carbon nanotubes (MWNTs) composite scaffolds was prepared by electrospinning for tissue engineering applications. The effect of MWNTs content on the structure and properties of composite scaffolds was characterized by scanning electron microscopy (SEM), X-ray diffractrometry (XRD), thermogravimetric analysis (TGA), and universal testing machine (UTM). The attachment ability and viability of rat bone marrow-derived mesenchymal stem cells (BMSCs) in the presence of the scaffolds were also investigated. Morphological characterization showed that the addition of different amounts of MWNTs increased the average fiber diameter; for instance, from 717 nm (neat PLGA) to 2193 nm at 1.0% MWNTs. Thermal characterization showed that the incorporation of MWNTs into the PLGA matrix increased the thermal stability of the composite scaffolds. The analysis of mechanical properties of the PLGA/MWNTs composites revealed great improvement over pure PLGA scaffold. The attachment and proliferation of BMSCs were significantly increased in the PLGA/MWNTs scaffolds compared with the PLGA control. Therefore, the PLGA/MWNTs composite scaffolds fabricated by electrospinning may be potentially useful in tissue engineering applications, particularly as scaffolds for bone tissue regeneration.