Preheat oven to 325°F. Spray a 9x13 inch baking dish with cooking spray.
Place the chicken in the baking dish.
In a medium bowl, add the soup and ranch seasoning. Whisk until well combined. Add the rice and water to the bowl. Whisk until the soup is dissolved in the water.
Pour the rice mixture evenly in the dish over the chicken breasts.
Sprinkle the bacon bits evenly over the chicken and rice. Top with the shredded cheddar cheese.
Cover the dish with aluminum foil. Make sure the foil is sealed around the edges to trap in the steam and cook the rice.
Cook for an hour and 15 minutes.
Video
Notes
Make sure the aluminum foil forms a seal around the baking dish to trap in the steam. If the steam escapes, the rice will not cook properly.