Abstract: There is provided a collapsible drying rack for easy packing and transport. The drying rack in configurable between a non-operative compacted configuration to an operative deployed configuration where a plurality of arms extends outwardly of the body for drying operation. Reversible conversion of the rack from the non-operative configuration to the operative configuration is performed by actuation of a triggering assembly. Once deployed, each arm may be used for hanging wet items such as clothes or sport's equipment. The drying rack may be anchored to various types of support via a retainer assembly including one or more elements for clipping and/or hanging the drying rack to the support.