Abstract: An adjustable hanger system is disclosed comprising a base member with at least one channel and a plurality of hanging elements. The base member has bore holes and counterbores concentric with the bore holes, adapted to receive mechanical fasteners that secure the adjustable hanger system to a support surface. The base member channel is comprised of two differently sized sections within which a radiused bottom portion of the hanging elements are slidingly and matingly engageable such that the hanging elements can be inserted from a front surface of the base member. The hanging elements have top portions which are used to suspend a wide variety of articles and implements in an organized, space saving manner. Once inserted into the channel, the hanging elements can be positioned in an infinite number of positions to accommodate any particular item for which hanging and storage is desired. In some embodiments, the base member has a cove or groove to provide storage for hanging elements not in use.