Abstract: The present invention, provides a display rack configured expressly for neatly displaying Mylar™ balloons. The Mylar Balloon Display Rack is comprised of a heavy duty wall mounted base plate or “back” plate manufactured of shatterproof plastic with other embodiments manufactured of metal. Running the length of the top and the bottom of the back plate is a heavy duty “L” bracket on which a series of durable plastic pegs for use in securing the actual display panels are mounted. Each square shaped display panel is comprised of lightweight and flexible plastic material. Balloons are inserted in plastic sleeves which encompass the front and back of each panel, thus enabling the retailer to display two balloons with each panel, while larger panels are sized to accommodate two or more balloons per side.