Abstract: The present invention provides hanging storage compartment apparatus with various shelf levels adapted to be suspended by a plurality of tension lines from an overhead structure, such as a ceiling. The storage apparatus includes at least one storage unit rotatably mounted to a suspended stationary member, such as a platform. Tension lines secured to the suspended member or platform are used to hang the storage apparatus from the overhead structure. A rotation bearing, such as a ball bearing ring, interposed between the suspended member or platform and the storage unit enables rotation of the storage unit relative to this suspended stationary member. In a further embodiment of the invention, upper and lower storage units, both of which are rotatable, may be mounted respectively above and below the suspended platform.