Abstract: A rifle is provided. The rifle comprises a barrel, a handguard partly axially surrounding the barrel, and a modular accessory system. The modular accessory system comprises a housing and a modular accessory support system positioned within the housing, wherein the support system includes at least two modular accessory slots. The modular accessory system also comprises a modular accessory removably secured and individually adjustable within each slot. The housing partly axially surrounds the barrel and is positioned axially adjacent to the handguard such that a combination of the handguard and the housing surrounds the barrel completely in an axial manner. Support system configurations of preferably either tray-type or platform-type may be contemplated. The modular accessory system may further comprise a common power source and a display system. A modular accessory system for rifles capable of exchangeably mounting accessories thereto in plug-and-play fashion is therefore achieved.