Abstract: A fishing rod storage device and method for storing and carrying fishing rods such that the rods are held in a stable configuration without allowing the rods to touch each other, thereby avoiding damage during storage or transport. The device includes two racks, each having a paired plurality of holes and slots for accepting the rod tip and handle. The slots are preferably T-shaped. The rod storage rack allows fishing rods to be stored vertically by mounting on a wall or horizontally by mounting on a wall or a ceiling, for example. A retainer cord holds the fishing rods securely in the storage device to prevent accidental displacement during storage. The portable fishing rod storage rack typically includes two elastic cylindrical bodies each having a plurality of indentations or grooves which accept the rod element of the fishing rod and which are made of a plastic foam material that retains as many as about eight fishing rods.