Abstract: A bicycle storage rack has substantially straight, horizontally extending upper and lower anchoring members that extend generally parallel to one another and are secured to building members such as a floor, wall or ceiling. A row of vertically extending bicycle support members are connected to the upper and lower anchoring members with the support members being spaced apart from one another to provide a series of bicycle receiving gaps therebetween. Hangers or hooks are provided on at least some of the bicycle support members to support bicycles, hung by a wheel rim, at an elevation above the floor.