An armrest assembly includes an armrest and a lid mounted on the armrest for relative rotational movement between a closed and open positions. The lid includes a handle cradle with handle guides on opposed sides and an intermediate inner guide. A handle is located in the handle cradle for relative movement between a latch position and a release position. The handle includes a latch. The latch retains the lid in the closed position when the handle is in the latch position. The handle includes a clip that engages a slot on the lid to retain the handle in the handle cradle. The handle also includes guide channels on opposed sides. The guide channels engage the handle guides. The handle includes an intermediate inner guide space. The inner guide space engages the inner guide. The armrest assembly also includes a spring that biases the handle into the latch position.