An exercise rack enclosure system for providing an exercise rack which is concealable within an enclosure. The exercise rack enclosure system generally includes an enclosure including an interior space. An exercise rack is pivotably connected to the enclosure within the interior space. The exercise rack is adjustable between a collapsed position, in which the exercise rack is completely positioned within the interior space of the enclosure, and an extended position, in which the exercise rack extends out of the interior space of the enclosure for use. The enclosure may optionally include one or more doors for concealing the interior space and exercise rack when not in use. Various attachments may be stored in the enclosure and removably connected to the exercise rack for performing a wide range of exercise moves.