A folding exercise bike has handlebar telescoping members configured to support handlebars, seat telescoping members configured to support a seat, a lower frame member from which the seat telescoping members and the handlebar telescoping members extend, pedals having an attachment point above the lower frame member, a first pair of legs attached to one end of the lower frame member and a second pair of legs attached to another end of the lower frame member. Each leg of the first pair of legs extending at an oblique angle from the lower frame member in a deployed position configured to support the folding exercise bike on a surface and each leg of the second pair of legs extending from lower frame member at an oblique angle in the deployed position.