A bicycle meter assembly with locating function includes a sensor module and a receiver module. The sensor module includes a microprocessor, a sensing unit, a display unit, a keypad, an encoder, and a wireless transceiver. The receiver module includes a wireless receiver, a decoder, and a warning unit. The sensor module and the receiver module are separately installed on a bicycle at two selected positions. The sensor module senses and displays traveling information and user's body signals that are generated when the bicycle is moving. When the user wants to locate the bicycle being parked at a selected place, the keypad can be pressed to generate a call signal, which is sent to the receiver module for the warning unit to emit a warning signal.