An exercise apparatus configured to be readily stowed and transported. The apparatus includes a lifting bar and a pair of frames. Each of the frames includes a support member and base. Each support member has a distal end opposite its base and a series of adjustment holes therethrough for receiving one end of the lifting bar. The support member of one frame has a cavity that is sufficiently large to slidably receive the support member of the other frame. Each base has a stowage hole adapted to receive one end of the lifting bar. The apparatus includes fasteners by which the ends of the lifting bar can be secured within a pair of the adjustment holes in the support members to define a deployed configuration of the apparatus, as well as secured within the stowage holes in the bases to define a stowed configuration.