A compact folding bicycle carrier has a frame, a folding lower foot member and a pair of folding articulated upper carrying members. The lower foot member is pivotally mounted to a lower end of the frame and constrained for limited movement relative thereto. Each articulated carrying member has a supporting arm and a carrying arm. One end of each supporting arm is pivotally mounted to an upper end of the frame at opposite sides thereof. Each carrying arm is associated with one supporting arm. Each carrying arm has a cradle for holding a bicycle adjacent one end and an upper foot at the other end. Each carrying arm, between the cradle and the upper foot, is pivotally mounted to its respective supporting arm. The supporting arms are constrained for limited movement relative to the frame and each carrying arm is constrained for limited movement relative to its respective supporting arm.