A strap mounted instrument stand includes a pair of hingedly connected plates. The stand is movable between a closed position, in which the plates lie against one another in a generally flat configuration, and an open position, in which the plates are disposed at an angle with respect to one another. A bracket extends in a generally normal direction from one of the plates to support a musical instrument when the stand is in the open position. A securement member secures the plates together in the closed position. Releasing the securement member allows the stand to move to the open position. The stand holds a musical instrument, such as a guitar, in an upright position when not in use.