A tiltable steering wheel apparatus comprises a tilting mechanism provided under a grip portion of a steering wheel. The tilting mechanism includes a steering wheel support member for supporting the steering wheel to be tiltable about a pivotal axis extending along a transverse direction of a vehicle body, and a control lever switchable between a tilting allowing mode for allowing tilting movement of the steering wheel and a tilting preventing mode for preventing tilting movement of the steering wheel. The control lever has an extension extending toward the grip portion with a manual control portion provided in a distal end thereof to be operable with the fingers of the operator holding the grip portion of the steering wheel.