A foldable container comprises a body having an interior chamber with a top opening and a closed bottom. The body includes two opposing short sidewalls and two opposing longer sidewalls that form a perimeter around the interior chamber. The short sidewalls are foldable along respective vertically extending fold lines. The container also includes a bottom panel positionable within the interior chamber to be laid against the closed bottom, and a lid hingedly coupled to the body for selectively closing the top opening. The bottom panel is hingedly coupled to the body and is foldable along a first horizontal fold line. Furthermore, the lid is foldable along a second horizontal fold line. The foldable sidewalls, bottom panel, and lid allow the container to be folded between an expanded position and a collapsed position.