An integrated flywheel set for exercise equipment includes a base plate, a flywheel that is coaxial with the base plate and arranged such that an accommodating space is formed between the flywheel and the base plate, a magnetic damper unit that is deposited on the base plate and received in the accommodating space and provides magnetic attraction to hinder the flywheel from rotation, and a transmission that is received in the accommodating space and configured to drive the flywheel to perform an inertial motion. Thereby, the integrated flywheel set has the magnetic damper unit, a driving wheel set, a driven wheel set, and a multiplying wheel set integrated on the base plate, allowing exercise equipment to have its internal space used more effectively, and making the production and maintenance of the integrated flywheel set easier, thereby providing economical advantage.