A collapsible market basket apparatus includes a crate with a bottom having a bottom rectangular frame and a top rectangular frame having strap attachment features on each of four sides. A pair of lateral rotating sides are pivotally attached to opposite lateral sides of the top rectangular frame to rotate downward to a vertical position to engage the bottom rectangular frame. Each lateral rotating side is shaped to fit within a proximate half of the top rectangular frame when pivotally rotated to a horizontal position. A pair of lateral collapsible sides are attached respectively between opposite front and back sides of the top rectangular frame and the bottom rectangular frame. The lateral collapsible sides have an expanded vertical length of the lateral rotating sides. A strap has a latching feature rotatably attached at each end to latch to opposite sides of the top rectangular frame as a carrying strap when the crate is expanded and as a stowage strap when the crate is collapsed.