A collapsible drying rack for drying wet garments is provided. The drying rack preferably includes a right and a left frame, with each frame including a top and a bottom leg. Crossbars on which garments may be hung connect the left and right frames to one another. The top and bottom legs of each frame are engaged to one another at a joint that that allows the legs to be placed at a variety of angles relative to one another. Each joint also may include a locking member that keeps the legs at a particular angle relative to one another, including a 0° angle so that the rack can be collapsed and compactly stored when not in use.