A bicycle with a common point shock absorber comprises a bicycle frame and a shock absorber. The bicycle frame comprises a front frame and a rear frame, an upper linkage device and a lower linkage device connected pivotally to the front frame and the rear frame. The shock absorber is mounted in the bicycle frame and comprises a first connecting member connected pivotally to the upper linkage device, and a second connecting member connected pivotally and coaxially to the lower linkage device and the front frame. Thus, assembling the component and the assembly process can be simplified. Convenience for component assembly and repair has been improved. Manufacturing costs are reduced.