A wetsuit storage and drying apparatus includes a housing that defines an interior space, an opening that is closable by a door, the opening through which a wetsuit can be provided and retrieved, and one or more racks connected with an inner wall of the housing and on which a wetsuit can be draped. The apparatus further includes a dehumidifier for drawing moisture from a proximity of each wetsuit to condense the moisture and dispense with the condensation from the interior space, allowing each wetsuit to dry quicker and more efficiently than conventional techniques.