A combination livestock and travel trailer includes a trailer frame having wheels, a base floor and an upper ceiling, living quarters in the front portion of the trailer having a living floor above the base floor and a ceiling in common with the upper ceiling, a livestock portion in the rear portion of the trailer having a floor in common with the base floor and a horse ceiling below the upper ceiling, a first cargo area defined by the space between the horse ceiling and the upper ceiling and a second cargo area defined by the space between the horse ceiling and the upper ceiling. Additional components of the trailer may include a removable cover for the second cargo area, a gravity-fed water system with a fresh water tank in the second cargo area, a solar hot water heater, and fresh, gray, and black water tanks in the first cargo area down the center of the first cargo area with storage compartments along the outside of the trailer.