A paddle board rack is provided and which is designed to be secured to one side of a dock which extends outwardly into a body of water. The paddle board rack of this invention includes a vertically disposed mounting frame which is secured to one side of the dock. A lift frame is selectively vertically adjustably secured to the mounting frame. The lift frame includes a pair of lift arms which extend outwardly from the lower end of the lift frame. The lift arms are selectively movable from a first horizontally extending paddle board loading/unloading position to a substantially vertically disposed paddle board storage or rack position whereby the paddle board is positioned between the lift arms and the lift frame.