A system and method for bicycle sharing and rental with a rack and one or more bicycles. The rack has a base with one or more locking arm(s), wherein each locking arm has a first end secured to the base and a second end, further wherein the second end has a fixture attached. The rack does not have any closed loops, preventing unauthorized bicycles from being secured to it. The bicycles have a controllable portion of a locking mechanism and a control device, wherein the control device is configured to enable the fixture to be secured to the controllable portion of the locking mechanism and further secure the bicycle device(s) to the rack.