We always find ourselves doing lots of extra laundry during the holiday season- all those parties create a lot of dirty tablecloths and napkins. We try to minimize our dryer use, both because of the environmental impact and the delicate nature of our inherited linens, and so are always on the look out for compact drying racks to make the process easier.
The Green Store's sturdy wooden drying rack is built in Maine from kiln dried Eastern white pine and birch dowels. At 30"W it gives you 56 feet of drying space- the equivalent to a full dryer load. We especially love that the top folds down for delicates and sweaters. This drying rack is designed to work in small spaces; it is collapsible and can even be closed and carried while loaded if company drops in unexpectedly. At $80 plus shipping, this drying rack is an excellent eco-friendly alternative to running the dryer.

Comments (3)
$80!!!! You can get a smaller one at Container Store for $10! Buy 2! http://www.containerstore.com/shop/madeintheUSA/laundry?productId=10000492 Or just, you know, string up a line somewhere that you can take down between dryings.
That would have been a good rack to have in my old apartment. I have a cheapie wooden drying rack from Target. Thankfully, in my current apartment there are already closelines hung all over the basement. I dry most of my stuff on the lines. Socks, undies and the like go on the drying rack in my room (the basement is shared space).
I like this a lot. We use one of those back-of-the-door shoe racks for socks and undies, but it's not so great for sweaters.