After my last wooden drying rack gave out and I bought a new one, I was very disaapointed. I bought one from Target, who usually has great products in my experience, and after the second round of drying it was listing to one side like the Tower of Pisa, and the top rod that hold the whole thing together was bending at an alarming angle.
So after some internet searching this week, I found the FROST rack at Ikea. Wow. It is sturdy coated steel, and had space for about 1 and half full loads of laundry. And, it costs just under $20. I am in love. Really.