Aren't dish drying racks the worst?! I refused to put a bulky monstrosity in our kitchen, where every inch of counter space is valuable. Like most clever, space saving breakthroughs we've made in our 350 sq/ft apartment, my husband and I quibble over who came up with this stroke of genius (me). All arguments aside, here's what we did...
We used an IKEA pot lid organizer and placed it on top of a silicone drying mat (cut to size). The result is a more attractive, compact solution that fits perfectly on the sliver of real estate next to the sink. I promise you, it holds more dishes than you may imagine! In the words of the esteemed Martha Stewart, "It's a good thing."