An exercise bike and seat combination assembly includes a frame with an upper portion and a plurality of legs attached to the upper portion. The upper portion has a front end, a back end and a central member. The central member has an elongated opening therein. A backrest is pivotally coupled to the back end. An exercise bike is positioned beneath the frame and includes a housing having a wheel rotatably attached thereto. A pedal assembly is mechanically coupled to the wheel. A post is attached to and extends upwardly from the housing and a bike seat is attached to an upper end of the post. The bike seat is positionable in a stored position beneath the upper portion or in a deployed position extending through the elongated opening. A seat panel is removably positioned on the top portion.
