For small kitchens with a less-than-desirable amount of storage space, the walls usually are a good place to turn. You can get fancy and build your own pegboard, or you can just keep things simple with a ready-to-hang shelf. If you opt for the latter, you can still fun things up with all sorts of storage options. Just look at this hanging kitchen rack on Amazon.
Crafted out of sturdy aluminum, the rack is lightweight (clocking in at just under two pounds) but can hold up to 40 pounds. It has eight hanging hooks that will keep pots, pans, and utensils within arm's reach; a dedicated bar for a dishtowel; and multiple slots made specifically for safely storing knives. The open shelf can store items that you use frequently (olive oil, a big box of kosher salt, etc.), and the two removable cups are perfect for storing smaller tools like peelers, bottle openers, and paring knives. Plus we love that it looks like it's straight out of an industrial kitchen.
Not much of a stainless steel fan? That's okay! A renter in New York City gave his a glam upgrade with Rust-oleum's Specialty Metallic gold spray paint. It's the exact same $20 shelf, but now it looks like it was more than $100, no?
See the rest of his kitchen: This Smart, Inexpensive Pot Rack Has a Secret