I have wanted a kitchen rack for a long long time. I don't know why I considered it to be so prohibitive. I guess I never had the motivation to get one until I moved into this tiny mouse-hole apartment with its tinier mouse-hole kitchen. You don't know how depressed it makes me to have such a tiny kitchen, with all the cooking I do (and all the appliances that need storage space!).
Enter: the IKEA kitchen rack. I got this baby for a mere $15 at my local IKEA, plus $2.99 per pack of 5 hooks (I got two packs). And, it was pretty easy to install. I needed exactly 4 screws plus 4 plastic wall anchors. Oh, and a drill. We drilled four holes, hammered in the anchors, and then screwed the rack to the wall. The whole process took 10-15 minutes.
I can now enjoy my cookery-as-wall-art, I have this stuff out of the way, and I don't even have to store my cookware in the oven like I was doing before this went up. I even hang some of my cooking utensils!