A balance rehabilitation and training apparatus and method of using the apparatus is disclosed. The apparatus includes a support member, an optional base member, a handle carriage structure, a free-floating handle container member and a free-floating handle member. The apparatus allows the user to perform balance enhancing exercises while holding the free-floating handle member within the area inscribed within the free-floating handle container member thus allowing the user to experience postural sway during the course of the exercise to reinforce the appropriate motor program. The apparatus provides rehabilitation and training in balance impaired patients and in individuals without balance impairment but who seek to enhance postural stability.