An improved dental bur caddy with a body portion slidably and rotatably connected to a handle portion. The body portion includes a top portion having a plurality of bur holders and the handle portion is concave to cover the top portion. The handle portion is slidable between an open and a closed configuration, and is rotatable between a first position above the top portion, and a second position, wherein in the second position, the handle portion forms a stand configured to hold the top portion in an orientation selected by a user. The apparatus preferably includes a plurality of handle portals in the handle member, wherein each of the plurality of handle portals is configured for viewing a dental bur in each of the bur holders.