A stroller having a movable basket assembly with a basket frame pivotally connected to a stroller frame, a basket release mechanism disposed between the basket frame and a lower cross member of the stroller frame, and a basket fabric attached to the basket frame. The basket release mechanism includes a plunger, an actuator, and a spring associated with the plunger and actuator. The plunger has an engagement end that engages a corresponding groove of a link connected to the lower cross member. The actuator is movable between a first position, in which the plunger is engaged with the groove, to a second position, in which the plunger can be disengaged from the groove, in order to move the basket frame between an upper position and a lower position.