A modular compact trailer for a utility terrain vehicle or an all-terrain vehicle that includes a trailer frame with a bed and a plurality of walls, at least two axle retention boxes, at least two axles, and a tongue. The at least two axles that are removably couplable to a corresponding axle retention box. The tongue is removably couplable to a front end of the trailer. The modular compact trailer includes a storage configuration in which the trailer frame is upright with components stored within the trailer frame. The modular compact trailer includes a transportation configuration in which the trailer frame fits within a bed of a standard truck bed with components stored within the trailer frame. The modular compact trailer includes an assembled configuration, the at least two axles are attached to the corresponding axle retention box and the tongue is attached to the front end of the trailer.