The invention relates to a tubeless bicycle tire and rim. The rim is formed with opposing recesses configured to engage corresponding beads formed on the tire. With the beads engaged in the recesses, the tire and rim seal for form an air tight, sealed chamber such that no inner tube is necessary. The rim is formed with a single aperture having a valve installed therein. Preferably, the valve is formed with a ring which extends into the air tight, sealed chamber. In the event of a flat tire, the tire may be removed from the rim. The valve may also be removed by grasping the ring and pulling.