A bicycle damping system is arranged to reduce vibrations that originate at the bicycle wheel and are transmitted to the rider of the bicycle. Desirably, a front fork assembly is configured to be supported by a bicycle frame and includes a pair of fork legs, which extend in a downward direction along opposing sides of a front wheel of the bicycle. Preferably, the fork legs are configured to support the front wheel at their lower ends. Each of the fork legs can define a cavity and a damping member is positioned within the cavity. The damping member can be forced into contact with a surface of the fork leg. Seat stays, chain stays, the seat post and other components of the bicycle can also include a damping system.