A foldable walker apparatus includes a pair of spaced-apart inner frame members of two parts each hinged together, with a pair of link members diagonally extending therebetween. Each link has a bend extending upwardly and outwardly. The walker has support members that are arc-shaped with a seat extending between their apexes. A collapsible basket is provided with two end members each having a rigid peripheral portion connecting the frame members and a basket member of flexible fabric extending therebetween. A self-adjusting brake rod is provided with a gripping member spring-biased to remain free of the brake rod until the gripping member is operatively actuated to engage and thereby actuate the brake rod. A brake housing fully extends around a brake pad mechanism, including a means for connecting and adjusting the corresponding brake pad, to at least the outer periphery of one of the wheels for fully protecting the brake pad mechanism.