A steering wheel apparatus is disclosed. It has a steering shaft and a boss fitted onto the steering shaft. A base is mounted on the rear portion of the boss in such a manner as to be fixed with respect to the axial direction but free with respect to the rotary direction of the steering shaft. A locking disc is rotatably mounted on the outer periphery of the base. A pin holder having a plurality of through holes is mounted on the front portion of the boss. The same number of slide pins are arranged in such a manner as to penetrate through the corresponding through holes in the pin holder for engaging with the stopper. A steering wheel is mounted on the boss through a boss plate. The steering wheel is improved in operation.