A foldable pedal assembly includes: a pedal frame formed with left and right studs opposite to each other in an axial direction; a crank-connecting part including left and right wing units that define left and right recesses, respectively, the left and right studs extending into the left and right recesses and being pivoted to the left and right wing units, respectively; left and right urging members disposed in the left and right recesses to urge the pedal frame in a first direction transverse to the axial direction, and to urge the crank-connecting part in a second direction opposite to the first direction; a first limiting unit abutting against at least one of the left and right studs by urging action of the urging members; and a second limiting unit abutting against at least one of the left and right wing units by urging action of the urging members.