An adjustable caster comprising a reversible mounting bracket offering added flexibility in adjusting the height of the caster and configured to removably attach to a structure to be supported by the adjustable caster; an internally threaded sleeve mounted to and extending from the mounting bracket, the sleeve having proximal and distal ends and a sleeve axis extending there between; an externally threaded stem configured to be removably threaded into the sleeve at either the distal or proximal end; a caster wheel assembly attached to the stem; and an adjustment assembly operatively associated with the stem and fully accessible to a user of the caster when the caster is assembled and the mounting bracket is attached to the caster-supported structure, the vertical adjustment assembly configured to adjust the vertical displacement of the stem along the sleeve axis.