I have a sort of portable closet thingy that I hang some from on hangers - this is set up in our basement. The clothes take about 8 hours to dry unless they're heavy cottons which take a bit longer to dry.
I've also just hung clothes on hangers over the shower rack in our bathroom. Again, the drying time varies depending upon the fabric content of the clothes.
My grandma used to hang clothes to dry on a clothesline in her basement. I'm not sure how long it took for them to dry there.
We have a woodstove in the kitchen, which makes the house very dry. I hang the clothes there, or in a hallway where a fan blows the hot air from the stove. In the summertime we hang them outside. My basement is too damp to hang clothes(at least in my house)
I have a drying rack that I've been putting to use lately. I put it next to the furnace in the basement. I didn't think stuff would dry in the cool, damp basement, but they dried quite quickly next to the furnace. I can fit almost a whole load onto the rack, other things I just put on hangers and hang from the rafters.
Right now I just have the small kind that you can get at stores like Target and Walmart. Its fine as far as contruction goes in that I have had it forever and it is still working just fine...no breakage issues or anything. BUT it is way too small. I just use it for things that can't go in the dryer or things that are still damp when the rest of the load is done.
Ths is what I really want from gaiam: Drying Racks Even the "small" version is much bigger than what I have, but I do want the larger version.