Exemplary embodiments of a hanging tool support assembly provide a portable, adjustable support to hold and/or position a tool, such as a flashlight. For example, the hanging tool support assembly hangs or is otherwise suspended from a support line proximate to a work area. According to exemplary embodiments, the hanging tool support assembly includes a pair of inverted, J-shaped hangers, a downwardly extending arm, a movable support piece connecting the downwardly extending arm to a tool support base, the tool support base, and attachment means for supporting and/or holding a tool to the tool support base. In some embodiments, the hangers may further include additional safety and/or positioning components.