It happened Friday night at around 11:15 p.m. in Burlington.
Burlington Police Department said an older model SUV hit the cyclist on Maple Avenue just south of Interstate 40.
The cyclist, 31-year-old Michael Blake Hensley, died at the scene.
The driver of the SUV refused to stop; instead, they continued north on Maple Avenue and have not been seen since.
Investigators said anyone in the area who notices an older model SUV with front-end damage should call (336) 229-3500 immediately.