The purpose of this article is to review steatosis and fibrosis of skeletal muscle, focusing on older adults. Although CT, MRI, and ultrasound are commonly used to image skeletal muscle and provide diagnoses for a variety of medical conditions, quantitative assessment of muscle steatosis and fibrosis is uncommon. This review provides radiologists with a broad perspective on muscle steatosis and fibrosis in older adults by considering their public health impact, biologic mechanisms, and evaluation using CT, MRI, and ultrasound. Promising directions in clinical research that employ artificial intelligence algorithms and the imaging assessment of biologic age are also reviewed. The presented imaging methods hold promise for improving the evaluation of common conditions affecting older adults including sarcopenia, frailty, and cachexia.