Previous research has indicated that older adults who expect decline and disease with age are less likely to engage in aerobic exercise. This study explores the influence that different types of aging expectations have on various modes of physical activity (PA) among aging adults.Community-dwelling adults aged 41–97 years (M = 70.8, SD = 12.8, n = 247) completed a questionnaire including the Physical Activity Scale for the Elderly, the Expectations Regarding Aging (ERA) Survey, and a number of demographic, socio-economic, and medical covariates.Bivariate analyses revealed significant relationships between overall ERA scores and multiple modes of PA, but not at multivariate levels. Bivariate analyses of the ERA sub-scales revealed significant associations among PA and the physical health ERA sub-scale but not mental health or cognitive function ERA sub-scales. In the multivariate analyses, higher physical health ERA was correlated with strenuous sport and recreational physical activities after adjusting for all covariates among aging adults without restrictions of daily activity (OR = 1.01, CI = 1.00–1.02, n = 194).The association between aging expectations and PA appears to be dependent on the type of aging expectation (i.e., physical health), the mode or intensity of PA, and the functional abilities of the aging adult.