A vehicle periphery monitoring apparatus (1) includes a camera (90), an electronic control unit (40) and a display unit (83) configured to display the display image. The ECU (40) is configured to generate a display image of an external environment based on image information from the camera (90) such that the display image includes a first display image (50; 60) from a first predetermined viewpoint from which one of right and left side surfaces of a host vehicle and a rear portion or a front portion of the host vehicle are obliquely seen from above. The ECU (40) is configured to generate and output the display image including the first display image (50;60) in at least any one of a predetermined first traveling status of the host vehicle, a predetermined periphery status of the area on either side of the host vehicle, and a state in which a turn signal lever is manipulated.