An apparatus and method for filter bank multi-carrier signal modulation with a low peak-to-average power ratio (PAPR) in a multiple antenna system are disclosed. According to embodiments of the present disclosure, in a multiple antenna transmission method, after a plurality of transmission candidate signals, which are modulated for each antenna using discrete Fourier transform (DFT) spread filter bank multi-carrier and offset quadrature amplitude modulation (FBMC/OQAM) techniques and are capable of obtaining a single carrier effect, are generated, a transmission candidate signal with a low PAPR can be selected and transmitted, and thus peak-to-average power ratio performance can be effectively improved, and interference between subcarriers can be eliminated by applying an Alamouti coding manner.