Provided is an apparatus for adaptively controlling a received power of a multi-antenna radio channel measurement equipment, the apparatus including: a plurality of antennas to receive a measurement signal; a switch unit comprising a plurality of switches to input the measurement signal; a switch control unit to control the plurality of switches of the switch unit to sequentially input the measurement signal; a reception (Rx) attenuator to adjust a Received Signal Strength Indication (RSSI) of the measurement signal; an Rx AGC control unit to control the Rx attenuator to adaptively adjust the RSSI of the measurement signal; a timing control unit to generate a reference timing signal for the switch control unit and the automatic RSSI control unit; and a digital baseband control unit to collect and store information associated with the measurement signal.