There is provided a shake correction apparatus having an image pickup optical system that includes a correction lens capable of moving in a direction orthogonal to an optical axis. The shake correction apparatus comprises: a detection unit that detects shake applied to the shake correction apparatus; a determination unit that determines a reference position of the correction lens; and a drive unit that drives the correction lens with the reference position serving as a center position, so as to correct the shake detected by the detection unit. The determination unit determines the reference position, in a range where a condition that a Modulation Transfer Function (MTF) of the image pickup optical system when the correction lens is positioned at the determined reference position is equal to or larger than a threshold is satisfied.