An image stabilizing apparatus and method for correcting an image that is shaken due to a movement of a camera is provided. The image stabilizing apparatus includes a reference image setting unit including: a sample frame extract unit which extracts a plurality of image frames taken for a certain period of time from image data generated by photographing an object; and a reference frame extract unit which the plurality of image frames with one another to extract a most stabilized image frame and set the extracted image frame as a reference image frame.