Disclosed are a method and an apparatus for channel quality estimation in consideration of interference control and coordinated communication in a cellular system. A base station receives an SRS transmitted by a terminal to thus measure received power, and then configures, for the terminal, a CSI process which may measure SINRs for base stations having higher SRS received power. If the terminal feeds back, to the base station, channel quality information for the configured CSI process, the base station determines an SINR and a MCS to be applied to data transmission in consideration of a received CQI and a CoMP transmission scheme, and applies the determined SINR and MCS to thus transmit data.