Disclosed herein are a hybrid memory management apparatus and method for an many-to-one virtualization environment. The hybrid memory management apparatus is implemented in an inverse-virtualization-based multi-node computing system including multiple physical nodes, each containing hybrid memory in which DRAM and NVRAM coexist, a virtual machine, and hypervisors, and includes memory for storing at least one program, and a processor for executing the program, wherein the program includes a remote request service module for processing a page-related request with reference to the hybrid memory and responding to the page-related request by transmitting a result of processing, an internal request service module for processing an internal page fault request with reference to a hybrid memory and responding to the internal page fault request, and a data arrangement module for responding to an inquiry request for a location at which a newly added page is to be arranged in the hybrid memory.