An SRS transmission method and apparatus are provided. The method includes: A terminal device determines a first frequency band, and receives SRS configuration information from a network device, where the SRS configuration information is used to indicate an SRS transmission frequency band. The terminal device determines the SRS transmission frequency band based on the SRS configuration information, where the SRS transmission frequency band is included in the first frequency band. The terminal device transmits an SRS to the network device in the SRS transmission frequency band. A bandwidth of the first frequency band is greater than a maximum channel bandwidth supported by the terminal device. According to the foregoing method, the terminal device can transmit an SRS within a larger frequency resource range, or a bandwidth corresponding to a transmission frequency band of the SRS is more suitable for a terminal device with a low bandwidth capability.