A display module and a display apparatus. The display module comprises: a display substrate (10); a cover plate (20) located on one side of the display substrate (10); a lens layer (30) located on the side of the cover plate (20) distant from the display substrate (10); and a frame (40). The frame (40) comprises: a first fixing part (41) located on the outer side of the cover plate (20), the first fixing part (41) abutting against the lens layer (30); and a second fixing part (42) connected to the first fixing part (41), the second fixing part (42) being located between the cover plate (20) and the lens layer (30), and the second fixing part (42) abutting against the cover plate (20). A light propagation gap (50) is formed between the second fixing part (42) and the lens layer (30).