An apparatus for sharing redundancy circuits between memory arrays within a semiconductor memory device includes at least two main memory arrays comprised of a plurality of memory cells aligned in rows and/or columns and a shared redundancy circuit. The redundancy circuits preferably include a plurality of redundancy rows and a redundancy decoder which is configured for accessing the redundancy rows whenever a read or write operation involves use of a defective row within the main memory arrays for which a redundant row has been substituted. Preferably, each main memory array has access to the shared redundancy circuit. The shared redundancy circuit is used for substituting defective rows within a corresponding main memory array. The shared redundancy circuit provides extra redundant capacity to both of the main memory arrays.