Provided is an apparatus and method for computing the location of a radio beacon by using received signal strength (RSS) and multiple frequencies. The apparatus and method of the present invention computes the location of a radio beacon without limitation in distance by using multiple frequencies and received signal strength to resolve the problem of phase ambiguity. A radio beacon location computing system includes a plurality of base stations configured to receive signals of multiple frequencies transmitted from the radio beacon, and detect and output phase differences and received signal strength; and a location computing server configured to receive the phase differences and the received signal strength outputted from the respective base stations, acquire calculation distances based on the phase differences, remove phase ambiguity from the calculation distances based on the received signal strength, and compute the location of the radio beacon.