Provided are an apparatus and a method for saving a memory in a portable terminal, the method includes receiving a request for basic data and an address indicating a storage position of the basic data; determining whether the requested basic data has been stored in a paging buffer; if it is determined that the requested basic data has not been stored in the paging buffer, transforming the address of the requested basic data into an address of a corresponding compressed block using a block address table; searching the compressed basic data for the compressed block corresponding to the address of the compressed block; decompressing the searched compressed block; storing data of the decompressed block in the paging buffer; and returning the requested basic data stored in the paging buffer.