Disclosed is a method for allocating a ranging channel in a wireless communication system that supports machine to machine communication, and to a base station for same. More particularly, the method comprises the steps of: transmitting a message including a dedicated connection identifier (CID) dedicatedly allocated to a device that supports machine to machine communication; allocating a dedicated ranging area for transmission of a ranging request message to the device that supports machine to machine communication; and transmitting an uplink map (UL-MAP) message including information on the dedicated CID and the dedicated ranging area to the device that supports machine to machine communication.