An apparatus and a method for measuring an altitude of a terminal which can correct an altitude error according to temporal and spatial changes are provided. The apparatus includes an atmospheric pressure measuring unit for measuring an atmospheric pressure from a barometer included in the terminal, a position determiner for measuring position information of the terminal, and a controller for, when a reference atmospheric pressure reception period is not generated, predicting a current reference atmospheric pressure by using previously received reference atmospheric pressures and measuring a current altitude by using the predicted reference atmospheric pressure and the measured atmospheric pressure.