[Problem]An object of the present invention is to provide an electric power steering apparatus that is capable of positively returning a steering wheel to a neutral point in such a running state as to return to a going straight state by calculating a return control current corresponding to a steering angle and a steering speed and compensating a current command value.[Means for solving the problem]An electric power steering apparatus comprising: a steering wheel return control section that calculates a return control current with a steering angle, a vehicle speed and a steering speed, and drives a motor with a compensated current command value left by the subtraction of the return control current from a current command value, wherein the steering wheel return section comprises a base-return control current calculating section that calculates a base-return control current, a target steering speed calculating section that calculates a target steering speed, a return control gain calculating section that calculates a deviation between the target steering speed and the steering speed, performs coding, and at a same time calculates a return control gain by using at least two control calculations among a P-control calculation, an I-control calculation and a D-control calculation, a limiter that limits a maximum value of the return control gain, and a correcting section that corrects the base-return control current with an output gain of the limiter and outputs the return control current.