The present disclosure relates to a pre-5th-Generation (5G) or 5G communication system to be provided for supporting higher data rates Beyond 4th-Generation (4G) communication system such as Long Term Evolution (LTE). The present disclosure relates to a method and apparatus for selecting a channel in a wireless communication system. A method of operating a terminal in a wireless communication system is provided. The method includes transmitting information regarding a second channel and information regarding a third channel to a peer terminal in a first channel. The method also includes transmitting a first request signal for connection with the peer terminal in the second channel. The method further includes if a response signal for the first request signal is not received in the second channel, transmitting a second request signal for connection with the peer terminal in the third channel. The first channel belongs to a first band, and the second channel belongs to a second band. The present disclosure also includes other exemplary embodiments different from the aforementioned exemplary embodiment.