Disclosed herein are an apparatus and method for reconstructing a 3D model. The apparatus for reconstructing a 3D model includes an image acquisition unit for acquiring multi-view images by receiving image signals captured by multiple drones using cameras, a geometric calibration unit for estimating motion variables of the drones based on the acquired multi-view images, and a 3D model creation unit for reconstructing a 3D model of a dynamic object from the matched multi-view images using a multi-view stereo method.