A sheet conveying apparatus includes first, second, and third rotating members, a switching unit, and a regulating member. The first rotating member rotates in one direction to convey, with the second rotating member, a sheet in a first direction and convey, with the third rotating member, the sheet in a second direction different from the first direction. The switching unit switches the first rotating member between first and second positions. The first position is a position in which the first rotating member coveys a sheet with the second or third rotating member. The second position is a position to which the first rotating member is retracted from the first position. Where the first rotating member moves from the first position, the regulating member regulates the sheet position so that a sheet rear end held by the second and third rotating members is positioned above a first rotating member moving trajectory.