A fret leveling apparatus that is configured to provide leveling of frets on a fret board of a stringed instrument such as but not limited to a guitar. The present invention includes a body wherein the body in its preferred embodiment is rectangular in shape. The body includes a first end and a second end and further has an upper edge surface and a lower edge surface. The lower edge surface is operable to engage the frets during use of the present invention and has an adhesive material secured thereto. The body includes a first aperture and second aperture having a first height adjustment member and a second height adjustment member operably coupled therein. The first height adjustment member and second height adjustment member are constructed so as to provide calibrated incremental height adjustment of the body with respect to the fret board once placed thereon through rotational movement.