An apparatus and method for providing a top view image of a parking space are provided. The apparatus includes a steering angle sensor that measures a steering angle of a vehicle, a top view image generator that generates a top view image of a parking space depending on travel of the vehicle, a display that displays the top view image generated by the top view image generator, and a controller that captures the top view image displayed by the display and generates a panorama top view image by connecting the current top view image generated by the top view image generator and the captured previous top view image, based on the steering angle measured by the steering angle sensor.