A power converting apparatus includes: a rectifying unit configured to rectify an input AC power, a buck converter that is configured to step down a voltage of the rectified power and that is configured to output DC power having the step down voltage, a first inverter that is connected to an output terminal of the buck converter and that is configured to convert the DC power into AC power to drive a first motor, a second inverter that is connected to the output terminal of the buck converter, that is disposed in parallel to the first inverter, and that is configured to convert the DC power into AC power to drive a second motor, and a converter controller configured to control an output voltage of the DC power of the buck converter.