A hologram recording/reproducing apparatus records data as a hologram by applying signal and reference light beams to a hologram-recording medium, obtains a diffracted light beam by applying a reproduction light beam to the hologram, and reproduces the data using the diffracted light beam. The hologram recording/reproducing apparatus includes an external-cavity light source, a polarization-control element that changes a polarization angle of a light beam emitted from the external-cavity light source, a polarizing-beam-splitting element that splits the light beam to obtain two light beams and that changes a ratio between amounts of the two light beams, a photoreceptor that receives one of the two light beams, a spatial light modulator that receives the other beam and that generates signal, reference, and reproduction light beams, and a control unit that changes the polarization angle or polarization state of the light beam.