Disclosed is an apparatus and method for adaptively allocating transmission power for beamforming combined with orthogonal space-time block codes (OSTBC) in a distributed wireless communication system, the apparatus comprising: a plurality of sub-arrays for beamforming, which are geographically distributed and each of which comprises a plurality of distributed antennas placed in random groups; and a central processing unit for identifying performances of subsets by applying a predetermined power allocation scheme according to subsets which can be obtained by combining the sub-arrays, by means of a Nakagami fading parameter and information about large-scale fading of each of the sub-arrays, fed back from a receiving party, for determining a subset having a best performance as an optimal subset according to the identified performances, and for performing power allocation based on the subset set as the optimal subset.