A vehicle periphery monitoring apparatus includes an image capturing device, a display device, a blind spot determining section, and a processing section. The image capturing device is arranged to capture an image of a region rearward of a host vehicle and an image of a region laterally rearward of the host vehicle. The processing section is configured to switch a displayed image on the display device from a first display image to a second display image upon determination of a following vehicle created blind spot region by the blind spot determining section. The first display image includes the image of the region rearward of the host vehicle, and the second display image includes at least a portion of the image of the region laterally rearward of the host vehicle that encompasses the following vehicle created blind spot region which is absent from the first display image.