A light adjusting apparatus including: first and second substrates, at least one of which has an aperture; a spacer which defines a distance between the first and second substrates; at least one incident light adjuster which includes a shaft member as a center of rotation and rotates between the first and second substrates in a plane orthogonal to an optical axis direction, a magnet being formed on at least part of the shaft; at least one driving device which includes a coil formed separately from the magnet, and drives the incident light adjuster; wherein the driving device rotates the incident light adjuster between a position at the aperture and a position to retract from the position of the aperture, further comprising a guide portion which is formed on the first substrate to restrict movement of the shaft member in directions other than a rotation direction thereof.