An image pickup optical system of the present invention comprises, in order from an object side, a first lens having a positive refractive power, a second lens having a negative refractive power, a third lens having a positive refractive power, a fourth lens having a positive refractive power, a fifth lens having a negative refractive power, which is formed into a meniscus shape facing its concave surface toward the object side, and an aperture located on the most object side. Thus, there can be provided an image pickup optical system and an image pickup apparatus having the same, in which the maximum effective lens aperture is small and various aberrations are corrected properly.