An integrated drying and dry-separating apparatus for upgrading raw coal includes a coal supply system, a hot air system, a drying system, a dedusting and exhausting system, and a dry-separating system. The coal supply system conveys raw coal to the hot air system and the drying system by a raw coal conveyer respectively. The hot air system is a heat source of the drying system. The drying system is used for drying and dewatering the raw coal. The dedusting and exhausting system is consisted of a deduster and an exhaust fan, and establishes a connection between the drying system and the dry-separating system. The dry-separating system includes a dry separator, a circulating fan, and a cyclone deduster, which is used for separating dried raw coal into fancy coal, middling coal and coal gangue. A method for dry-separating and drying raw coal using the apparatus is also provided.