A laundry treating apparatus and a method of controlling the same are disclosed. The laundry treating apparatus includes a laundry receiving unit for receiving laundry, a steam generator for generating steam to be supplied to the laundry receiving unit, a water supply unit for supplying water to the steam generator, a water softening member for softening water to be supplied to the steam generator, and a control unit for controlling the replacement or regeneration time of the water softening member to be displayed on a display unit. According to the present invention, it is possible to effectively prevent and/or remove wrinkles or rumples on laundry. Furthermore, it is possible to replace or regenerate a water softening member at an appropriate point of time, thereby increasing convenience in use.