There is provided a pixel circuit, a driving method thereof and a display apparatus. The pixel circuit comprises a first transistor, a second transistor, a third transistor, a fourth transistor, a fifth transistors, a sixth transistor, a seventh transistor, a storage capacitor and a light-emitting element, it can solve the problem that a large difference exists between the data output from the Integrated Circuit and the data actually written to the pixel circuit and avoid the effect that the inconsistency or drift of the threshold voltage (Vth) of the third transistor and the IR drop of the initial voltage (V_initial) have on the current flowing through the light-emitting element.