Embodiments of the present invention provide a method and an apparatus for demodulating a physical random access channel signal. The method includes: acquiring a down-sampling sequence of a PRACH demodulation signal, and acquiring a power sequence of the down-sampling sequence; determining a position of a sounding reference signal sampling point in the down-sampling sequence according to the power sequence; and eliminating the sounding reference signal sampling point in the down-sampling sequence according to the position of the sounding reference signal sampling point, so as to perform PRACH coherent detection on a down-sampling sequence obtained after the sounding reference signal sampling point is eliminated. In the method and the apparatus for demodulating a physical random access channel signal in the embodiments of the present invention, interference from a sounding reference signal can be restrained and false alarms in PRACH detection can be reduced.