An image projection apparatus includes a light source for emitting a light bundle, a display element forming an image by using the light bundle, and a projection system having: a lens unit refracting the light bundle so as to magnify and project the image and including first and second aspheric lenses, which are spaced from each other and change the refraction of the light bundle, and at least one spherical lens disposed between the first and second aspheric lenses; and a mirror for reflecting, toward the outside, the light bundle delivered by the lens unit.