A braking apparatus for a vehicle and a method for controlling the same. The braking apparatus includes a master cylinder configured to form braking pressure based on an input to a brake pedal and transmit the braking pressure to a wheel brake side, a motor configured to control the pressure transmitted to the wheel brake side by moving a piston included in the master cylinder, and a controller configured to control the motor. The controller determines whether the piston reaches an end point of travel, based on a rate of change in a position of the piston and a current of the motor, and sets a displacement of the piston as a maximum displacement when it is determined that the piston has reached the end point and position initialization for the piston has been completed.