An apparatus and a method for controlling a coasting operation in a hybrid vehicle are provided. The apparatus includes: a coasting operation control mode entrance time point determination unit to determine a time point at which a subject vehicle enters a coasting operation control mode; a target vehicle speed reach time point calculation unit to calculate a target vehicle speed of the subject vehicle and a time point, at which the subject vehicle reaches the target vehicle speed, when the subject vehicle enters the coasting operation control mode; and a creep torque variation control unit to control creep torque of the subject vehicle using a difference between the target vehicle speed and a present vehicle speed of the subject vehicle.