A valve timing adjusting apparatus has a housing and a vane rotor to form multiple fluid chambers, and a relative position of the vane rotor to the housing is adjusted by the fluid pressure supplied into the fluid chambers. A check valve is provided in a branched passage portion, so that working fluid may not be pushed out from an advancing fluid chamber to a low pressure side, even when the working fluid in the advancing fluid chamber is temporally compressed to increase its fluid pressure due to a torque change applied from a cam shaft to the vane rotor.