There is provided a shutter apparatus including a substrate having a shutter opening and at lease two sectors that are supported by spindles swingably and that open and close the shutter opening, and a spindle of one sector of the at lease two sectors is located in a swinging range of another sector of the at lease two sectors, and is a pin of a rod-shaped member formed on the substrate to be lower in an overall height than a height in which the another sector swings.