A cold water recycling and reusing apparatus includes a water inlet pipe, a cold water recycling apparatus, a recycling pipe, a cold water return apparatus, a return pipe, a recycling container, and a water outlet terminal. The cold water recycling apparatus is installed at a location near the water outlet terminal. The cold water return apparatus is installed at a location behind the cold water recycling apparatus. The cold water recycling apparatus enables cold water to flow into the recycling container via the recycling pipe. The cold water return apparatus draws the water in the recycling container into the water inlet pipe via the return pipe. The water is adapted to mix with hot water and flows out of the water outlet terminal.