An image pickup apparatus which makes it possible to form a multi-stage retractable lens barrel permitting the amount of extension of the lens barrel to be set as desired. A first intermediate rotary barrel fitted, for rotation, on a first intermediate rectilinear motion barrel restrained from rotation about an optical axis. A second intermediate rectilinear motion barrel is rectilinearly guided by the first intermediate rectilinear motion barrel. A second intermediate rotary barrel is fitted on the second intermediate rectilinear motion barrel and engaged with the first intermediate rotary barrel, rotation. The first intermediate rectilinear motion barrel has a cam groove formed on an inner peripheral surface thereof, for engagement with the second intermediate rotary barrel to cause the same to move along the optical axis.