In the present study, apple pectin (AP) extracted from apple pomace was used to chelate with Fe(III) to synthesize an AP−Fe(III) complex. The obtained AP−Fe(III) complex was characterized by UV−vis spectroscopy, FTIR, XPS, and TG analysis. The Fe content in the AP−Fe(III) complex was determined to be 24.5%. Moreover, the reduction properties of the complex were also investigated. The AP− Fe(III) complex was found to be soluble in water and maintained stability in the pH range of 3−8. The complex was reduced to Fe(II) after 6 h. In addition, the AP− Fe(III) complex did not release iron ions in the simulated gastric fluid, and Fe release of the complex reached 96.5% after 4 h of digestion in simulated intestinal fluid. In particular, the antioxidant activity of the AP−Fe(III) complex against free DPPH and ABTS radicals was evaluated. The results obtained in this study demonstrate the potential of the AP−Fe(III) complex as a novel iron supplement.