The main goal of this research was to estimate the actual evapotranspiration (ET_c) of a drip-irrigated apple orchard located in the semi-arid region of Talca Valley (Chile) using a remote sensing-based soil water balance model. The methodology to estimate ET_c is a modified version of the Food and Agriculture Organization of the United Nations (FAO) dual crop coefficient approach, in which the basal crop coefficient (K_cb) was derived from the soil adjusted vegetation index (SAVI) calculated from satellite images and incorporated into a daily soil water balance in the root zone. A linear relationship between the K_cb and SAVI was developed for the apple orchard K_cb = 1.82·SAVI − 0.07 (R² = 0.95). The methodology was applied during two growing seasons (2010–2011 and 2012–2013), and ET_c was evaluated using latent heat fluxes (LE) from an eddy covariance system. The results indicate that the remote sensing-based soil water balance estimated ET_c reasonably well over two growing seasons. The root mean square error (RMSE) between the measured and simulated ET_c values during 2010–2011 and 2012–2013 were, respectively, 0.78 and 0.74 mm·day⁻¹, which mean a relative error of 25%. The index of agreement (d) values were, respectively, 0.73 and 0.90. In addition, the weekly ET_c showed better agreement. The proposed methodology could be considered as a useful tool for scheduling irrigation and driving the estimation of water requirements over large areas for apple orchards.