1. A vehicle periphery monitoring device which is provided with a radar mounted in a vehicle and configured to detect a distance between the vehicle and an object located in a first monitoring range of a periphery of the vehicle and an imaging unit mounted in the vehicle and configured to photograph a second monitoring range overlapped with the first monitoring range, and is configured to monitor the periphery of the vehicle on the basis of a distance information detected by the radar and a captured image by the imaging unit, comprising: an image processing target area setting portion configured to set an image processing target area which may include an image portion of a monitoring object in the captured image on the basis of the distance detected by the radar between an object located in the second monitoring range and the vehicle; a feature region extracting portion configured to extract a feature region having a feature amount defined in accordance with a specified part of the monitoring object of a predefined type in a search area defined on the basis of the image processing target area; an image processing target area correcting portion configured to correct a range of the image processing target area on the basis of a position of the feature region when the feature region is extracted by the feature region extracting portion; and an object type discriminating portion configured to discriminate a type of the monitoring object in a real space corresponding to the image portion included in the image processing target area which has been corrected by the image processing target area correcting portion.