Rents are 3% below what Sleepy Hollow's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,375 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Sleepy Hollow is at its highest level since Zillow's records here began in December 2022.
Rent in Sleepy Hollow changed +8.0% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
Rent has risen 6 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($104,313) is $2,608 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,099); a 3-bedroom is $2,660.
Nyack, 3 miles away, rents for 37% less ($2,776/mo), about $19,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Sleepy Hollow. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Sleepy Hollow, NY is majority renter-occupied, has a median income above the national average, 43.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sleepy Hollow, NY has changed in 5 years
Compared with 2023, rent in Sleepy Hollow, NY has increased by $1,064 per month, settling near $4,375 after starting the period at $3,311. On the earnings side, the typical household in Sleepy Hollow, NY now reports about $104,313, up from $91,326 in 2021. Rent outpaced income growth by roughly 17.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 10,176 to 10,887 between 2021 and 2024, a 7.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.8% to 43.1%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Sleepy Hollow, NY reflects that arc in its own way.
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Can you afford rent in Sleepy Hollow on your salary?
At $4,375/mo, how Sleepy Hollow rent compares to typical pay (30% rule).
Sleepy Hollow rent by bedroom count
Median rent for each apartment size in Sleepy Hollow. Click any size for full breakdown.
Tips for renters in Sleepy Hollow
Last updated: October 17, 2026
The median rent in Sleepy Hollow is $4,375/mo as of October 2026. A studio apartment averages $1,644/mo while a 2-bedroom runs $2,099/mo. One-bedroom apartments average $1,761/mo and 3-bedroom units go for $2,660/mo.
At 50% of local median household income ($104,313/yr), Sleepy Hollow ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.0% over the past year.
Frequently asked questions
How much income do you need to rent in Sleepy Hollow?
Is rent going up or down in Sleepy Hollow?
How does Sleepy Hollow rent compare to other cities in New York?
At $4,375/mo, rent takes ~50% of Sleepy Hollow's median household income ($104,313/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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