A method and apparatus for processing a binocular disparity image are provided. A method of determining a disparity of a binocular disparity image that includes a left eye image and a right eye image includes acquiring features of a plurality of pixels of the binocular disparity image based on an event distribution of the binocular disparity image, calculating a cost matrix of matching respective pixels between the left eye image and the right eye image based on the features, and determining a disparity of each matched pair of pixels based on the cost matrix.