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Maybe it comes as no surprise that the Hamptons is a very seasonal market, where many businesses even close down during winter. But the market by far makes up for this slowdown during the summer seasons when visitors come pouring in by the thousands. It all starts around Memorial Day, and home rentals in the Hamptons take off around that same time – and stay strong (or rather, fully booked) until Labor Day.
A good majority of the luxury homes in the Hamptons are second homes, and many of the people who own these rent them out for varying periods when they are not enjoying them themselves. So, if you are looking for a nice escape, there are opportunities to enjoy this area without buying. Home rentals in the Hamptons are not cheap though, since you are not just renting in the countryside or on the oceanfront, but you also get access to world-class shopping, cuisine and the chance to rub shoulders with the entertainment, Wall Street and IT elite who come here to socialize and relax too.
Home rentals in the Hamptons vary from $2,000 per week to $200,000 per week and up in the summer season. If you want a year-round rental, rates are obviously different. Ask your Hamptons Coldwell Banker agent for more details on the current rates, available properties and seasonal changes.
If you are looking to browse rental homes in the Hamptons, or have other Hamptons real estate needs or questions, contact the Hamptons Coldwell Banker team of agents today. They can assist you with all your Hamptons property needs. |
