Every Hamptons homeowner had the same idea: rent out the house, cash in on US Open week.
Turns out, so did everyone else.
The US Open runs at Shinnecock Hills from June 18 to 21. That's the kind of event homeowners plan their summers around.
Average nightly rates in the Hamptons during the championship rounds now sit at $1,106, according to vacation-rental data firm AirDNA. That's down 2.5% from the same stretch last year.
Hampton Bays got hit hardest. Rates there fell to about $802 a night, roughly $26 cheaper than last year.
The reason isn't soft demand, it's a flood of supply.
Why? So many homeowners listed their places for the tournament that the simple rule of "more sellers, lower price" took over.
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This isn't just a US Open problem. The Hamptons rental market has been cooling for a while.
Average nightly rates across the region have slid from around $1,080 in 2022 to roughly $970 in 2025. That's a steady drift down, even before the tournament effect.
A few things are at play:
The US Open was supposed to be the moment the math flipped back. Instead, it's another test of a buyer's market.
Properties within 10 miles of Shinnecock are still going for $800 to $1,500-plus a night, so the premium hasn't disappeared.
It just isn't growing.
If listings stay this heavy into peak summer, rental owners may find that "a major sporting event" isn't the price-setter it used to be.
The big number this week wasn't a record. It was a discount.
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