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Westchester luxury multifamily rental markets continue to thrive as inventory declined and prices increased both Q/Q and Y/Y. The positive trends have been partially driven by exciting new development

  • Writer: TMD
    TMD
  • Aug 14
  • 1 min read

Updated: Aug 21

throughout the county, while also supported by a hot for-sale market with limited supply and high pricing that drives a portion of prospective buyers to rent instead.

Cover slide displaying the title "Westchester Luxury Multifamily Rental Snapshot 2Q25" in bold blue and black text, with contact details for The Marketing Directors Inc. at the bottom including website, phone number, and email address.
Westchester Luxury Multifamily Rental Snapshot Q2 2025: $3,589 average price, $50.34 PPSF, 45% 1BR share, 4.7% YoY PPSF increase. Yonkers saw 10%+ YoY growth.
Pie chart showing Westchester rental inventory by bedroom: 45% 1BR, 34% 2BR, 17% studio, 4% 3BR+. Studio demand led to a -14.3% Q/Q drop.
Bar chart showing average rent prices by bedroom type in Westchester: prices rise with more bedrooms. Studios are lowest, 3-bedroom+ units are highest. All types saw price increases this quarter.
Spotlight on three Westchester luxury multifamily properties: two upcoming rental developments in Port Chester and Pelham by Hudson Companies, and one for-sale property in Sleepy Hollow called The Daymark, overlooking the Hudson River.
The Marketing Directors logo featuring abstract teal building silhouettes above the company name, with contact information below: themarketingdirectorsinc.com, 212-826-8822, info@tmdre.com.

 
 
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