diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0aafb51a5..7e21ea3e7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,10 @@ Currently, this repo is in Prerelease. When it is released, this project will ad
 
 ## Prerelease
 
+### Updates
+
+- Adds memoization to the `MultiSelect` component to improve performace.
+
 ## 4.3.0 (June 18, 2026)
 
 ### Adds
diff --git a/package-lock.json b/package-lock.json
index 4db3dd378..6e78b28e3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@nypl/design-system-react-components",
-  "version": "4.3.0",
+  "version": "4.3.0-rc",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@nypl/design-system-react-components",
-      "version": "4.3.0",
+      "version": "4.3.0-rc",
       "license": "Apache-2.0",
       "dependencies": {
         "@chakra-ui/react": "2.9.5",
@@ -2870,9 +2870,9 @@
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-      "integrity": "sha512-YTUo+Flmw4ZXiWfQKGcwwc11KnoRAYgzAE2E7mXKCjSviTKShtxBsN6YUUBB2gtaBzKzeKunxhUwNHQuRryhWA==",
+      "version": "0.23.12",
+      "resolved": "https://registry.npmjs.org/recast/-/recast-0.23.12.tgz",
+      "integrity": "sha512-dEWRjcINDu/F4l2dYx57ugBtD7HV9KXESyxhzw/MqWLeglJrsjJKqACPyUPg+6AF8mIgm+Zi0dZ3ACoIg+QtpA==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
@@ -13714,9 +13715,9 @@
       "license": "MIT"
     },
     "node_modules/storybook/node_modules/semver": {
-      "version": "7.8.4",
-      "resolved": "https://registry.npmjs.org/semver/-/semver-7.8.4.tgz",
-      "integrity": "sha512-rUCObTnP32Q08R2uuIrt7r9PlEonuTmtuXYcW6s5kjdlj3xbnwe+21yXptAUYcMAABLkYYTtnmzb3w3EDZfueA==",
+      "version": "7.8.5",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-7.8.5.tgz",
+      "integrity": "sha512-Y7/KDsb8LjooZpwaqGyulO6DQlksgCncchHGk+sZIY4SBvUocMBEFH5Ur1fI4dV+Jvl0w6cjvucaIi40puRioA==",
       "dev": true,
       "license": "ISC",
       "bin": {
@@ -14268,9 +14269,9 @@
       }
     },
     "node_modules/ts-jest/node_modules/semver": {
-      "version": "7.8.4",
-      "resolved": "https://registry.npmjs.org/semver/-/semver-7.8.4.tgz",
-      "integrity": "sha512-rUCObTnP32Q08R2uuIrt7r9PlEonuTmtuXYcW6s5kjdlj3xbnwe+21yXptAUYcMAABLkYYTtnmzb3w3EDZfueA==",
+      "version": "7.8.5",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-7.8.5.tgz",
+      "integrity": "sha512-Y7/KDsb8LjooZpwaqGyulO6DQlksgCncchHGk+sZIY4SBvUocMBEFH5Ur1fI4dV+Jvl0w6cjvucaIi40puRioA==",
       "dev": true,
       "license": "ISC",
       "bin": {
@@ -15340,9 +15341,9 @@
       }
     },
     "node_modules/vite/node_modules/rollup": {
-      "version": "4.62.0",
-      "resolved": "https://registry.npmjs.org/rollup/-/rollup-4.62.0.tgz",
-      "integrity": "sha512-nc72Wgq62I7rtDV4izT5/aaS0zxy3kttkinf9586ApknY3jZO9NYsmtc24fUckA0X7Q2v+ML4a15pdUlV5V/jA==",
+      "version": "4.62.2",
+      "resolved": "https://registry.npmjs.org/rollup/-/rollup-4.62.2.tgz",
+      "integrity": "sha512-RFnrW4lhXA3s3eqHDZvN654g8OTjzRfqpIRJYczCGB6HzphckVAi/Qh4tbPUbRuDi7s1Llv8g/NspLkttY3gTA==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
@@ -15356,31 +15357,31 @@
         "npm": ">=8.0.0"
       },
       "optionalDependencies": {
-        "@rollup/rollup-android-arm-eabi": "4.62.0",
-        "@rollup/rollup-android-arm64": "4.62.0",
-        "@rollup/rollup-darwin-arm64": "4.62.0",
-        "@rollup/rollup-darwin-x64": "4.62.0",
-        "@rollup/rollup-freebsd-arm64": "4.62.0",
-        "@rollup/rollup-freebsd-x64": "4.62.0",
-        "@rollup/rollup-linux-arm-gnueabihf": "4.62.0",
-        "@rollup/rollup-linux-arm-musleabihf": "4.62.0",
-        "@rollup/rollup-linux-arm64-gnu": "4.62.0",
-        "@rollup/rollup-linux-arm64-musl": "4.62.0",
-        "@rollup/rollup-linux-loong64-gnu": "4.62.0",
-        "@rollup/rollup-linux-loong64-musl": "4.62.0",
-        "@rollup/rollup-linux-ppc64-gnu": "4.62.0",
-        "@rollup/rollup-linux-ppc64-musl": "4.62.0",
-        "@rollup/rollup-linux-riscv64-gnu": "4.62.0",
-        "@rollup/rollup-linux-riscv64-musl": "4.62.0",
-        "@rollup/rollup-linux-s390x-gnu": "4.62.0",
-        "@rollup/rollup-linux-x64-gnu": "4.62.0",
-        "@rollup/rollup-linux-x64-musl": "4.62.0",
-        "@rollup/rollup-openbsd-x64": "4.62.0",
-        "@rollup/rollup-openharmony-arm64": "4.62.0",
-        "@rollup/rollup-win32-arm64-msvc": "4.62.0",
-        "@rollup/rollup-win32-ia32-msvc": "4.62.0",
-        "@rollup/rollup-win32-x64-gnu": "4.62.0",
-        "@rollup/rollup-win32-x64-msvc": "4.62.0",
+        "@rollup/rollup-android-arm-eabi": "4.62.2",
+        "@rollup/rollup-android-arm64": "4.62.2",
+        "@rollup/rollup-darwin-arm64": "4.62.2",
+        "@rollup/rollup-darwin-x64": "4.62.2",
+        "@rollup/rollup-freebsd-arm64": "4.62.2",
+        "@rollup/rollup-freebsd-x64": "4.62.2",
+        "@rollup/rollup-linux-arm-gnueabihf": "4.62.2",
+        "@rollup/rollup-linux-arm-musleabihf": "4.62.2",
+        "@rollup/rollup-linux-arm64-gnu": "4.62.2",
+        "@rollup/rollup-linux-arm64-musl": "4.62.2",
+        "@rollup/rollup-linux-loong64-gnu": "4.62.2",
+        "@rollup/rollup-linux-loong64-musl": "4.62.2",
+        "@rollup/rollup-linux-ppc64-gnu": "4.62.2",
+        "@rollup/rollup-linux-ppc64-musl": "4.62.2",
+        "@rollup/rollup-linux-riscv64-gnu": "4.62.2",
+        "@rollup/rollup-linux-riscv64-musl": "4.62.2",
+        "@rollup/rollup-linux-s390x-gnu": "4.62.2",
+        "@rollup/rollup-linux-x64-gnu": "4.62.2",
+        "@rollup/rollup-linux-x64-musl": "4.62.2",
+        "@rollup/rollup-openbsd-x64": "4.62.2",
+        "@rollup/rollup-openharmony-arm64": "4.62.2",
+        "@rollup/rollup-win32-arm64-msvc": "4.62.2",
+        "@rollup/rollup-win32-ia32-msvc": "4.62.2",
+        "@rollup/rollup-win32-x64-gnu": "4.62.2",
+        "@rollup/rollup-win32-x64-msvc": "4.62.2",
         "fsevents": "~2.3.2"
       }
     },
@@ -15709,9 +15710,9 @@
       }
     },
     "node_modules/yargs": {
-      "version": "17.7.2",
-      "resolved": "https://registry.npmjs.org/yargs/-/yargs-17.7.2.tgz",
-      "integrity": "sha512-7dSzzRQ++CKnNI/krKnYRV7JKKPUXMEh61soaHKg9mrWEhzFWhFnxPxGl+69cD1Ou63C13NUPCnmIcrvqCuM6w==",
+      "version": "17.7.3",
+      "resolved": "https://registry.npmjs.org/yargs/-/yargs-17.7.3.tgz",
+      "integrity": "sha512-GZtjxm/J/4TSxuL3FNYjCmLktBTnIw/rVmKSIyKeYAZpmJB2ig9VauCC5xsa82GNKVKDAqpOn3KVzNt0zmrU0g==",
       "dev": true,
       "license": "MIT",
       "dependencies": {
diff --git a/package.json b/package.json
index c54c2501c..74b9e1da9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@nypl/design-system-react-components",
-  "version": "4.3.0",
+  "version": "4.3.0-rc",
   "description": "NYPL Reservoir Design System React Components",
   "repository": {
     "type": "git",
diff --git a/src/components/MultiSelect/MultiSelect.tsx b/src/components/MultiSelect/MultiSelect.tsx
index 08854d919..4cfaa0a70 100644
--- a/src/components/MultiSelect/MultiSelect.tsx
+++ b/src/components/MultiSelect/MultiSelect.tsx
@@ -66,6 +66,47 @@ export interface MultiSelectProps extends BoxProps {
   width?: MultiSelectWidths;
 }
 
+interface MultiSelectCheckboxItemProps {
+  id: string;
+  labelText: string | JSX.Element;
+  name: string;
+  isDisabled?: boolean;
+  isChecked: boolean;
+  isIndeterminate?: boolean;
+  onChange: (event: React.ChangeEvent<HTMLInputElement>) => void;
+  __css?: Record<string, unknown>;
+  marginInlineStart?: string;
+}
+
+// Memoizes Checkbox to prevent all items from rerendering on a single change
+const MultiSelectCheckboxItem = React.memo(
+  ({
+    id,
+    labelText,
+    name,
+    isDisabled,
+    isChecked,
+    isIndeterminate,
+    onChange,
+    __css,
+    marginInlineStart,
+  }: MultiSelectCheckboxItemProps): JSX.Element => {
+    return (
+      <Checkbox
+        id={id}
+        labelText={labelText}
+        name={name}
+        isDisabled={isDisabled}
+        isChecked={isChecked}
+        isIndeterminate={isIndeterminate}
+        onChange={onChange}
+        marginInlineStart={marginInlineStart}
+        __css={__css}
+      />
+    );
+  }
+);
+
 /**
  * The MultiSelect component is a customizable form input that supports multiple
  * configurations, including search functionality, checkbox options, and
@@ -190,6 +231,31 @@ export const MultiSelect: ChakraComponent<
         return false;
       };
 
+      const onChangeRef = useRef(onChange);
+      const onMixedStateChangeRef = useRef(onMixedStateChange);
+
+      useEffect(() => {
+        onChangeRef.current = onChange;
+      }, [onChange]);
+
+      useEffect(() => {
+        onMixedStateChangeRef.current = onMixedStateChange;
+      }, [onMixedStateChange]);
+
+      const handleItemChange = React.useCallback(
+        (event: React.ChangeEvent<HTMLInputElement>) => {
+          onChangeRef.current(event);
+        },
+        []
+      );
+
+      const handleMixedItemChange = React.useCallback(
+        (event: React.ChangeEvent<HTMLInputElement>) => {
+          onMixedStateChangeRef.current?.(event);
+        },
+        []
+      );
+
       // isAllChecked defines the isChecked status of parent checkboxes. If
       // all child items are selected, it will turn true, otherwise it returns
       // false. This prop is only passed to parent options.
@@ -324,7 +390,7 @@ export const MultiSelect: ChakraComponent<
       ): JSX.Element[] => {
         if (item.children) {
           return [
-            <Checkbox
+            <MultiSelectCheckboxItem
               id={item.id}
               key={item.id}
               labelText={getItemLabelText(item)}
@@ -333,18 +399,18 @@ export const MultiSelect: ChakraComponent<
                 ? {
                     isChecked: isAllChecked(mainId, item),
                     isIndeterminate: isIndeterminate(mainId, item),
-                    onChange: onMixedStateChange,
+                    onChange: handleMixedItemChange,
                     isDisabled: isAllDisabled(item),
                   }
                 : {
                     isChecked: isChecked(mainId, item.id),
                     isDisabled: isAllDisabled(item),
-                    onChange: onChange,
+                    onChange: handleItemChange,
                   })}
             />,
             ...item.children.map((childItem) => {
               return (
-                <Checkbox
+                <MultiSelectCheckboxItem
                   key={childItem.id}
                   marginInlineStart="0"
                   id={childItem.id}
@@ -352,7 +418,7 @@ export const MultiSelect: ChakraComponent<
                   name={childItem.name}
                   isDisabled={childItem.isDisabled}
                   isChecked={isChecked(mainId, childItem.id)}
-                  onChange={onChange}
+                  onChange={handleItemChange}
                   __css={styles.menuChildren}
                 />
               );
@@ -360,13 +426,13 @@ export const MultiSelect: ChakraComponent<
           ];
         } else {
           return [
-            <Checkbox
+            <MultiSelectCheckboxItem
               id={item.id}
               labelText={getItemLabelText(item)}
               name={item.name}
               isDisabled={item.isDisabled}
               isChecked={isChecked(mainId, item.id)}
-              onChange={onChange}
+              onChange={handleItemChange}
               key={item.id}
             />,
           ];
diff --git a/src/components/MultiSelect/multiSelectChangelogData.ts b/src/components/MultiSelect/multiSelectChangelogData.ts
index 45844a5af..3ebc27a3f 100644
--- a/src/components/MultiSelect/multiSelectChangelogData.ts
+++ b/src/components/MultiSelect/multiSelectChangelogData.ts
@@ -9,6 +9,13 @@
 import { ChangelogData } from "../../utils/ComponentChangelogTable";
 
 export const changelogData: ChangelogData[] = [
+  {
+    date: "Prerelease",
+    version: "Prerelease",
+    type: "Update",
+    affects: ["Functionality"],
+    notes: ["Adds memoization to improve performace."],
+  },
   {
     date: "2025-09-30",
     version: "4.0.2",
diff --git a/src/hooks/useMultiSelect.ts b/src/hooks/useMultiSelect.ts
index a94dddfbe..b771dec3a 100644
--- a/src/hooks/useMultiSelect.ts
+++ b/src/hooks/useMultiSelect.ts
@@ -1,4 +1,4 @@
-import { useState } from "react";
+import { useCallback, useState } from "react";
 import {
   MultiSelectItem,
   SelectedItems,
@@ -25,33 +25,37 @@ export default function useMultiSelect(initialState?: SelectedItems) {
    * themselves. It accepts two arguments - the id of the checkbox option and
    * the id of the MultiSelect component.
    */
-  const handleChange = (itemId: string, multiSelectId: string) => {
-    let itemIds;
-    // Check if the multiSelect already exists in the state.
-    if (selectedItems.hasOwnProperty(multiSelectId)) {
-      // Make a copy of the existing selected items.
-      itemIds = selectedItems[multiSelectId].items.slice();
-      // If itemId is in the selectedItems, remove it from the array.
-      if (selectedItems[multiSelectId].items.indexOf(itemId) > -1) {
-        itemIds = itemIds.filter((id) => id !== itemId);
+  const handleChange = useCallback((itemId: string, multiSelectId: string) => {
+    setSelectedItems((prevSelectedItems) => {
+      let itemIds;
+      // Check if the multiSelect already exists in the state.
+      if (
+        Object.prototype.hasOwnProperty.call(prevSelectedItems, multiSelectId)
+      ) {
+        // Make a copy of the existing selected items.
+        itemIds = prevSelectedItems[multiSelectId].items.slice();
+        // If itemId is in the selectedItems, remove it from the array.
+        if (prevSelectedItems[multiSelectId].items.indexOf(itemId) > -1) {
+          itemIds = itemIds.filter((id) => id !== itemId);
+        } else {
+          // Add it to the array, but modify the copy, not the original.
+          itemIds.push(itemId);
+        }
+        // If there were no items from the multiSelect in the selectedItems before
       } else {
-        // Add it to the array, but modify the copy, not the original.
+        // Add the itemId to the itemsIds
+        itemIds = [];
         itemIds.push(itemId);
       }
-      // If there were no items from the multiSelect in the selectedItems before
-    } else {
-      // Add the itemId to the itemsIds
-      itemIds = [];
-      itemIds.push(itemId);
-    }
-    // Update selectedItems on state to reflect the new selection
-    setSelectedItems({
-      ...selectedItems,
-      [multiSelectId]: {
-        items: itemIds,
-      },
+      // Update selectedItems on state to reflect the new selection
+      return {
+        ...prevSelectedItems,
+        [multiSelectId]: {
+          items: itemIds,
+        },
+      };
     });
-  };
+  }, []);
 
   /**
    * handleMixedStateChange handles the state for checkbox options with child
@@ -60,95 +64,105 @@ export default function useMultiSelect(initialState?: SelectedItems) {
    * MultiSelect. `disabled` state of items are not included in the
    * selectedItems array.
    */
-  const handleMixedStateChange = ({
-    parentId,
-    multiSelectId,
-    items,
-  }: {
-    parentId: string;
-    multiSelectId: string;
-    items: MultiSelectItem[];
-  }) => {
-    // Build an array of child items.
-    const childItems = items
-      .filter((item: MultiSelectItem) => item.id === parentId)[0]
-      .children.map((child) => ({
-        id: child.id,
-        isDisabled: child.isDisabled,
-      }));
-
-    const childIds = childItems.map((childItem) => childItem.id);
+  const handleMixedStateChange = useCallback(
+    ({
+      parentId,
+      multiSelectId,
+      items,
+    }: {
+      parentId: string;
+      multiSelectId: string;
+      items: MultiSelectItem[];
+    }) => {
+      // Build an array of child items.
+      const childItems = items
+        .filter((item: MultiSelectItem) => item.id === parentId)[0]
+        .children.map((child) => ({
+          id: child.id,
+          isDisabled: child.isDisabled,
+        }));
 
-    let newItems;
-    // If some items of the multiSelect are already selected
+      const childIds = childItems.map((childItem) => childItem.id);
 
-    if (selectedItems[multiSelectId] !== undefined) {
-      const nonDisabledItems = childItems
-        .filter((childItem) => {
-          return !childItem.isDisabled;
-        })
-        .map((childItem) => childItem.id);
+      setSelectedItems((prevSelectedItems) => {
+        let newItems;
+        // If some items of the multiSelect are already selected
+        if (prevSelectedItems[multiSelectId] !== undefined) {
+          const nonDisabledItems = childItems
+            .filter((childItem) => {
+              return !childItem.isDisabled;
+            })
+            .map((childItem) => childItem.id);
 
-      // If all children of the parent are already selected
-      if (
-        nonDisabledItems.every((childItem) =>
-          selectedItems[multiSelectId].items.includes(childItem)
-        )
-      ) {
-        // Remove all children from the selectedItems array (unselect all child checkbox options)
-        newItems = selectedItems[multiSelectId].items.filter(
-          (stateItem) => !childIds.map((childId) => childId).includes(stateItem)
-        );
-      } else {
-        // Else add missing childItems.
-        newItems = [
-          ...childItems
-            .filter(
-              (childItem) =>
-                !childItem.isDisabled &&
-                !selectedItems[multiSelectId].items.includes(childItem.id)
+          // If all children of the parent are already selected
+          if (
+            nonDisabledItems.every((childItem) =>
+              prevSelectedItems[multiSelectId].items.includes(childItem)
             )
-            .map((childItem) => childItem.id),
-          ...selectedItems[multiSelectId].items,
-        ];
-      }
-    } else {
-      // If no items of this multiSelect were selected before, select non-disabled child items
-      newItems = childItems
-        .filter((childItem) => {
-          return !childItem.isDisabled;
-        })
-        .map((childItem) => childItem.id);
-    }
-    // Update selectedItems on state to reflect the new selection
-    setSelectedItems({
-      ...selectedItems,
-      [multiSelectId]: {
-        items: newItems,
-      },
-    });
-  };
+          ) {
+            // Remove all children from the selectedItems array (unselect all child checkbox options)
+            newItems = prevSelectedItems[multiSelectId].items.filter(
+              (stateItem) =>
+                !childIds.map((childId) => childId).includes(stateItem)
+            );
+          } else {
+            // Else add missing childItems.
+            newItems = [
+              ...childItems
+                .filter(
+                  (childItem) =>
+                    !childItem.isDisabled &&
+                    !prevSelectedItems[multiSelectId].items.includes(
+                      childItem.id
+                    )
+                )
+                .map((childItem) => childItem.id),
+              ...prevSelectedItems[multiSelectId].items,
+            ];
+          }
+        } else {
+          // If no items of this multiSelect were selected before, select non-disabled child items
+          newItems = childItems
+            .filter((childItem) => {
+              return !childItem.isDisabled;
+            })
+            .map((childItem) => childItem.id);
+        }
+
+        // Update selectedItems on state to reflect the new selection
+        return {
+          ...prevSelectedItems,
+          [multiSelectId]: {
+            items: newItems,
+          },
+        };
+      });
+    },
+    []
+  );
 
   /**
    * handleClear is used for both MultiSelect variants. It will remove all
    * selected items of specific MultiSelect component from the selectedItems
    * array. It accepts one argument - the id of the MultiSelect component.
    */
-  const handleClear = (multiSelectId: string) => {
-    let newSelectedItems = {};
-    for (let key of Object.keys(selectedItems)) {
-      if (key !== multiSelectId) {
-        newSelectedItems[key] = selectedItems[key];
+  const handleClear = useCallback((multiSelectId: string) => {
+    setSelectedItems((prevSelectedItems) => {
+      let newSelectedItems = {};
+      for (let key of Object.keys(prevSelectedItems)) {
+        if (key !== multiSelectId) {
+          newSelectedItems[key] = prevSelectedItems[key];
+        }
       }
-    }
-    setSelectedItems(newSelectedItems);
-  };
+      return newSelectedItems;
+    });
+  }, []);
 
   /**
    * handleClearAll is used to clear all MultiSelects of a group. It will remove
    * all selected items.
    */
-  const handleClearAll = () => setSelectedItems({});
+  const handleClearAll = useCallback(() => setSelectedItems({}), []);
 
   return {
     selectedItems,