Min
Max
Search
More Filters
Reset All

No Fee Apartments for Rent

Home  »  New York
8,402 Results
Sort:   Quality   Price
« Back Page 1 / 421 Next »
Copy of E 34th St
Kips Bay, Midtown Manhattan, Manhattan
$7,105
No Fee
By David Elliott, Last 30 min
3 Bed / Flex 4
|
2 Bath
Check Availability
144 Suydam Street, Apt 2L
Bushwick, Northern Brooklyn, Brooklyn
$2,400
No Fee
By Isaac McKinley, Last 30 min
Studio
|
1 Bath
Check Availability
8 West 108th Street, Apt 25
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$4,583
Exclusive
No Fee
By John McGriskin, Last 30 min
4 Bed
|
1 Bath
Check Availability
W 34th Street
Koreatown, Midtown South, Midtown Manhattan, Manhattan
$4,850
No Fee
By Marin Daskalov, Last 30 min
1 Bed / Flex 3
|
1 Bath
Check Availability
722 10 Avenue, Apt 5A
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,595
No Fee
By Baiba Arlette, Last 30 min
1 Bed
|
1 Bath
Check Availability
333 East 18th Street, Apt 1
Gramercy Park, Midtown Manhattan, Manhattan
$6,895
No Fee
By Eugene Carrillo, Last 30 min
Gramercy Park Expert
3 Bed
|
1 Bath
Check Availability
E 40th St
Murray Hill, Midtown Manhattan, Manhattan
$7,514
No Fee
By David Elliott, Last 30 min
3 Bed / Flex 4
|
2 Bath
Check Availability
286 Onderdonk Avenue, Apt 2R
Ridgewood, Northwestern Queens, Queens
$3,600
Exclusive
No Fee
By Tyler Mays , Last 30 min
3 Bed
|
1.5 Bath
Check Availability
Surf Ave and West 35th Street
Coney Island, Southern Brooklyn, Brooklyn
$3,185
No Fee
By Qi Qing Lin, Last 30 min
1 Bed
|
1 Bath
|
640 Sqft
Check Availability
95 Wall Street, Apt 1606
Financial District, Downtown Manhattan, Manhattan
$4,307
No Fee
By Owner
By 95 Wall, 2 hours ago
Studio
|
1 Bath
|
703 Sqft
Check Availability
Ridge Street
Lower East Side, Downtown Manhattan, Manhattan
$5,995
No Fee
By Baiba Arlette, Last 30 min
3 Bed
|
1 Bath
Check Availability
West 34th Street
Koreatown, Midtown South, Midtown Manhattan, Manhattan
$3,300
No Fee
By Christopher Castro, Last hour
Studio
|
1 Bath
Check Availability
Pacific Street & Sixth Avenue
Prospect Heights, Northwestern Brooklyn, Brooklyn
$6,383
No Fee
By Raul De La Cruz, Last 30 min
2 Bed / Flex 3
|
2 Bath
Check Availability
47th Ave & Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Queens
$5,650
No Fee
By Sophia Lee, Last 30 min
Hunters Point Expert
2 Bed
|
2 Bath
Check Availability
28 Locust Street, Apt 205
Bushwick, Northern Brooklyn, Brooklyn
$4,000
No Fee
By Aron Fried, Last 30 min
Bushwick Expert
4 Bed
|
1 Bath
|
1,200 Sqft
Check Availability
1603 New York Avenue
East Flatbush, Central Brooklyn, Brooklyn
$2,350
No Fee
By Isaac McKinley, Last 30 min
2 Bed
|
1 Bath
Check Availability
72 West 108th Street, Apt 4B
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$4,395
No Fee
By Richard Bier, Last hour
3 Bed
|
1 Bath
Check Availability
561 10th Avenue, Apt 17J
Hudson Yards, Midtown Manhattan, Manhattan
$6,895
No Fee
By Yordan Bobchev, Last 30 min
2 Bed / Flex 3
|
2 Bath
|
1,200 Sqft
Check Availability
233 East 29th Street, Apt #4N
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$4,595
No Fee
By Nicholas John, Last 30 min
2 Bed
|
1 Bath
Check Availability
214 East 25th Street, Apt 3RW
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$3,650
No Fee
By Nicholas John, Last 30 min
1 Bed
|
1 Bath
Check Availability
« Back Page 1 / 421 Next »

No Fee

The term "No-Fee apartments" is extremely confusing to most renters, even veterans who have lived in NYC most of their lives. A big source of the misunderstanding stems from two different types of apartments that one might advertise as having no broker fee. In the first case, a listing posted directly by the landlord generally has no fee, but ONLY if the renter finds the apartment and contacts the landlord without any assistance from a licensed real estate broker. In the second case, a…

No Fee Apartments for Rent

No Fee

The term "No-Fee apartments" is extremely confusing to most renters, even veterans who have lived in NYC most of their lives. A big source of the misunderstanding stems from two different types of apartments that one might advertise as having no broker fee. In the first case, a listing posted directly by the landlord generally has no fee, but ONLY if the renter finds the apartment and contacts the landlord without any assistance from a licensed real estate broker. In the second case, a landlord or property manager can offer to pay broker fees on behalf of the renter, which allows any real estate broker or salesperson to advertise the listing as no fee.

How can the same apartment be both no fee and fee depending on the person advertising or showing me the apartment?

Consumers who don't understand the nyc rental market find this paradox to be one of the most frustrating aspects of the apartment search. It is actually very possible for the same exact apartment to be no fee or fee on the same day, and the difference is who is showing you the apartment. If you are able to see the apartment directly from the landlord, usually through the leasing office, then you probably will not need to pay any additional broker fee. However, if you have a professional, licensed real estate salesperson assisting you in your search, and this agent shows you the same apartment, you are likely obligated to pay a broker fee. You will normally have signed documents agreeing to pay a fee if you rent any of the apartment that agent shows you.

Does that mean I am always better off going directly to the landlord instead of using a broker?

Absolutely not! If the landlord is paying the broker fee, many renters reason they can show up without the broker and instantly negotiate a lower rent. The thinking is, by doing a direct deal, the landlord is saving a few thousand dollars by not paying the fee, and therefore some of that savings should be passed on to the renter. In practice, landlords have more loyalty to their broker partners than to any individual renter. Real estate agents bring the landlords new clients all year long, week after week. Intelligent landlords understand they need to keep the brokers happy, and certainly not allow special deals that would alientate the industry. If a building was known to quote lower prices to direct renters than to brokers, then that same building would very quickly not receive much traffic from agents.

What does 1 Month OP mean for an apartment listing or advertisement?

One month OP means that the landlord is paynig the broker one month of rent after the renter has signed a lease and moved into the apartment. Usually, once an agent shows the apartment to a customer, submits an application, and then confirms lease signing, the agent will send an invoice to the management company with the details of the deal, asking for payment. Most landlords will remit the payment within 30-60 day to the brokerage firm, and the firm will pay the appropriate, agreed-upon commission split to the agent.

Why use brokers at all when no fee apartments exist in NYC?

The founders of RentHop originally pondered this question in 2009, which led to the creation of this website! The original plan, as reported in the NY Times article Getting the Agent Without the Fee, by Michael Grynbaum, was to eliminate the need for apartment brokers entirely. The entire story is best told by Lee Lin, quoted below, in a talk he gave to Startup Institute about his experience at Y Combinator.

When we first started RentHop, we assumed all real estate agents were these evil slimeballs that charged huge fees and barely did anything. We thought we could disrupt the entire industry by creating a website and directly connecting renters with landlords. However, one of the best pieces of advice we received during the summer at Y Combinator came from Paul Graham. He told us that if we really thought brokers were useless, then we should try being brokers for a while. So we did! Lawrence and I both flew back to New York, received our real estate licenses, and spent months meeting clients and showing apartments all day long. I lost a lot of weight, climbing all those walkups and roaming around the streets of Manhattan. That was when we realized being a broker is really hard, and that a great agent adds a ton of value. They save everyone a lot of time, visiting dozens of apartments a week only showing the top ten percent or so to customers. By the end of that year, we completely pivoted the focus of our company to matching qualified renters with the best apartment listings, whether they are posted by a landlord, management company, or broker.

Popular Searches
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2022 RentHop.com™