Min
Max
Search
More Filters
Reset All

No Fee Apartments for Rent

Home  »  New York
6,884 Results
Sort:   Quality   Price
« Back Page 1 / 345 Next »
221 Mott Street, Apt 9
NoLita, Downtown Manhattan, Manhattan
$4,495
No Fee
By Sixto Sibri, Last 30 min
1 Bed
|
1 Bath
Check Availability
221 Mott Street, Apt 17
NoLita, Downtown Manhattan, Manhattan
$6,495
No Fee
By Sixto Sibri, Last 30 min
2 Bed
|
1 Bath
Check Availability
836 Bergen Street, Apt 214
Prospect Heights, Northwestern Brooklyn, Brooklyn
$3,458
Exclusive
No Fee
By David Quigua, Last hour
1 Bed
|
1 Bath
|
634 Sqft
Check Availability
157 East 81st Street, Apt 3B
Upper East Side, Upper Manhattan, Manhattan
$8,495
No Fee
By Stefano Minoli, Last hour
Upper East Side Expert
3 Bed
|
2 Bath
Check Availability
E 9th & Avenue A
East Village, Downtown Manhattan, Manhattan
$9,995
No Fee
By Jon , Last 30 min
East Village Expert
5 Bed
|
1.5 Bath
Check Availability
410 East 13th Street, Apt 4E
East Village, Downtown Manhattan, Manhattan
$4,995
No Fee
By Jaime Melo Fahrion , Last hour
2 Bed
|
1 Bath
Check Availability
305 East 86th Street, Apt 20NP...
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$11,500
No Fee
By Justin Diamond, Last 30 min
Yorkville Expert
2 Bed
|
2 Bath
|
1,379 Sqft
Check Availability
753 East 6th Street
Alphabet City, East Village, Downtown Manhattan, Manhattan
$3,800
No Fee
By Owner
By AB, Last 30 min
2 Bed
|
1 Bath
Check Availability
95 Wall Street, Apt 1024
Financial District, Downtown Manhattan, Manhattan
$4,185
No Fee
By Owner
By 95 Wall, 1 hour ago
Studio
|
1 Bath
|
825 Sqft
Check Availability
800 Empire Boulevard, Apt 2F
East Flatbush, Central Brooklyn, Brooklyn
$3,500
Exclusive
No Fee
By Yosef (Joe), Last 30 min
3 Bed
|
2 Bath
Check Availability
205 East 59th Street, Apt 2103...
Upper East Side, Upper Manhattan, Manhattan
$11,250
No Fee
By Richard Bier, Last 30 min
3 Bed
|
3 Bath
|
1,523 Sqft
Check Availability
123 Linden Boulevard, Apt 11H
Flatbush, Central Brooklyn, Brooklyn
$2,600
Exclusive
No Fee
By Simcha Smith, Last hour
Studio
|
1 Bath
Check Availability
1 Manhattan Square, Apt 63A
Two Bridges, Downtown Manhattan, Manhattan
$14,150
Exclusive
No Fee
By Chimere Meerschman, Last 30 min
3 Bed
|
3 Bath
|
1,700 Sqft
Check Availability
888 Main Street, Apt 434
Roosevelt Island, Manhattan
$6,850
No Fee
By Fernando Julian Forero, 1 hour ago
3 Bed
|
2 Bath
Check Availability
364 Palmetto Street, Apt 1R
Bushwick, Northern Brooklyn, Brooklyn
$4,000
Exclusive
No Fee
By Socrates Hernandez, Last 30 min
Bushwick Expert
3 Bed
|
1 Bath
Check Availability
487 Keap Street, Apt 402
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$6,223
No Fee
By Richard Moebus, Last 30 min
East Williamsburg Expert
2 Bed
|
1 Bath
Check Availability
401 E 34th St, Apt N19G
Murray Hill, Midtown Manhattan, Manhattan
$4,773
No Fee
By Owner
By View 34, 1 hour ago
1 Bed
|
1 Bath
|
636 Sqft
Check Availability
888 Main Street, Apt 643
Roosevelt Island, Manhattan
$5,823
No Fee
By Fernando Julian Forero, 1 hour ago
2 Bed
|
2 Bath
Check Availability
1221 Nostrand Avenue
Prospect Lefferts Gardens, Flatbush, Central Brooklyn, Brooklyn
$2,395
Exclusive
No Fee
By Jessica, 1 hour ago
2 Bed
|
1 Bath
|
550 Sqft
Check Availability
E 81st St & Lexington Ave
Upper East Side, Upper Manhattan, Manhattan
$7,795
No Fee
By Giovanni Castillo, Last 30 min
3 Bed
|
2 Bath
Check Availability
Elizabeth Street
NoLita, Downtown Manhattan, Manhattan
$4,495
No Fee
By Brian Guggiana, 13 hours ago
1 Bed
|
1 Bath
Check Availability
234 Mott Street, Apt 14
NoLita, Downtown Manhattan, Manhattan
$4,495
No Fee
By Iyra Paboikina, 2 days ago
1 Bed
|
1 Bath
Check Availability
« Back Page 1 / 345 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™