neighborhood selector neighborhood selector
minimum price
Min
Max
maximum price
Search
More Filters
Reset

No Fee Apartments in NYC

Sort: Quality Price
5,349 Results
Prev  1 2 3 .. 357  Next
First ave
East Village, Downtown Manhattan, Manhattan
10003
$5,780
No Fee
By Eleonora (Elle) Nikolova, 1 hour ago
East Village Expert
bedrooms
3 Bed
|
bathrooms
1 Bath
Check Availability
95 Wall Street, Apt 2322
Financial District, Downtown Manhattan, Manhattan
10005
$7,475
No Fee
By Owner
By 95 Wall, 1 hour ago
bedrooms
2 Bed
|
bathrooms
2 Bath
|
square feet
1,022 Sqft
Check Availability
10 Hanover Square, Apt 06G
Financial District, Downtown Manhattan, Manhattan
10005
$5,449
No Fee
By Owner
By 10 Hanover Square, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
738 Sqft
Check Availability
120 W. 21st, Apt 705
Chelsea, Midtown Manhattan, Manhattan
10011
$5,979
No Fee
By Owner
By 21 Chelsea, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
607 Sqft
Check Availability
120 W. 21st, Apt 716
Chelsea, Midtown Manhattan, Manhattan
10011
$4,490
No Fee
By Owner
By 21 Chelsea, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
489 Sqft
Check Availability
808 Columbus Ave, Apt 05C
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
10025
$5,166
No Fee
By Owner
By Columbus Square, 2 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
652 Sqft
Check Availability
East 20th Street
Gramercy Park, Midtown Manhattan, Manhattan
10003
$5,995
No Fee
By Sava Nyagolov, Last hour
Gramercy Park Expert
bedrooms
3 Bed
|
bathrooms
1 Bath
Check Availability
95 Wall Street, Apt 418
Financial District, Downtown Manhattan, Manhattan
10005
$3,702
No Fee
By Owner
By 95 Wall, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
464 Sqft
Check Availability
10 Hanover Square, Apt 19I
Financial District, Downtown Manhattan, Manhattan
10005
$5,462
No Fee
By Owner
By 10 Hanover Square, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
833 Sqft
Check Availability
East 14th Street
East Village, Downtown Manhattan, Manhattan
10003
$4,595
No Fee
By Sava Nyagolov, Last hour
East Village Expert
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
808 Columbus Avenue, Apt 16G
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
10025
$5,397
No Fee
By Columbus Square, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
652 Sqft
Check Availability
First ave
East Village, Downtown Manhattan, Manhattan
10003
$4,595
No Fee
By Eleonora (Elle) Nikolova, 1 hour ago
East Village Expert
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
95 Wall Street, Apt 1421
Financial District, Downtown Manhattan, Manhattan
10005
$4,422
No Fee
By Owner
By 95 Wall, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
557 Sqft
Check Availability
First ave
East Village, Downtown Manhattan, Manhattan
10003
$4,595
No Fee
By Eleonora (Elle) Nikolova, 1 hour ago
East Village Expert
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
10010
$5,795
No Fee
By Eleonora (Elle) Nikolova, 1 hour ago
Gramercy Park Expert
bedrooms
3 Bed
|
bathrooms
1 Bath
Check Availability
East 12th Street
East Village, Downtown Manhattan, Manhattan
10003
$5,800
By Arman Habib, 11 hours ago
bedrooms
3 Bed
|
bathrooms
1 Bath
Check Availability
E 14th St Union Square/EV
East Village, Downtown Manhattan, Manhattan
10003
$5,770
No Fee
By Susan Ryan, Last 30 min
bedrooms
3 Bed
|
bathrooms
1 Bath
|
square feet
1,000 Sqft
Check Availability
Prev  1 2 3 .. 357  Next
map placeholder

The most comprehensive list of no fee apartments units in New York for renters.

No Fee Apartments NYC

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
Quantcast