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No Fee Apartments for Rent in New York, NY

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7,008 Results
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206 Scholes St, Apt 19
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11206
$4,000
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
801 Amsterdam Avenue, Apt 11A
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
10025
$5,076
No Fee
By Columbus Square, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
669 Sqft
Check Availability
95 Wall Street, Apt 2324
Financial District, Downtown Manhattan, Manhattan
10005
$3,861
No Fee
By Owner
By 95 Wall, 2 hours ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
529 Sqft
Check Availability
120 W. 21st, Apt 917
Chelsea, Midtown Manhattan, Manhattan
10011
$5,539
No Fee
By Owner
By 21 Chelsea, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
532 Sqft
Check Availability
120 W. 21st, Apt 609
Chelsea, Midtown Manhattan, Manhattan
10011
$5,624
No Fee
By Owner
By 21 Chelsea, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
590 Sqft
Check Availability
805 Columbus Avenue, Apt 11E
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
10025
$4,841
No Fee
By Columbus Square, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
593 Sqft
Check Availability
10 Hanover Square, Apt 22W
Financial District, Downtown Manhattan, Manhattan
10005
$5,169
No Fee
By Owner
By 10 Hanover Square, 2 hours ago
bedrooms
1 Bed
|
bathrooms
1 Bath
|
square feet
851 Sqft
Check Availability
980 Bergen St, Apt 2
Crown Heights, Central Brooklyn, Brooklyn
11216
$2,700
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
10 Hanover Square, Apt 09Y
Financial District, Downtown Manhattan, Manhattan
10005
$4,035
No Fee
By Owner
By 10 Hanover Square, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
|
square feet
582 Sqft
Check Availability
77 Commercial Street, Apt 443
Greenpoint, Northern Brooklyn, Brooklyn
11222
$3,814
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
128 Montrose Avenue, Apt 501
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11206
$3,400
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
Studio
|
bathrooms
1 Bath
Check Availability
77 Division Ave, Apt 35
Williamsburg, Northern Brooklyn, Brooklyn
11249
$2,900
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
1499 Bedford Avenue, Apt 9I
Crown Heights, Central Brooklyn, Brooklyn
11216
$5,800
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
2 Bed
|
bathrooms
2 Bath
Check Availability
228 S 3rd St, Apt A3
Williamsburg, Northern Brooklyn, Brooklyn
11211
$3,150
Exclusive
No Fee
By The Belle Piper Team, 1 hour ago
bedrooms
1 Bed
|
bathrooms
1 Bath
Check Availability
134 Boerum St, Apt F1
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11206
$3,050
Exclusive
No Fee
By The Belle Piper Team, 2 hours ago
bedrooms
1 Bed / Flex 2
|
bathrooms
1 Bath
Check Availability
125 Boerum Street, Apt 2B
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11206
$3,666
Exclusive
No Fee
By Kreshnik Cikaqi, 15 hours ago
bedrooms
2 Bed
|
bathrooms
1 Bath
Check Availability
58 Stagg Street, Apt 1A
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
11206
$3,950
No Fee
By Kellie Larkin, 2 days ago
bedrooms
2 Bed
|
bathrooms
1.5 Bath
Check Availability
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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.

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