No Fee Apartments for Rent

Updated - July 22, 2017
Home  »  New York, NY  »  No Fee Apartments
Upcoming Open Houses
Sat, Jul 22 11:00am - 4:00pm
$4,650
1BR, 1BA at 377 East 33rd Street
Sat, Jul 22 11:00am - 4:00pm
$3,575
Studio, 1BA at 377 East 33rd Street
Sat, Jul 22 11:00am - 4:00pm
$6,463
2BR, 2BA at 377 East 33rd Street
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Studio, Kips Bay Rental in NYC for $2,400 - Photo 1
Studio, Kips Bay Rental in NYC for $2,400 - Photo 2
Posted 3 mins ago
Kips Bay, Midtown Manhattan, Manhattan
$2,400
Per Month
By Jordan Charles
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Chelsea Rental in NYC for $4,250 - Photo 1
2 Bedrooms, Chelsea Rental in NYC for $4,250 - Photo 2
Posted 2 mins ago
Chelsea, Midtown Manhattan, Manhattan
$4,250
Per Month
By Eli Gindi
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Open House:  Sun, Jul 23, 12:30pm - 1:00pm
Exclusive · No Fee ·
3 Bedrooms, Garment District Rental in NYC for $5,000 - Photo 1
3 Bedrooms, Garment District Rental in NYC for $5,000 - Photo 2
Posted 2 mins ago
Garment District, Midtown Manhattan, Manhattan
$5,000
Per Month
By Shahar Stahi
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No Fee · Doorman · Elevator · Hardwood Floors
4 Bedrooms, Turtle Bay Rental in NYC for $5,995 - Photo 1
4 Bedrooms, Turtle Bay Rental in NYC for $5,995 - Photo 2
Posted 13 mins ago
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$5,995
Per Month
By Erez Ojalvo
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No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
3 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $6,600 - Photo 1
3 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $6,600 - Photo 2
Posted 3 mins ago
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$6,600
Per Month
By StuyTown Apartments
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By Owner · No Fee · 1,148 ft²
1 Bedroom, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,172 - Photo 1
1 Bedroom, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,172 - Photo 2
Posted 4 mins ago
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$4,172
Per Month
By StuyTown Apartments
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By Owner · No Fee · 944 ft²
2 Bedrooms, Hell's Kitchen Rental in NYC for $5,225 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $5,225 - Photo 2
Posted 3 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,225
Per Month
By Kandey Elliott
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No Fee · Doorman · Elevator
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,400 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,400 - Photo 2
Posted 3 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,400
Per Month
By Rafaella Nicoletti
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, West Village Rental in NYC for $4,150 - Photo 1
2 Bedrooms, West Village Rental in NYC for $4,150 - Photo 2
Posted 2 mins ago
West Village, Downtown Manhattan, Manhattan
$4,150
Per Month
By Isaac Arakanchi
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No Fee · Hardwood Floors
1 Bedroom, Murray Hill Rental in NYC for $2,495 - Photo 1
1 Bedroom, Murray Hill Rental in NYC for $2,495 - Photo 2
Posted 3 mins ago
Murray Hill, Midtown Manhattan, Manhattan
$2,495
Per Month
By 9300 Realty
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No Fee · Pre-War · Hardwood Floors
3 Bedrooms, Yorkville Rental in NYC for $4,350 - Photo 1
3 Bedrooms, Yorkville Rental in NYC for $4,350 - Photo 2
Posted 3 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$4,350
Per Month
By Isaac Arakanchi
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Upper East Side Rental in NYC for $4,700 - Photo 1
2 Bedrooms, Upper East Side Rental in NYC for $4,700 - Photo 2
Posted 2 mins ago
Upper East Side, Upper Manhattan, Manhattan
$4,700
Per Month
By Lior Ben-David
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Financial District Rental in NYC for $2,500 - Photo 1
Studio, Financial District Rental in NYC for $2,500 - Photo 2
Posted 3 mins ago
Financial District, Downtown Manhattan, Manhattan
$2,500
Per Month
Financial District Expert
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No Fee · Doorman · Elevator · Laundry in Unit · Pre-War
1 Bedroom, Chelsea Rental in NYC for $5,507 - Photo 1
1 Bedroom, Chelsea Rental in NYC for $5,507 - Photo 2
Posted 4 mins ago
Chelsea, Midtown Manhattan, Manhattan
$5,507
Per Month
By The Chelsea Leasing
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Open House:  Sat, Jul 22, 12:00pm - 3:00pm
Exclusive · No Fee · Doorman · Elevator
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $5,060 - Photo 1
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $5,060 - Photo 2
Posted 3 mins ago
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$5,060
Per Month
By StuyTown Apartments
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By Owner · No Fee · 948 ft²
2 Bedrooms, Battery Park City Rental in NYC for $3,700 - Photo 1
2 Bedrooms, Battery Park City Rental in NYC for $3,700 - Photo 2
Posted 3 mins ago
Battery Park City, Downtown Manhattan, Manhattan
$3,700
Per Month
By Mitchell Anderson
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No Fee · 850 ft² · Doorman · Elevator · Hardwood Floors
Studio, Chelsea Rental in NYC for $3,250 - Photo 1
Studio, Chelsea Rental in NYC for $3,250 - Photo 2
Posted 14 mins ago
Chelsea, Midtown Manhattan, Manhattan
$3,250
Per Month
Chelsea Expert
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No Fee · Doorman · Elevator · Laundry in Unit
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,948 - Photo 1
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,948 - Photo 2
Posted 3 mins ago
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$4,948
Per Month
By StuyTown Apartments
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By Owner · No Fee · 1,211 ft²
Studio, Hell's Kitchen Rental in NYC for $2,880 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,880 - Photo 2
Posted 3 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,880
Per Month
By Miguel Arellano
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No Fee · Elevator · Hardwood Floors
3 Bedrooms, East Village Rental in NYC for $4,600 - Photo 1
3 Bedrooms, East Village Rental in NYC for $4,600 - Photo 2
Posted 3 mins ago
East Village, Downtown Manhattan, Manhattan
$4,600
Per Month
By Brett McDermott
Check Availability
No Fee · Hardwood Floors
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No Fee Apartments for Rent

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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