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No Fee Apartments for Rent

Home  »  New York, NY  »  No Fee Apartments
19,223 Results
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2 Bedrooms, Theater District Rental in NYC for $4,040 - Photo 1
Last 30 min  |  Score: 100
271 West 47th Street, Apt 52B
Theater District, Midtown Manhattan, Manhattan
$4,040
|
2 Bed
|
2 Bath
By Elizabeth Munn
Featured
No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,200 - Photo 1
Last 30 min  |  Score: 100
342 East 85th Street, Apt 2
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,200
|
2 Bed
|
1 Bath
By Lior Ben-David
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No Fee
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1 Bedroom, Hudson Heights Rental in NYC for $1,800 - Photo 1
Last 30 min  |  Score: 100
20 Magaw Place
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$1,800
|
1 Bed
|
1 Bath
By Oscarli Diaz, Washington Heights Expert
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No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,025 - Photo 1
Last 30 min  |  Score: 100
349 East 82nd Street, Apt 3R
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,025
|
2 Bed
|
1 Bath
By Lior Ben-David
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No Fee
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Studio, Theater District Rental in NYC for $2,108 - Photo 1
Last 30 min  |  Score: 100
260 West 54th Street, Apt 19H
Theater District, Midtown Manhattan, Manhattan
$2,108
|
Studio
|
1 Bath
By Elizabeth Munn
Featured
No Fee
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1 Bedroom, Manhattan Valley Rental in NYC for $2,678 - Photo 1
1 hour ago  |  Score: 100
801 Amsterdam Avenue, Apt 8C
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,678
|
1 Bed
|
1 Bath
By Columbus Square Leasing Team
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No Fee
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Studio, Ridgewood Rental in NYC for $1,850 - Photo 1
Last 30 min  |  Score: 100
59-19 Madison Street, Apt 2F
Ridgewood, Northwestern Queens, Queens
$1,850
|
Studio
|
1 Bath
By Isabella Oledzka
No Fee
By Owner
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1 Bedroom, Chelsea Rental in NYC for $2,650 - Photo 1
Last 30 min  |  Score: 100
239 West 16th Street, Apt D2
Chelsea, Midtown Manhattan, Manhattan
$2,650
|
1 Bed
|
1 Bath
By Julie
No Fee
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1 Bedroom, Flatbush Rental in NYC for $1,999 - Photo 1
1 hour ago  |  Score: 100
95 Linden Boulevard, Apt 56B
Flatbush, Central Brooklyn, Brooklyn
$1,999
|
1 Bed
|
1 Bath
By Kimberlyn Casciano
Featured
No Fee
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Studio, Hell's Kitchen Rental in NYC for $2,194 - Photo 1
1 hour ago  |  Score: 100
606 West 57th Street, Apt 1027...
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,194
|
Studio / Flex 1
|
1 Bath
By Emmanuel 'Manny' Guervil, Hell's Kitchen Expert
Featured
No Fee
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1 Bedroom, Upper East Side Rental in NYC for $2,996 - Photo 1
Last hour  |  Score: 100
350 East 79th Street, Apt 9F
Upper East Side, Upper Manhattan, Manhattan
$2,996
|
1 Bed
|
1 Bath
By Ely Levy
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No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,990 - Photo 1
Last 30 min  |  Score: 100
E 95th St
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,990
|
2 Bed / Flex 3
|
2 Bath
By Jamie Fields
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No Fee
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1 Bedroom, DUMBO Rental in NYC for $2,996 - Photo 1
2 hours ago  |  Score: 100
60 Water Street, Apt 504
DUMBO, Northwestern Brooklyn, Brooklyn
$2,996
|
1 Bed
|
1 Bath
By David Gelfenbeyn
Featured
No Fee
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2 Bedrooms, Lincoln Square Rental in NYC for $4,500 - Photo 1
1 hour ago  |  Score: 100
45 West 60th Street, Apt 9K
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,500
|
2 Bed
|
2 Bath
By Ely Levy
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $2,195 - Photo 1
2 hours ago  |  Score: 100
374 West 46th Street #2w, Apt ...
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,195
|
1 Bed
|
1 Bath
By Robert A. Brooks, Hell's Kitchen Expert
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No Fee
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2 Bedrooms, Hell's Kitchen Rental in NYC for $3,619 - Photo 1
1 hour ago  |  Score: 100
606 West 57th Street, Apt 821
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,619
|
2 Bed / Flex 3
|
2 Bath
By Emmanuel 'Manny' Guervil, Hell's Kitchen Expert
Featured
No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,500 - Photo 1
2 hours ago  |  Score: 100
424 East 83rd Street, Apt 4E
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,500
|
2 Bed
|
1 Bath
By Candice Bynum
Featured
No Fee
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1 Bedroom, Lincoln Square Rental in NYC for $2,559 - Photo 1
2 hours ago  |  Score: 100
210 West 70th Street, Apt 711
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,559
|
1 Bed
|
1 Bath
By David Torres
Featured
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $2,490 - Photo 1
2 hours ago  |  Score: 100
323 West 96th Street, Apt 603
Upper West Side, Upper Manhattan, Manhattan
$2,490
|
1 Bed / Flex 2
|
1 Bath
By Yoni
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No Fee
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3 Bedrooms, Morningside Heights Rental in NYC for $9,000 - Photo 1
Last hour  |  Score: 100
420 Riverside Drive, Apt 12H
Morningside Heights, West Harlem, Upper Manhattan, Manhattan
$9,000
|
3 Bed
|
2 Bath
By Heather McVeigh
Featured
No Fee
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« Back Page 1 / 962 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

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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