No Fee Apartments for Rent

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Fri, Apr 20 12:00pm - 7:00pm
$2,980
Studio at 805 Columbus Avenue
Fri, Apr 20 12:00pm - 4:00pm
$7,110
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$3,300
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2 Bedrooms, Kips Bay Rental in NYC for $2,900 - Photo 1
2 Bedrooms, Kips Bay Rental in NYC for $2,900 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $2,900 - Photo 1
Now  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,900 2 Bed 1 Bath
By Dimitar Nikolov, Kips Bay Expert
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No Fee
  Doorman · Elevator
1 Bedroom, East Harlem Rental in NYC for $2,495 - Photo 1
1 Bedroom, East Harlem Rental in NYC for $2,495 - Photo 1 1 Bedroom, East Harlem Rental in NYC for $2,495 - Photo 1
East Harlem, Upper Manhattan, Manhattan
$2,495 1 Bed 1 Bath
By Clell Tickle, East Harlem Expert
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No Fee
  630 ft² · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Greenpoint Rental in NYC for $4,329 - Photo 1
2 Bedrooms, Greenpoint Rental in NYC for $4,329 - Photo 1 2 Bedrooms, Greenpoint Rental in NYC for $4,329 - Photo 1
47 mins  |  100
325 Kent Street, Apt 900
Greenpoint, Northern Brooklyn, Brooklyn
$4,329 2 Bed 2 Bath
By Miguel Arellano
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No Fee
 
Exclusive
  Doorman · Elevator · Laundry in Unit
3 Bedrooms, Kips Bay Rental in NYC for $3,400 - Photo 1
3 Bedrooms, Kips Bay Rental in NYC for $3,400 - Photo 1 3 Bedrooms, Kips Bay Rental in NYC for $3,400 - Photo 1
28 mins  |  100
1 ave
Kips Bay, Midtown Manhattan, Manhattan
$3,400 3 Bed 1 Bath
By Eleonora (Elle) Nikolova
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No Fee
  Elevator
2 Bedrooms, Murray Hill Rental in NYC for $4,150 - Photo 1
2 Bedrooms, Murray Hill Rental in NYC for $4,150 - Photo 1 2 Bedrooms, Murray Hill Rental in NYC for $4,150 - Photo 1
30 mins  |  100
E 38th St
Murray Hill, Midtown Manhattan, Manhattan
$4,150 2 Bed 2 Bath
By Ede Egharevba, Murray Hill Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
2 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1
2 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1 2 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1
1 min  |  100
16 Charles Place, Apt 2G
Bushwick, Northern Brooklyn, Brooklyn
$3,000 2 Bed 1 Bath
By Lily Aksel, Bushwick Expert
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No Fee
 
Exclusive
  Elevator
1 Bedroom, Hell's Kitchen Rental in NYC for $3,075 - Photo 1
1 Bedroom, Hell's Kitchen Rental in NYC for $3,075 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,075 - Photo 1
1 hour  |  100
10 Ave.
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,075 1 Bed 1 Bath
By Idan Elimeleh, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
2 Bedrooms, Long Island City Rental in NYC for $3,875 - Photo 1
2 Bedrooms, Long Island City Rental in NYC for $3,875 - Photo 1 2 Bedrooms, Long Island City Rental in NYC for $3,875 - Photo 1
1 hour  |  100
29-22 Norther Boulevard
Long Island City, Northwestern Queens, Queens
$3,875 2 Bed 2 Bath
By Ivan Palov , LIC Rentals Specialist, Long Island City Expert
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No Fee
  1,150 ft² · Doorman · Elevator · Laundry in Unit
3 Bedrooms, Gramercy Park Rental in NYC for $3,600 - Photo 1
3 Bedrooms, Gramercy Park Rental in NYC for $3,600 - Photo 1 3 Bedrooms, Gramercy Park Rental in NYC for $3,600 - Photo 1
17 mins  |  100
East 20's
Gramercy Park, Midtown Manhattan, Manhattan
$3,600 3 Bed 1 Bath
By Yordan Bobchev, Gramercy Park Expert
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No Fee
  1,150 ft² · Doorman · Elevator
Studio, Hell's Kitchen Rental in NYC for $2,450 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,450 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,450 - Photo 1
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,450 Studio 1 Bath
By Eric Coronel, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
4 Bedrooms, Lower East Side Rental in NYC for $6,795 - Photo 1
4 Bedrooms, Lower East Side Rental in NYC for $6,795 - Photo 1 4 Bedrooms, Lower East Side Rental in NYC for $6,795 - Photo 1
52 mins  |  100
Stanton Street
Lower East Side, Downtown Manhattan, Manhattan
$6,795 4 Bed 2 Bath
By Nate Grossnass
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No Fee
  Elevator · Laundry in Unit · Pre-War · Hardwood Floors
2 Bedrooms, Kips Bay Rental in NYC for $3,978 - Photo 1
2 Bedrooms, Kips Bay Rental in NYC for $3,978 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $3,978 - Photo 1
Now  |  100
E 34th St.
Kips Bay, Midtown Manhattan, Manhattan
$3,978 2 Bed 1 Bath
By Lydia Pappas
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No Fee
  950 ft² · Doorman · Elevator · Pre-War · Hardwood Floors
5 Bedrooms, Financial District Rental in NYC for $7,795 - Photo 1
5 Bedrooms, Financial District Rental in NYC for $7,795 - Photo 1
27 mins  |  100
William St
Financial District, Downtown Manhattan, Manhattan
$7,795 5 Bed 2 Bath
By Gavriel Cooper, Financial District Expert
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No Fee
  Elevator · Laundry in Unit
4 Bedrooms, Yorkville Rental in NYC for $17,100 - Photo 1
4 Bedrooms, Yorkville Rental in NYC for $17,100 - Photo 1 4 Bedrooms, Yorkville Rental in NYC for $17,100 - Photo 1
1 hour  |  100
E 84th St.
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$17,100 4 Bed 4 Bath
By Zack Haluszczak, Upper East Side Expert
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No Fee
  2,500 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Williamsburg Rental in NYC for $4,800 - Photo 1
1 Bedroom, Williamsburg Rental in NYC for $4,800 - Photo 1 1 Bedroom, Williamsburg Rental in NYC for $4,800 - Photo 1
Williamsburg, Northern Brooklyn, Brooklyn
$4,800 1 Bed 2 Bath
By Alan Medvinsky, Williamsburg Expert
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No Fee
 
Exclusive
 
1 Bedroom, NoHo Rental in NYC for $3,200 - Photo 1
1 Bedroom, NoHo Rental in NYC for $3,200 - Photo 1 1 Bedroom, NoHo Rental in NYC for $3,200 - Photo 1
1 hour  |  100
Mott Street
NoHo, Downtown Manhattan, Manhattan
$3,200 1 Bed 1 Bath
By Ric Salinas
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No Fee
  Laundry in Unit · Hardwood Floors
4 Bedrooms, Rose Hill Rental in NYC for $10,995 - Photo 1
4 Bedrooms, Rose Hill Rental in NYC for $10,995 - Photo 1 4 Bedrooms, Rose Hill Rental in NYC for $10,995 - Photo 1
1 hour  |  100
East 26th Street
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$10,995 4 Bed 4.5 Bath
By Sandra Dor
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No Fee
  Laundry in Unit · Pre-War · Hardwood Floors
3 Bedrooms, East Village Rental in NYC for $4,200 - Photo 1
3 Bedrooms, East Village Rental in NYC for $4,200 - Photo 1 3 Bedrooms, East Village Rental in NYC for $4,200 - Photo 1
1 hour  |  100
East 14th street
East Village, Downtown Manhattan, Manhattan
$4,200 3 Bed 1 Bath
By Alex Kim, East Village Expert
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No Fee
  Doorman · Elevator
3 Bedrooms, Lower East Side Rental in NYC for $4,610 - Photo 1
3 Bedrooms, Lower East Side Rental in NYC for $4,610 - Photo 1 3 Bedrooms, Lower East Side Rental in NYC for $4,610 - Photo 1
1 hour  |  100
Ridge Street
Lower East Side, Downtown Manhattan, Manhattan
$4,610 3 Bed 1 Bath
By Jay Lin, Lower East Side Expert
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No Fee
  Laundry in Unit · Hardwood Floors
1 Bedroom, Greenwich Village Rental in NYC for $4,550 - Photo 1
1 Bedroom, Greenwich Village Rental in NYC for $4,550 - Photo 1 1 Bedroom, Greenwich Village Rental in NYC for $4,550 - Photo 1
2 hours  |  100
55 West 11th Street
Greenwich Village, Downtown Manhattan, Manhattan
$4,550 1 Bed 1 Bath
By Adrian Johansson, Greenwich Village Expert
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No Fee
  850 ft² · Doorman · Elevator
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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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