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No Fee Apartments for Rent

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Fri, Nov 24 10:00am - 5:00pm
$3,860
1BR at 801 Amsterdam Avenue
Sat, Nov 25 12:00pm - 4:00pm
$3,619
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Sat, Nov 25 12:00pm - 4:00pm
$5,000
1BR at 160 West 24th Street
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4 Bedrooms, Crown Heights Rental in NYC for $3,495 - Photo 1
4 Bedrooms, Crown Heights Rental in NYC for $3,495 - Photo 1 4 Bedrooms, Crown Heights Rental in NYC for $3,495 - Photo 1
1 hour  |  100
1477 Pacific Street
Crown Heights, Central Brooklyn, Brooklyn
$3,495 4 Beds 2 Baths
By Amit Golriz
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No Fee · 1,500 ft² · Hardwood Floors
1 Bedroom, Flatbush Rental in NYC for $2,650 - Photo 1
1 Bedroom, Flatbush Rental in NYC for $2,650 - Photo 1 1 Bedroom, Flatbush Rental in NYC for $2,650 - Photo 1
1 hour  |  100
125 Parkside Ave, Apt 5R
Flatbush, Central Brooklyn, Brooklyn
$2,650 1 Bed 1 Bath
By Danny Goldshtein
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No Fee · Exclusive · Elevator
1 Bedroom, Koreatown Rental in NYC for $3,400 - Photo 1
1 Bedroom, Koreatown Rental in NYC for $3,400 - Photo 1 1 Bedroom, Koreatown Rental in NYC for $3,400 - Photo 1
1 hour  |  100
50 West 34th St
Koreatown, Midtown Manhattan, Manhattan
$3,400 1 Bed 1 Bath
By Tina Borges-Druth
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No Fee · Exclusive · Doorman · Elevator · Pre-War
1 Bedroom, Upper East Side Rental in NYC for $3,700 - Photo 1
1 Bedroom, Upper East Side Rental in NYC for $3,700 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $3,700 - Photo 1
1 hour  |  100
east 61st
Upper East Side, Upper Manhattan, Manhattan
$3,700 1 Bed 2 Baths
By Amit Halon
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No Fee · 915 ft² · Doorman · Elevator · Laundry in Unit
Studio, East Village Rental in NYC for $4,975 - Photo 1
Studio, East Village Rental in NYC for $4,975 - Photo 1 Studio, East Village Rental in NYC for $4,975 - Photo 1
1 hour  |  100
416 E 13th St.
East Village, Downtown Manhattan, Manhattan
$4,975 Studio 1 Bath
By 9300 Realty
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No Fee · Laundry in Unit · Pre-War · Hardwood Floors
1 Bedroom, Chelsea Rental in NYC for $5,000 - Photo 1
1 Bedroom, Chelsea Rental in NYC for $5,000 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $5,000 - Photo 1
Chelsea, Midtown Manhattan, Manhattan
$5,000 1 Bed 1 Bath
By The Chelsea Leasing
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No Fee · Exclusive · Doorman · Elevator
Studio, Financial District Rental in NYC for $2,455 - Photo 1
Studio, Financial District Rental in NYC for $2,455 - Photo 1 Studio, Financial District Rental in NYC for $2,455 - Photo 1
1 hour  |  100
Park Row
Financial District, Downtown Manhattan, Manhattan
$2,455 Studio 1 Bath
By Zachary Dess, Financial District Expert
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No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
3 Bedrooms, Hell's Kitchen Rental in NYC for $5,000 - Photo 1
3 Bedrooms, Hell's Kitchen Rental in NYC for $5,000 - Photo 1 3 Bedrooms, Hell's Kitchen Rental in NYC for $5,000 - Photo 1
1 hour  |  100
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,000 3 Beds 1 Bath
By Albert Alkhabbaz
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No Fee · Doorman · Elevator · Laundry in Unit
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,954 - Photo 1
2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,954 - Photo 1 2 Bedrooms, Stuyvesant Town - Peter Cooper Village Rental in NYC for $4,954 - Photo 1
Stuyvesant Town - Peter Cooper Village, Midtown Manhattan, Manhattan, Gramercy Park, East Village
$4,954 2 Beds 2 Baths
By StuyTown Apartments
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No Fee · By Owner · 1,211 ft²
1 Bedroom, Tribeca Rental in NYC for $3,750 - Photo 1
1 Bedroom, Tribeca Rental in NYC for $3,750 - Photo 1 1 Bedroom, Tribeca Rental in NYC for $3,750 - Photo 1
55 mins  |  100
10 Barclay Street
Tribeca, Downtown Manhattan, Manhattan
$3,750 1 Bed 1 Bath
By David Gelfenbeyn
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No Fee · Doorman · Elevator · Laundry in Unit
Studio, Financial District Rental in NYC for $2,295 - Photo 1
Studio, Financial District Rental in NYC for $2,295 - Photo 1 Studio, Financial District Rental in NYC for $2,295 - Photo 1
1 hour  |  100
Maiden Lane
Financial District, Downtown Manhattan, Manhattan
$2,295 Studio 1 Bath
By Alpha Team, Financial District Expert
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No Fee · Doorman · Elevator · Hardwood Floors
Studio, Financial District Rental in NYC for $3,895 - Photo 1
Studio, Financial District Rental in NYC for $3,895 - Photo 1 Studio, Financial District Rental in NYC for $3,895 - Photo 1
1 hour  |  100
45 Wall Street, Apt 301
Financial District, Downtown Manhattan, Manhattan
$3,895 Studio 1 Bath
By Erik Mahan
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No Fee · Exclusive · By Owner · Doorman · Elevator
2 Bedrooms, Flatiron District Rental in NYC for $4,200 - Photo 1
2 Bedrooms, Flatiron District Rental in NYC for $4,200 - Photo 1 2 Bedrooms, Flatiron District Rental in NYC for $4,200 - Photo 1
1 hour  |  100
5th Ave
Flatiron District, Midtown Manhattan, Manhattan
$4,200 2 Beds 1 Bath
By Louis Ortiz
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Lincoln Square Rental in NYC for $7,350 - Photo 1
2 Bedrooms, Lincoln Square Rental in NYC for $7,350 - Photo 1 2 Bedrooms, Lincoln Square Rental in NYC for $7,350 - Photo 1
2 hours  |  100
400 West 63rd Street, Apt 520
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$7,350 2 Beds 2 Baths
By Windsor Property Management
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No Fee · Exclusive · Doorman · Elevator
3 Bedrooms, NoMad Rental in NYC for $3,695 - Photo 1
3 Bedrooms, NoMad Rental in NYC for $3,695 - Photo 1 3 Bedrooms, NoMad Rental in NYC for $3,695 - Photo 1
1 hour  |  100
Madison Avenue
NoMad, Midtown Manhattan, Manhattan
$3,695 3 Beds 1 Bath
By Nash Benaim
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No Fee · Doorman · Elevator · Pre-War · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $3,000 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $3,000 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $3,000 - Photo 1
1 hour  |  100
Midtown Manhattan
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,000 Studio 1 Bath
By Natalia Stoyanova, Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
4 Bedrooms, Hell's Kitchen Rental in NYC for $12,796 - Photo 1
4 Bedrooms, Hell's Kitchen Rental in NYC for $12,796 - Photo 1 4 Bedrooms, Hell's Kitchen Rental in NYC for $12,796 - Photo 1
1 hour  |  100
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$12,796 4 Beds 3 Baths
By Aaron Hillel
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No Fee · Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
Studio, Chelsea Rental in NYC for $2,600 - Photo 1
Studio, Chelsea Rental in NYC for $2,600 - Photo 1 Studio, Chelsea Rental in NYC for $2,600 - Photo 1
33 mins  |  100
West 22nd Street
Chelsea, Midtown Manhattan, Manhattan
$2,600 Studio 1 Bath
By Bryce Boyd
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Chelsea Rental in NYC for $4,108 - Photo 1
2 Bedrooms, Chelsea Rental in NYC for $4,108 - Photo 1 2 Bedrooms, Chelsea Rental in NYC for $4,108 - Photo 1
2 hours  |  100
W 31 St.
Chelsea, Midtown Manhattan, Manhattan
$4,108 2 Beds 1 Bath
By Timmy Perparim Lloqanaj , Chelsea Expert
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Manhattan Valley Rental in NYC for $5,305 - Photo 1
2 Bedrooms, Manhattan Valley Rental in NYC for $5,305 - Photo 1 2 Bedrooms, Manhattan Valley Rental in NYC for $5,305 - Photo 1
2 hours  |  100
808 Columbus Avenue, Apt 3H
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$5,305 2 Beds 1 Bath
By Columbus Square Leasing Team
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No Fee · Exclusive · 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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