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No Fee Apartments for Rent

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1 Bedroom, Yorkville Rental in NYC for $2,400 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,400 - Photo 2
1 hour ago
213 East 84th Street #5d
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,400 1 Bed 1 Bath
By Andrei Zaharia
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No Fee
 
Studio, Rose Hill Rental in NYC for $2,578 - Photo 1 Studio, Rose Hill Rental in NYC for $2,578 - Photo 2
3 hours ago
150 East 34th Street, Apt 907
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,578 Studio 1 Bath
By Alex Seyad
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, Chelsea Rental in NYC for $4,915 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $4,915 - Photo 2
3 hours ago
100 West 31st Street, Apt 29K
Chelsea, Midtown Manhattan, Manhattan
$4,915 1 Bed 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
Exclusive
 
By Owner
  Doorman · Elevator
1 Bedroom, Long Island City Rental in NYC for $3,248 - Photo 1 1 Bedroom, Long Island City Rental in NYC for $3,248 - Photo 2
3 hours ago
41-21 28th St, Apt 7M
Long Island City, Northwestern Queens, Queens
$3,248 1 Bed 1 Bath
By David Quigua
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No Fee
  700 ft² · Doorman · Elevator · Laundry in Unit
2 Bedrooms, Chelsea Rental in NYC for $6,980 - Photo 1 2 Bedrooms, Chelsea Rental in NYC for $6,980 - Photo 2
3 hours ago
100 West 31st Street, Apt 39B
Chelsea, Midtown Manhattan, Manhattan
$6,980 2 Bed 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
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By Owner
  Doorman · Elevator
Studio, Bushwick Rental in NYC for $2,315 - Photo 1 Studio, Bushwick Rental in NYC for $2,315 - Photo 2
3 hours ago
10 Montieth St, Apt G57
Bushwick, Northern Brooklyn, Brooklyn
$2,315 Studio 1 Bath
By David Quigua
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No Fee
  481 ft² · Doorman · Elevator · Laundry in Unit
1 Bedroom, Lincoln Square Rental in NYC for $4,000 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $4,000 - Photo 2
5 hours ago
21 West End Avenue, Apt 1212
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,000 1 Bed 1 Bath
By David Gelfenbeyn
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Battery Park City Rental in NYC for $4,659 - Photo 1 2 Bedrooms, Battery Park City Rental in NYC for $4,659 - Photo 2
3 hours ago
50 Battery Pl, Apt 6B
Battery Park City, Downtown Manhattan, Manhattan
$4,659 2 Bed 2 Bath
By Robin Iselin
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No Fee
 
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By Owner
  Doorman · Elevator
Studio, Hell's Kitchen Rental in NYC for $2,895 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,895 - Photo 2
3 hours ago
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,895 Studio 1 Bath
Tal shel, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,895 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,895 - Photo 2
3 hours ago
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,895 Studio 1 Bath
Idan Elimeleh, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, West Village Rental in NYC for $5,725 - Photo 1 1 Bedroom, West Village Rental in NYC for $5,725 - Photo 2
7 hours ago
95 Christopher Street, Apt 10J...
West Village, Downtown Manhattan, Manhattan
$5,725 1 Bed 1 Bath
By Sherman Halliday
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No Fee
 
Live Video Tour
  622 ft² · Doorman · Elevator · Laundry in Unit
Studio, Murray Hill Rental in NYC for $3,785 - Photo 1 Studio, Murray Hill Rental in NYC for $3,785 - Photo 2
5 hours ago
160 Madison Avenue, Apt 23J
Murray Hill, Midtown Manhattan, Manhattan
$3,785 Studio 1 Bath
By Ely Levy
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No Fee
  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Hell's Kitchen Rental in NYC for $5,495 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $5,495 - Photo 2
5 hours ago
550 West 45th Street, Apt 622
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,495 2 Bed 2 Bath
By Alexandr Golicov
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Little Italy Rental in NYC for $4,750 - Photo 1 2 Bedrooms, Little Italy Rental in NYC for $4,750 - Photo 2
7 hours ago
212 Grand Street, Apt 3A
Little Italy, Downtown Manhattan, Manhattan
$4,750 2 Bed 1 Bath
By Sherman Halliday
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No Fee
 
Live Video Tour
  827 ft² · Elevator · Laundry in Unit
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,963 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $4,963 - Photo 2
3 hours ago
West 43rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,963 2 Bed / Flex 3 2 Bath
Alexandre Haussmann, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Studio, Financial District Rental in NYC for $2,975 - Photo 1 Studio, Financial District Rental in NYC for $2,975 - Photo 2
6 hours ago
20 Exchange Place, Apt 932
Financial District, Downtown Manhattan, Manhattan
$2,975 Studio 1 Bath
By Ethan James Scherrer
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No Fee
 
Live Video Tour
  Doorman · Elevator
2 Bedrooms, Theater District Rental in NYC for $5,150 - Photo 1 2 Bedrooms, Theater District Rental in NYC for $5,150 - Photo 2
3 hours ago
West 48th Street
Theater District, Midtown Manhattan, Manhattan
$5,150 2 Bed / Flex 3 2 Bath
Yigal Krim, Theater District Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,500 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,500 - Photo 2
3 hours ago
West 45th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,500 1 Bed 1 Bath
Chedvi Gerlitz, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,550 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,550 - Photo 2
3 hours ago
West 45th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,550 1 Bed 1 Bath
Camilo Lopez, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $3,052 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $3,052 - Photo 2
3 hours ago
West 43rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,052 Studio 1 Bath
Thomas Auger, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
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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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