Login

No Fee Apartments for Rent

Upcoming Open Houses
Mon, Oct 15 9:30am - 7:30pm
$4,945
2BR at 311 W 50th St
Mon, Oct 15 12:00pm - 7:00pm
$3,600
2BR at 41-22 24th street
Wed, Oct 17 11:00am - 7:00pm
$5,500
2BR at 377 East 33rd Street
Sort:   Quality   |   Price
« Back   |   Page     of 2106 (42,119 Rentals) Page 1 of 2106   |   Next »
4 mins  |  100
246 E 71st St, Apt 2A
Upper East Side, Upper Manhattan, Manhattan
$2,225 Studio 1 Bath
By Melissa Castro
Check Availability
No Fee
 
Exclusive
  Hardwood Floors
14 mins  |  100
625 West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,349 2 Bed 2 Bath
Alex , Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit
13 mins  |  100
East 34th Street
Kips Bay, Midtown Manhattan, Manhattan
$3,100 2 Bed 1 Bath
Eric Coronel, Kips Bay Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
1 min  |  100
Wall Street
Financial District, Downtown Manhattan, Manhattan
$4,350 3 Bed 1 Bath
Christopher Rassam, Financial District Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit
16 mins  |  100
West 34th Street
Chelsea, Midtown Manhattan, Manhattan
$5,150 3 Bed 2 Bath
By Marlon Beno
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
2 hours  |  100
41-22 24th Street, Apt 7C
Long Island City, Northwestern Queens, Queens
$3,600 2 Bed 2 Bath
Jay Lin, Long Island City Expert
Open House:  Mon, Oct 15, 12:00pm - 7:00pm
Check Availability
No Fee
 
Exclusive
  Doorman · Elevator
1 hour  |  100
60 Water Street, Apt 317
DUMBO, Northwestern Brooklyn, Brooklyn
$3,495 Studio 1 Bath
By 60 Water Street Leasing
Check Availability
No Fee
 
Exclusive
  Doorman
1 hour  |  100
7 W 108th St, Apt 4D
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$4,200 4 Bed 1 Bath
By Randall Smith
Check Availability
No Fee
 
Exclusive
  Elevator
45 mins  |  100
W 37th St
Garment District, Midtown Manhattan, Manhattan
$2,590 Studio 1 Bath
By Jason Polanco
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 hour  |  100
321 W 16th St., Apt 4E
Chelsea, Midtown Manhattan, Manhattan
$4,495 2 Bed 1 Bath
By 9300 Realty
Check Availability
No Fee
 
Exclusive
 
By Owner
  Laundry in Unit · Hardwood Floors
1 hour  |  100
377 East 33rd Street, Apt 16J
Kips Bay, Midtown Manhattan, Manhattan
$5,500 2 Bed 2 Bath
By The Lanthian Leasing
Open House:  Wed, Oct 17, 11:00am - 7:00pm
Check Availability
No Fee
 
Exclusive
  Doorman · Elevator
1 hour  |  100
117 E 89th St, Apt 3C
Carnegie Hill, Upper East Side, Upper Manhattan, Manhattan
$2,700 1 Bed 1 Bath
Jake Kerrigan, Upper East Side Expert
Check Availability
No Fee
 
Exclusive
  Hardwood Floors
8 mins  |  100
255 Mckibbin Street, Apt 214
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$3,850 1 Bed 1 Bath
Steven Pennoyer, Williamsburg Expert
Check Availability
No Fee
 
Exclusive
  Hardwood Floors
1 hour  |  100
50 Battery Pl, Apt 3H
Battery Park City, Downtown Manhattan, Manhattan
$3,850 1 Bed 1 Bath
By Robin Iselin
Check Availability
No Fee
 
Exclusive
 
By Owner
  Doorman · Elevator
1 hour  |  100
E 80th St.
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$4,600 1 Bed 1 Bath
Annat Carey, Upper East Side Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
1 hour  |  100
Dean Street
Prospect Heights, Northwestern Brooklyn, Brooklyn
$2,404 Studio 1 Bath
By Erez Hillel
Check Availability
No Fee
  440 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 hour  |  100
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,995 1 Bed 1 Bath
Dimitar Nikolov, Kips Bay Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Furnished
3 hours  |  100
420 E 80th St, Apt 3D
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$3,410 1 Bed 1 Bath
Diana Babayeva, Upper East Side Expert
Check Availability
No Fee
 
Exclusive
  Doorman · Hardwood Floors
34 mins  |  100
1 Astor Place, Apt 9G
NoHo, Downtown Manhattan, Manhattan
$3,025 Studio 1 Bath
By Devon Carter
Check Availability
No Fee
 
Exclusive
  Doorman · Elevator · Pre-War · Loft · Hardwood Floors
1 hour  |  100
Christopher St.
West Village, Downtown Manhattan, Manhattan
$6,500 2 Bed 1 Bath
By Phillip Estevez
Check Availability
No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
« Back   |   Page     of 2106 (42,119 Rentals) Page 1 of 2106   |   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.

Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2018 RentHop.com™