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No Fee Apartments for Rent

Home  »  New York, NY  »  No Fee Apartments
16,481 Results
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Studio, Forest Hills Rental in NYC for $1,785 - Photo 1
Score: 88.8
Queens Blvd
Forest Hills, Northwestern Queens, Queens
$1,785
|
Studio
|
1 Bath
By Erez Hillel
Featured
No Fee
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1 Bedroom, Financial District Rental in NYC for $3,903 - Photo 1
1 hour ago  |  Score: 100
95 Wall Street, Apt 1406
Financial District, Downtown Manhattan, Manhattan
$3,903
|
1 Bed
|
1 Bath
By 95 Wall
Featured
No Fee
By Owner
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Studio, West Village Rental in NYC for $3,842 - Photo 1
1 hour ago  |  Score: 100
600 Washington Street, Apt STU...
West Village, Downtown Manhattan, Manhattan
$3,842
|
Studio
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 Bedroom, Lincoln Square Rental in NYC for $4,548 - Photo 1
1 hour ago  |  Score: 100
170 Amsterdam Avenue, Apt ONE ...
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,548
|
1 Bed
|
1 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 hour ago  |  Score: 100
1 William Street, Apt 503
Bergen
$4,242
|
2 Bed
|
2 Bath
By One William
Featured
No Fee
By Owner
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6 Bedrooms, Theater District Rental in NYC for $14,000 - Photo 1
1 hour ago  |  Score: 100
Seventh Avenue
Theater District, Midtown Manhattan, Manhattan
$14,000
|
6 Bed
|
3 Bath
By Felipe Porto
Featured
No Fee
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2 Bedrooms, Yorkville Rental in NYC for $2,100 - Photo 1
Last 30 min  |  Score: 100
321 East 85th Street, Apt 4C
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,100
|
2 Bed
|
1 Bath
By Staci Reed
No Fee
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1 Bedroom, Murray Hill Rental in NYC for $3,271 - Photo 1
2 hours ago  |  Score: 100
401 E 34th St, Apt N04H
Murray Hill, Midtown Manhattan, Manhattan
$3,271
|
1 Bed
|
1 Bath
By View 34
Featured
No Fee
By Owner
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2 Bedrooms, Yorkville Rental in NYC for $2,100 - Photo 1
Last 30 min  |  Score: 100
321 East 85th Street, Apt 3C
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,100
|
2 Bed
|
1 Bath
By Staci Reed
No Fee
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2 Bedrooms, Manhattan Valley Rental in NYC for $5,320 - Photo 1
2 hours ago  |  Score: 100
808 Columbus Avenue, Apt 18M
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$5,320
|
2 Bed
|
2 Bath
By Columbus Square
Featured
No Fee
By Owner
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1 Bedroom, Chelsea Rental in NYC for $4,895 - Photo 1
2 hours ago  |  Score: 100
120 W. 21st, Apt 404
Chelsea, Midtown Manhattan, Manhattan
$4,895
|
1 Bed
|
1 Bath
By 21 Chelsea
Featured
No Fee
By Owner
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1 Bedroom, Ridgewood Rental in NYC for $1,725 - Photo 1
Last 30 min  |  Score: 100
1605 Putnam Avenue, Apt 3K
Ridgewood, Northwestern Queens, Queens
$1,725
|
1 Bed
|
1 Bath
By Bobby
No Fee
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Studio, Forest Hills Rental in NYC for $1,650 - Photo 1
4 hours ago  |  Score: 99.4
70-1 113th Street, Apt 3G
Forest Hills, Northwestern Queens, Queens
$1,650
|
Studio
|
1 Bath
By Joe, Forest Hills Expert
Featured
No Fee
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1 Bedroom, Washington Heights Rental in NYC for $1,875 - Photo 1
5 hours ago  |  Score: 99.3
715 West 172nd Street, Apt 5
Washington Heights, Upper Manhattan, Manhattan
$1,875
|
1 Bed
|
1 Bath
By Gregory Healy, Washington Heights Expert
Featured
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $3,067 - Photo 1
4 hours ago  |  Score: 99.3
319 West 80th Street, Apt 4B
Upper West Side, Upper Manhattan, Manhattan
$3,067
|
1 Bed
|
1 Bath
By Joshua Guzman, Upper West Side Expert
Featured
No Fee
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3 Bedrooms, Weeksville Rental in NYC for $2,900 - Photo 1
6 hours ago  |  Score: 99.0
1515 Park Place, Apt 201
Weeksville, Crown Heights, Central Brooklyn, Brooklyn
$2,900
|
3 Bed
|
2 Bath
By David Quigua
Featured
No Fee
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4 Bedrooms, Bedford-Stuyvesant Rental in NYC for $3,200 - Photo 1
6 hours ago  |  Score: 98.9
461 Dekalb Avenue, Apt 2
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$3,200
|
4 Bed
|
2 Bath
By David Quigua, Bedford-Stuyvesant Expert
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No Fee
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1 Bedroom, Financial District Rental in NYC for $3,443 - Photo 1
2 hours ago  |  Score: 100
10 Hanover Square, Apt 12L
Financial District, Downtown Manhattan, Manhattan
$3,443
|
1 Bed
|
1 Bath
By 10 Hanover Square
Featured
No Fee
By Owner
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3 Bedrooms, Astoria Rental in NYC for $2,900 - Photo 1
6 hours ago  |  Score: 98.9
30-39 Crescent Street, Apt 4R
Astoria, Northwestern Queens, Queens
$2,900
|
3 Bed
|
1 Bath
By Julia Cordova, Astoria Expert
Featured
No Fee
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1 Bedroom, Astoria Rental in NYC for $2,195 - Photo 1
6 hours ago  |  Score: 98.8
31-49 29th Street, Apt B05
Astoria, Northwestern Queens, Queens
$2,195
|
1 Bed
|
1 Bath
By Julia Cordova, Astoria Expert
Featured
No Fee
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2 Bedrooms, Koreatown Rental in NYC for $5,295 - Photo 1
Last 30 min  |  Score: 98.9
West 34th Street
Koreatown, Midtown Manhattan, Manhattan
$5,295
|
2 Bed / Flex 3
|
2 Bath
By James Anderson
No Fee
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1 Bedroom, Upper West Side Rental in NYC for $2,700 - Photo 1
Score: 93.8
West 80th Street
Upper West Side, Upper Manhattan, Manhattan
$2,700
|
1 Bed
|
1 Bath
By Said Bennani
Featured
No Fee
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« Back Page 1 / 825 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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