No Fee Apartments for Rent

Updated - May 27, 2017
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Upcoming Open Houses
Sat, May 27 10:00am - 4:00pm
$2,995
Studio, 1BA at 795 Columbus Avenue
Sat, May 27 10:00am - 4:00pm
$3,830
1BR, 1BA at 801 Amsterdam Avenue
Sat, May 27 10:00am - 5:00pm
$5,705
1BR, 1BA at 808 Columbus Avenue
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4 Bedrooms, Murray Hill Rental in NYC for $6,500 - Photo 1
4 Bedrooms, Murray Hill Rental in NYC for $6,500 - Photo 2
Posted 1 min ago
Murray Hill, Midtown Manhattan, Manhattan
$6,500
Per Month
Murray Hill Expert
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Chelsea Rental in NYC for $5,388 - Photo 1
1 Bedroom, Chelsea Rental in NYC for $5,388 - Photo 2
Posted 1 min ago
Chelsea, Midtown Manhattan, Manhattan
$5,388
Per Month
By The Chelsea Leasing
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Open House:  Sat, May 27, 11:00am - 1:00pm
Exclusive · No Fee · Doorman · Elevator
1 Bedroom, Murray Hill Rental in NYC for $4,295 - Photo 1
1 Bedroom, Murray Hill Rental in NYC for $4,295 - Photo 2
Posted 1 min ago
Murray Hill, Midtown Manhattan, Manhattan
$4,295
Per Month
By Kristy Berlin
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No Fee · Doorman · Elevator
2 Bedrooms, Midtown East Rental in NYC for $5,950 - Photo 1
2 Bedrooms, Midtown East Rental in NYC for $5,950 - Photo 2
Posted 18 mins ago
Midtown East, Midtown Manhattan, Manhattan
$5,950
Per Month
Midtown East Expert
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No Fee · 1,121 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Upper East Side Rental in NYC for $3,342 - Photo 1
1 Bedroom, Upper East Side Rental in NYC for $3,342 - Photo 2
Posted 18 mins ago
Upper East Side, Upper Manhattan, Manhattan
$3,342
Per Month
Upper East Side Expert
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No Fee · Elevator · Hardwood Floors
2 Bedrooms, Yorkville Rental in NYC for $3,100 - Photo 1
2 Bedrooms, Yorkville Rental in NYC for $3,100 - Photo 2
Posted 2 mins ago
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$3,100
Per Month
Upper East Side Expert
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No Fee · 700 ft²
1 Bedroom, Hell's Kitchen Rental in NYC for $3,450 - Photo 1
1 Bedroom, Hell's Kitchen Rental in NYC for $3,450 - Photo 2
Posted 18 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,450
Per Month
Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,500 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,500 - Photo 2
Posted 17 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,500
Per Month
Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,100 - Photo 1
1 Bedroom, Hell's Kitchen Rental in NYC for $3,100 - Photo 2
Posted 18 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,100
Per Month
By Ronald Roncancio
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No Fee · Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,795 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,795 - Photo 2
Posted 18 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,795
Per Month
By Ronald Roncancio
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No Fee · Doorman · Laundry in Unit · Hardwood Floors
2 Bedrooms, Hunters Point Rental in NYC for $4,376 - Photo 1
2 Bedrooms, Hunters Point Rental in NYC for $4,376 - Photo 2
Posted 2 mins ago
Hunters Point, Long Island City, Northwestern Queens, Queens
$4,376
Per Month
By Ian Christie
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No Fee · 1,100 ft² · Doorman · Elevator
1 Bedroom, Upper West Side Rental in NYC for $2,900 - Photo 1
1 Bedroom, Upper West Side Rental in NYC for $2,900 - Photo 2
Posted Just Posted
Upper West Side, Upper Manhattan, Manhattan
$2,900
Per Month
By Michael Lau
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No Fee · Doorman · Elevator · Hardwood Floors · Furnished
2 Bedrooms, Canarsie Rental in NYC for $1,875 - Photo 1
2 Bedrooms, Canarsie Rental in NYC for $1,875 - Photo 2
Posted 2 mins ago
Canarsie, Eastern Brooklyn, Brooklyn
$1,875
Per Month
By Russell Dinstein
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No Fee · 866 ft² · Elevator · Hardwood Floors
3 Bedrooms, Hell's Kitchen Rental in NYC for $4,195 - Photo 1
3 Bedrooms, Hell's Kitchen Rental in NYC for $4,195 - Photo 2
Posted 1 min ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,195
Per Month
By Nate Grossnass
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No Fee · Laundry in Unit · Hardwood Floors
2 Bedrooms, Williamsburg Rental in NYC for $5,575 - Photo 1
2 Bedrooms, Williamsburg Rental in NYC for $5,575 - Photo 2
Posted 2 mins ago
Williamsburg, Northern Brooklyn, Brooklyn
$5,575
Per Month
By Charles Boxer
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No Fee · Elevator
Studio, Hell's Kitchen Rental in NYC for $2,300 - Photo 1
Studio, Hell's Kitchen Rental in NYC for $2,300 - Photo 2
Posted 17 mins ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,300
Per Month
Hell's Kitchen Expert
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,900 - Photo 1
2 Bedrooms, Hell's Kitchen Rental in NYC for $3,900 - Photo 2
Posted 1 min ago
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,900
Per Month
By Limor Ashkenazi
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No Fee · Doorman · Elevator · Hardwood Floors
2 Bedrooms, Turtle Bay Rental in NYC for $3,000 - Photo 1
2 Bedrooms, Turtle Bay Rental in NYC for $3,000 - Photo 2
Posted Just Posted
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$3,000
Per Month
Midtown East Expert
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No Fee · 750 ft² · Doorman · Elevator
1 Bedroom, Lenox Hill Rental in NYC for $3,895 - Photo 1
Posted Just Posted
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$3,895
Per Month
Upper East Side Expert
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No Fee · Elevator · Hardwood Floors
Studio, Long Island City Rental in NYC for $2,400 - Photo 1
Studio, Long Island City Rental in NYC for $2,400 - Photo 2
Posted 2 mins ago
Long Island City, Northwestern Queens, Queens
$2,400
Per Month
By Sean Christie
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No Fee · 500 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
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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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