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No Fee Apartments for Rent

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1 Bedroom, East Village Rental in NYC for $2,750 - Photo 1 1 Bedroom, East Village Rental in NYC for $2,750 - Photo 2
Last 30 min
31 St Marks Place, Apt 10
East Village, Downtown Manhattan, Manhattan
$2,750 1 Bed 1 Bath
By Judy Goldschmidt
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No Fee
 
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  Laundry in Unit
3 Bedrooms, Central Harlem Rental in NYC for $2,500 - Photo 1 3 Bedrooms, Central Harlem Rental in NYC for $2,500 - Photo 2
Last 30 min
304 West 151st Street
Central Harlem, Upper Manhattan, Manhattan
$2,500 3 Bed 1 Bath
rashidfd@bohemiarealtygroup.com, Central Harlem Expert
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No Fee
 
Studio, Central Harlem Rental in NYC for $1,800 - Photo 1 Studio, Central Harlem Rental in NYC for $1,800 - Photo 2
Last 30 min
142 West 130th Street
Central Harlem, Upper Manhattan, Manhattan
$1,800 Studio 1 Bath
rashidfd@bohemiarealtygroup.com, Central Harlem Expert
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No Fee
 
2 Bedrooms, Hudson Heights Rental in NYC for $2,700 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,700 - Photo 2
Last 30 min
700 Fort Washington Avenue, Ap...
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,700 2 Bed 1 Bath
Annie Hawkins, Washington Heights Expert
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No Fee
 
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  900 ft² · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Hudson Heights Rental in NYC for $2,700 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,700 - Photo 2
Last 30 min
700 Fort Washington Avenue, Ap...
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,700 2 Bed 1 Bath
Annie Hawkins, Washington Heights Expert
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No Fee
 
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  900 ft² · Elevator · Pre-War · Hardwood Floors
1 Bedroom, Lincoln Square Rental in NYC for $4,295 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $4,295 - Photo 2
Last hour
175 West 60th Street, Apt 10E
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,295 1 Bed 1 Bath
By Ethan James Scherrer
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No Fee
 
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  Doorman · Elevator · Laundry in Unit
Studio, Upper East Side Rental in NYC for $2,562 - Photo 1 Studio, Upper East Side Rental in NYC for $2,562 - Photo 2
Last 30 min
200 East 71st Street, Apt 14D
Upper East Side, Upper Manhattan, Manhattan
$2,562 Studio 1 Bath
By David Gelfenbeyn
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No Fee
 
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  Doorman · Elevator
2 Bedrooms, Murray Hill Rental in NYC for $6,129 - Photo 1 2 Bedrooms, Murray Hill Rental in NYC for $6,129 - Photo 2
Last hour
66 West 38th Street, Apt 24C
Murray Hill, Midtown Manhattan, Manhattan
$6,129 2 Bed 2 Bath
By Ely Levy
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No Fee
 
Live Video Tour
  Doorman · Elevator
2 Bedrooms, Greenwich Village Rental in NYC for $3,590 - Photo 1 2 Bedrooms, Greenwich Village Rental in NYC for $3,590 - Photo 2
1 hour ago
128 Macdougal Street, Apt 2A
Greenwich Village, Downtown Manhattan, Manhattan
$3,590 2 Bed 1 Bath
By Ida Hamdan
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No Fee
  Laundry in Unit · Pre-War · Hardwood Floors
2 Bedrooms, Greenwich Village Rental in NYC for $5,590 - Photo 1 2 Bedrooms, Greenwich Village Rental in NYC for $5,590 - Photo 2
1 hour ago
11 West 8th Street, Apt 3A
Greenwich Village, Downtown Manhattan, Manhattan
$5,590 2 Bed 1 Bath
By Ida Hamdan
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No Fee
  Elevator · Pre-War · Hardwood Floors
Studio, Lincoln Square Rental in NYC for $2,780 - Photo 1 Studio, Lincoln Square Rental in NYC for $2,780 - Photo 2
1 hour ago
101 West End Avenue, Apt 19B
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,780 Studio 1 Bath
Victor Doyle, Upper West Side Expert
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No Fee
 
Live Video Tour
  457 ft² · Doorman · Elevator · Laundry in Unit
Studio, Clinton Hill Rental in NYC for $2,481 - Photo 1 Studio, Clinton Hill Rental in NYC for $2,481 - Photo 2
Last 30 min
Fulton Street
Clinton Hill, Northwestern Brooklyn, Brooklyn
$2,481 Studio 1 Bath
By Charles Narwold
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
4 Bedrooms, Lower East Side Rental in NYC for $7,333 - Photo 1 4 Bedrooms, Lower East Side Rental in NYC for $7,333 - Photo 2
1 hour ago
47 Clinton Street, Apt 6
Lower East Side, Downtown Manhattan, Manhattan
$7,333 4 Bed 2 Bath
By Sixto Sibri
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No Fee
  Laundry in Unit
Studio, Murray Hill Rental in NYC for $3,069 - Photo 1 Studio, Murray Hill Rental in NYC for $3,069 - Photo 2
1 hour ago
685 1st Avenue, Apt 12N
Murray Hill, Midtown Manhattan, Manhattan
$3,069 Studio 1 Bath
By Bardia Fereidooni
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No Fee
 
Live Video Tour
  445 ft² · Doorman · Elevator · Laundry in Unit
3 Bedrooms, Gramercy Park Rental in NYC for $5,164 - Photo 1 3 Bedrooms, Gramercy Park Rental in NYC for $5,164 - Photo 2
Last 30 min
East 18th Street
Gramercy Park, Midtown Manhattan, Manhattan
$5,164 3 Bed 1 Bath
By Sean Bixler
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No Fee
 
Live Video Tour
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4 Bedrooms, Upper East Side Rental in NYC for $6,829 - Photo 1 4 Bedrooms, Upper East Side Rental in NYC for $6,829 - Photo 2
1 hour ago
1377 Lexington Avenue, Apt 5A
Upper East Side, Upper Manhattan, Manhattan
$6,829 4 Bed 2 Bath
Sixto Sibri, Upper East Side Expert
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No Fee
  Laundry in Unit
3 Bedrooms, Hell's Kitchen Rental in NYC for $6,750 - Photo 1 3 Bedrooms, Hell's Kitchen Rental in NYC for $6,750 - Photo 2
Last 30 min
522 West 44th
Hell's Kitchen, Midtown Manhattan, Manhattan
$6,750 3 Bed / Flex 4 2 Bath
By Paeder A Varnam
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No Fee
  1,200 ft² · Doorman · Elevator · Laundry in Unit
Studio, Hell's Kitchen Rental in NYC for $2,646 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,646 - Photo 2
1 hour ago
550 West 54th Street, Apt 668
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,646 Studio 1 Bath
David Gelfenbeyn, Hell's Kitchen Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
Studio, Williamsburg Rental in NYC for $2,425 - Photo 1 Studio, Williamsburg Rental in NYC for $2,425 - Photo 2
Last 30 min
Kent Avenue
Williamsburg, Northern Brooklyn, Brooklyn
$2,425 Studio 1 Bath
Charles Narwold, Williamsburg Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
3 Bedrooms, Lower East Side Rental in NYC for $6,750 - Photo 1 3 Bedrooms, Lower East Side Rental in NYC for $6,750 - Photo 2
Last 30 min
Delancey Street
Lower East Side, Downtown Manhattan, Manhattan
$6,750 3 Bed / Flex 4 2 Bath
By Paeder A Varnam
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No Fee
  Doorman · Elevator · Laundry in Unit
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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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