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No Fee Apartments for Rent

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2 Bedrooms, Hell's Kitchen Rental in NYC for $5,250 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $5,250 - Photo 2
Last 30 min
601 West 57th Street, Apt 5P
Hell's Kitchen, Midtown Manhattan, Manhattan
Open House - Tue, Feb 18, 12:00pm - 1:00pm
$5,250 2 Bed 2 Bath
By 57 West Leasing
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No Fee
 
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By Owner
  Doorman · Elevator
2 Bedrooms, Hell's Kitchen Rental in NYC for $7,288 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $7,288 - Photo 2
Last 30 min
625 West 57 Street, Apt 1856
Hell's Kitchen, Midtown Manhattan, Manhattan
Open House - Tue, Feb 18, 11:00am - 3:00pm
$7,288 2 Bed 2 Bath
By 57 West Leasing
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No Fee
 
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By Owner
  Doorman · Elevator
1 Bedroom, Chelsea Rental in NYC for $5,205 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $5,205 - Photo 2
Last 30 min
100 West 31st Street, Apt 35C
Chelsea, Midtown Manhattan, Manhattan
Open House - Tue, Feb 18, 12:00pm - 1:00pm
$5,205 1 Bed 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
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By Owner
  Doorman · Elevator
1 Bedroom, Lincoln Square Rental in NYC for $4,821 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $4,821 - Photo 2
Last hour
175 West 60th Street, Apt 21B
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,821 1 Bed 1 Bath
Bardia Fereidooni, Upper West Side Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Downtown Brooklyn Rental in NYC for $2,585 - Photo 1 Studio, Downtown Brooklyn Rental in NYC for $2,585 - Photo 2
Last 30 min
Bond Street
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,585 Studio 1 Bath
By Charles Narwold
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No Fee
  Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,600 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,600 - Photo 2
Last 30 min
1003 Greene Avenue, Apt 4A
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,600 2 Bed 1 Bath
By Ory Dank
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No Fee
  Elevator
3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,900 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,900 - Photo 2
Last 30 min
771 Lexington Ave, Apt 4A
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,900 3 Bed 1 Bath
By Ory Dank
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No Fee
 
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  800 ft²
2 Bedrooms, Chelsea Rental in NYC for $6,790 - Photo 1 2 Bedrooms, Chelsea Rental in NYC for $6,790 - Photo 2
Last hour
100 West 31st Street, Apt 44B
Chelsea, Midtown Manhattan, Manhattan
Open House - Tue, Feb 18, 12:00pm - 1:00pm
$6,790 2 Bed 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
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By Owner
  Doorman · Elevator
Studio, Upper East Side Rental in NYC for $3,388 - Photo 1 Studio, Upper East Side Rental in NYC for $3,388 - Photo 2
1 hour ago
201 East 69th Street, Apt 11D
Upper East Side, Upper Manhattan, Manhattan
$3,388 Studio / Flex 1 1 Bath
Alexandr Golicov, Upper East Side Expert
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No Fee
  Doorman · Elevator
Studio, Murray Hill Rental in NYC for $3,556 - Photo 1 Studio, Murray Hill Rental in NYC for $3,556 - Photo 2
1 hour ago
225 East 39th Street, Apt 5B
Murray Hill, Midtown Manhattan, Manhattan
$3,556 Studio 1 Bath
By David Gelfenbeyn
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Fort Greene Rental in NYC for $2,700 - Photo 1 Studio, Fort Greene Rental in NYC for $2,700 - Photo 2
Last 30 min
Lafayette Ave & Flatbush Ave
Fort Greene, Northwestern Brooklyn, Brooklyn
$2,700 Studio 1 Bath
By Michael Walter
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No Fee
  Doorman · Elevator
Studio, West Village Rental in NYC for $3,475 - Photo 1 Studio, West Village Rental in NYC for $3,475 - Photo 2
Last 30 min
Jane Street
West Village, Downtown Manhattan, Manhattan
$3,475 Studio 1 Bath
By Heather McVeigh
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No Fee
  Elevator
2 Bedrooms, Murray Hill Rental in NYC for $3,203 - Photo 1 2 Bedrooms, Murray Hill Rental in NYC for $3,203 - Photo 2
Last 30 min
East 35th Street
Murray Hill, Midtown Manhattan, Manhattan
$3,203 2 Bed 1 Bath
By Bruna Naspolini
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No Fee
  Pre-War
Studio, Greenpoint Rental in NYC for $2,675 - Photo 1 Studio, Greenpoint Rental in NYC for $2,675 - Photo 2
Last 30 min
Freeman & Manhattan Ave
Greenpoint, Northern Brooklyn, Brooklyn
$2,675 Studio / Flex 1 1 Bath
Michael Walter, Greenpoint Expert
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No Fee
  Elevator
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,781 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $4,781 - Photo 2
Last hour
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,781 2 Bed / Flex 3 2 Bath
Walter Too, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Studio, Williamsburg Rental in NYC for $2,925 - Photo 1 Studio, Williamsburg Rental in NYC for $2,925 - Photo 2
Last hour
Kent Avenue
Williamsburg, Northern Brooklyn, Brooklyn
$2,925 Studio 1 Bath
Charles Narwold, Williamsburg Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,345 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,345 - Photo 2
Last hour
10th Avenue
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,345 1 Bed / Flex 2 1 Bath
Alex Seyad, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
Loft, NoHo Rental in NYC for $3,150 - Photo 1 Loft, NoHo Rental in NYC for $3,150 - Photo 2
1 hour ago
1 Astor Pl, Apt 4G
NoHo, Downtown Manhattan, Manhattan
$3,150 Loft 1 Bath
Charles Munroe, NoHo Expert
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No Fee
  550 ft² · Doorman · Elevator
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
Last hour
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 $3,325 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,325 - Photo 2
Last hour
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,325 1 Bed 1 Bath
Thomas Auger, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · 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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