Rentals Sales Help
New York City, NY
Filters
Search

No Fee Apartments for Rent

Sort:   Relevance   |   Price
« Back
Page     of 1357 (27,134 Rentals) Page 1 of 1357
Next »
Posted 5 mins ago
1 Duffield St
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
Posted 5 mins ago
$2,499 Studio 1 Bath
By Sarah Galdes
Check Availability
No Fee
  Elevator
Posted 53 mins ago
515 West 36th Street, Apt 31G
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 53 mins ago
$3,590 Studio 1 Bath
David Gelfenbeyn, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit
Posted 52 mins ago
150 East 44th Street, Apt 20H
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
Posted 52 mins ago
$5,700 2 Bed 2 Bath
By Bardia Fereidooni
Check Availability
No Fee
  Doorman · Elevator
Posted 49 mins ago
225 East 39th Street, Apt 32H
Murray Hill, Midtown Manhattan, Manhattan
Posted 49 mins ago
$4,685 1 Bed 1 Bath
By Victor Doyle
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit
Posted 51 mins ago
50 West 34th Street, Apt 19B01...
Koreatown, Midtown Manhattan, Manhattan
Posted 51 mins ago
$2,800 Studio 1 Bath
By Becky Cooke
Check Availability
No Fee
  Doorman · Elevator
Posted 19 mins ago
West 43rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 19 mins ago
$3,880 1 Bed 1 Bath
Thomas Auger, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
Posted 13 mins ago
West 37th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 13 mins ago
$3,800 1 Bed 1 Bath
Alina Prokopiv, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
Posted 19 mins ago
West 52nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 19 mins ago
$3,750 1 Bed 1 Bath
Marlon Browar, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 20 mins ago
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 20 mins ago
$3,495 1 Bed 1 Bath
Idan Elimeleh, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 18 mins ago
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 18 mins ago
$5,629 2 Bed 2 Bath
Gary Gamble, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
Posted 22 mins ago
Clinton Street
Lower East Side, Downtown Manhattan, Manhattan
Posted 22 mins ago
$7,153 3 Bed 2 Bath
By James Herbert
Check Availability
No Fee
  Elevator · Laundry in Unit · Hardwood Floors
Posted 26 mins ago
Front Street
Financial District, Downtown Manhattan, Manhattan
Posted 26 mins ago
$5,650 1 Bed 1 Bath
Carole Becker, Financial District Expert
Check Availability
No Fee
  Elevator · Laundry in Unit
Posted 49 mins ago
West 48th Street
Theater District, Midtown Manhattan, Manhattan
Posted 49 mins ago
$3,890 1 Bed / Flex 2 1 Bath
Yigal Krim, Theater District Expert
Check Availability
No Fee
  Doorman · Elevator · Hardwood Floors
Posted 51 mins ago
6th Avenue
Murray Hill, Midtown Manhattan, Manhattan
Posted 51 mins ago
$3,995 1 Bed / Flex 2 1 Bath
By Alexandre Haussmann
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 30 mins ago
First ave
East Village, Downtown Manhattan, Manhattan
Posted 30 mins ago
$4,595 3 Bed 1 Bath
By Eleonora (Elle) Nikolova
Check Availability
No Fee
 
Posted 50 mins ago
Tenth Avenue
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 50 mins ago
$3,502 Studio 1 Bath
Samantha Kramer, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 48 mins ago
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 48 mins ago
$3,550 1 Bed 1 Bath
Alex Seyad, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 50 mins ago
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
Posted 50 mins ago
$3,495 1 Bed 1 Bath
Mike Navarro, Hell's Kitchen Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
Posted 2 hours ago
248 Mott Street, Apt 18
NoLita, Downtown Manhattan, Manhattan
Posted 2 hours ago
$3,895 1 Bed 1 Bath
By Logan Padilla
Check Availability
No Fee
  Laundry in Unit
Posted 41 mins ago
East 87th street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
Posted 41 mins ago
$5,665 2 Bed 2 Bath
Jared Schwartz, Upper East Side Expert
Check Availability
No Fee
  Doorman · Elevator · Laundry in Unit
« Back
Page     of 1357 (27,134 Rentals) Page 1 of 1357
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 - 2019 RentHop.com™