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No Fee Apartments for Rent

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Studio, Financial District Rental in NYC for $2,900 - Photo 1 Studio, Financial District Rental in NYC for $2,900 - Photo 2
Posted 6 mins ago
100 John Street
Financial District, Downtown Manhattan, Manhattan
$2,900 Studio / Flex 1 1 Bath
By Kevin Diaz
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No Fee
 
By Owner
  Doorman · Elevator
2 Bedrooms, Greenwich Village Rental in NYC for $7,000 - Photo 1 2 Bedrooms, Greenwich Village Rental in NYC for $7,000 - Photo 2
Posted 3 hours ago
145 Fourth Avenue, Apt 11F
Greenwich Village, Downtown Manhattan, Manhattan
$7,000 2 Bed 2 Bath
By Marlon Browar
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No Fee
  1,245 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, West Village Rental in NYC for $4,795 - Photo 1 2 Bedrooms, West Village Rental in NYC for $4,795 - Photo 2
Posted 50 mins ago
Bedford Street
West Village, Downtown Manhattan, Manhattan
$4,795 2 Bed 2 Bath
Maryana Kozlova, West Village Expert
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No Fee
  Laundry in Unit · Pre-War
Studio, Yorkville Rental in NYC for $2,000 - Photo 1 Studio, Yorkville Rental in NYC for $2,000 - Photo 2
Posted 2 hours ago
313 East 85th Street, Apt 2C
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,000 Studio 1 Bath
By Charles Munroe
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No Fee
  450 ft²
2 Bedrooms, Yorkville Rental in NYC for $2,850 - Photo 1 2 Bedrooms, Yorkville Rental in NYC for $2,850 - Photo 2
Posted 2 hours ago
312 East 91st Street, Apt 3E
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,850 2 Bed 1 Bath
By Charles Munroe
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No Fee
  785 ft²
2 Bedrooms, Hell's Kitchen Rental in NYC for $5,300 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $5,300 - Photo 2
Posted 3 hours ago
420 West 42nd Street, Apt 27B
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,300 2 Bed / Flex 3 2 Bath
Marlon Browar, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
3 Bedrooms, Greenpoint Rental in NYC for $3,995 - Photo 1 3 Bedrooms, Greenpoint Rental in NYC for $3,995 - Photo 2
Posted 37 mins ago
845 Manhattan Ave, Apt 3C
Greenpoint, Northern Brooklyn, Brooklyn
$3,995 3 Bed 1 Bath
By Shalom Wilkins
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No Fee
 
Exclusive
  Laundry in Unit
2 Bedrooms, Battery Park City Rental in NYC for $5,248 - Photo 1 2 Bedrooms, Battery Park City Rental in NYC for $5,248 - Photo 2
Posted 3 hours ago
50 Battery Pl, Apt 9W
Battery Park City, Downtown Manhattan, Manhattan
$5,248 2 Bed 2 Bath
By Robin Iselin
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No Fee
 
Exclusive
 
By Owner
  Doorman · Elevator
Studio, Upper East Side Rental in NYC for $3,025 - Photo 1 Studio, Upper East Side Rental in NYC for $3,025 - Photo 2
Posted 6 hours ago
160 East 88th Street, Apt 2H
Upper East Side, Upper Manhattan, Manhattan
$3,025 Studio 1 Bath
By David Gelfenbeyn
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No Fee
  560 ft² · Doorman · Elevator
Studio, Yorkville Rental in NYC for $2,825 - Photo 1 Studio, Yorkville Rental in NYC for $2,825 - Photo 2
Posted 4 hours ago
435 E 79th St, Apt 5K
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,825 Studio 1 Bath
By Sammy Awad
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No Fee
  450 ft² · Doorman · Elevator · Laundry in Unit
1 Bedroom, Rose Hill Rental in NYC for $3,195 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $3,195 - Photo 2
Posted 4 hours ago
209 E 25th Street, Apt 4E
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$3,195 1 Bed 1 Bath
By Paul Schermerhorn
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No Fee
  Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Midtown East Rental in NYC for $2,800 - Photo 1 1 Bedroom, Midtown East Rental in NYC for $2,800 - Photo 2
Posted 4 hours ago
234 East 58th Street, Apt 15
Midtown East, Midtown Manhattan, Manhattan
$2,800 1 Bed 1 Bath
By Sammy Awad
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Greenpoint Rental in NYC for $2,820 - Photo 1 Studio, Greenpoint Rental in NYC for $2,820 - Photo 2
Posted 6 hours ago
21 India Street, Apt T1807
Greenpoint, Northern Brooklyn, Brooklyn
$2,820 Studio 1 Bath
By David Gelfenbeyn
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No Fee
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Theater District Rental in NYC for $3,450 - Photo 1 1 Bedroom, Theater District Rental in NYC for $3,450 - Photo 2
Posted 1 hour ago
W 57st/7 av
Theater District, Midtown Manhattan, Manhattan
$3,450 1 Bed 1 Bath
By Ivo Galabov
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No Fee
  Doorman · Elevator
2 Bedrooms, West Village Rental in NYC for $6,100 - Photo 1 2 Bedrooms, West Village Rental in NYC for $6,100 - Photo 2
Posted 2 hours ago
117 West 13th Street, Apt 45
West Village, Downtown Manhattan, Manhattan
$6,100 2 Bed 1 Bath
By Ana Djukovic
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No Fee
 
Exclusive
 
By Owner
  1,200 ft² · Elevator · Laundry in Unit
1 Bedroom, Chelsea Rental in NYC for $2,650 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $2,650 - Photo 2
Posted 4 hours ago
235 West 18th Street, Apt 1RW
Chelsea, Midtown Manhattan, Manhattan
$2,650 1 Bed 1 Bath
By Giulio Ferrante
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No Fee
 
Exclusive
 
2 Bedrooms, East Village Rental in NYC for $4,600 - Photo 1 2 Bedrooms, East Village Rental in NYC for $4,600 - Photo 2
Posted 8 mins ago
2nd Avenue
East Village, Downtown Manhattan, Manhattan
$4,600 2 Bed 1 Bath
By Lynette Garcia
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No Fee
  Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
2 Bedrooms, Hell's Kitchen Rental in NYC for $5,195 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $5,195 - Photo 2
Posted 3 hours ago
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,195 2 Bed 2 Bath
Yigal Krim, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, Greenwich Village Rental in NYC for $4,500 - Photo 1 1 Bedroom, Greenwich Village Rental in NYC for $4,500 - Photo 2
Posted 7 hours ago
25 E 10th St, Apt 2D
Greenwich Village, Downtown Manhattan, Manhattan
$4,500 1 Bed 1 Bath
By Sarah Halali
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No Fee
  Elevator · Hardwood Floors
1 Bedroom, NoLita Rental in NYC for $3,400 - Photo 1 1 Bedroom, NoLita Rental in NYC for $3,400 - Photo 2
Posted 8 mins ago
Mott Street
NoLita, Downtown Manhattan, Manhattan
$3,400 1 Bed 1 Bath
By Lynette Garcia
Check Availability
No Fee
  Laundry in Unit · 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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