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No Fee Apartments for Rent

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No Fee
Video Tour
1 Bedroom, Financial District Rental in NYC for $3,347 - Photo 1 1 Bedroom, Financial District Rental in NYC for $3,347 - Photo 2
Last 30 min  |  Score: 100
19 Dutch Street, Apt 21I
Financial District, Downtown Manhattan, Manhattan
$3,347
|
1 Bed
|
1 Bath
By Samantha Zerbe
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No Fee
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No Fee
Studio, Greenwich Village Rental in NYC for $2,478 - Photo 1 Studio, Greenwich Village Rental in NYC for $2,478 - Photo 2
Last 30 min  |  Score: 100
145 4th Avenue, Apt 5M
Greenwich Village, Downtown Manhattan, Manhattan
$2,478
|
Studio
|
1 Bath
By Larry Mackler
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No Fee
No Fee
Video Tour
1 Bedroom, Ocean Hill Rental in NYC for $2,000 - Photo 1 1 Bedroom, Ocean Hill Rental in NYC for $2,000 - Photo 2
Last 30 min  |  Score: 100
586 Bainbridge Street, Apt 3F
Ocean Hill, Central Brooklyn, Brooklyn
$2,000
|
1 Bed
|
1 Bath
By Caroline
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No Fee
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No Fee
Video Tour
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,496 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $4,496 - Photo 2
1 hour ago  |  Score: 100
525 West 52nd Street, Apt 8LN
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,496
|
2 Bed
|
2 Bath
By Samantha Zerbe
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No Fee
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No Fee
2 Bedrooms, Financial District Rental in NYC for $4,500 - Photo 1 2 Bedrooms, Financial District Rental in NYC for $4,500 - Photo 2
Last 30 min  |  Score: 100
2 Gold Street, Apt 1713
Financial District, Downtown Manhattan, Manhattan
$4,500
|
2 Bed
|
2 Bath
By Richard Dawson
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No Fee
No Fee
3 Bedrooms, Elmhurst Rental in NYC for $2,900 - Photo 1 3 Bedrooms, Elmhurst Rental in NYC for $2,900 - Photo 2
Last hour  |  Score: 100
92-31 51st Avenue, Apt 1
Elmhurst, Northwestern Queens, Queens
$2,900
|
3 Bed
|
1 Bath
By Constantine Fourtounis
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No Fee
No Fee
2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,433 - Photo 1 2 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,433 - Photo 2
1 hour ago  |  Score: 100
418 Lexington Avenue, Apt 2A
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,433
|
2 Bed
|
1 Bath
By David Quigua, Bedford-Stuyvesant Expert
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No Fee
No Fee
By Owner
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  |  Score: 100
634 Hancock Street, Apt GARDEN...
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,600
|
2 Bed
|
1 Bath
By Diego Ortiz
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No Fee
By Owner
No Fee
Video Tour
2 Bedrooms, Clinton Hill Rental in NYC for $2,890 - Photo 1 2 Bedrooms, Clinton Hill Rental in NYC for $2,890 - Photo 2
1 hour ago  |  Score: 100
596 Washington Avenue, Apt 3A
Clinton Hill, Northwestern Brooklyn, Brooklyn
$2,890
|
2 Bed
|
1 Bath
By David Quigua, Clinton Hill Expert
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No Fee
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No Fee
Video Tour
2 Bedrooms, Manhattan Valley Rental in NYC for $2,531 - Photo 1 2 Bedrooms, Manhattan Valley Rental in NYC for $2,531 - Photo 2
Last 30 min  |  Score: 100
350 West 110th Street, Apt 6E
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$2,531
|
2 Bed
|
1 Bath
By Alexandra Gottlieb
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No Fee
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No Fee
2 Bedrooms, Manhattan Valley Rental in NYC for $4,567 - Photo 1 2 Bedrooms, Manhattan Valley Rental in NYC for $4,567 - Photo 2
1 hour ago  |  Score: 100
801 Amsterdam Avenue, Apt 8B
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$4,567
|
2 Bed
|
2 Bath
By Columbus Square Leasing Team
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No Fee
No Fee
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1 Bedroom, Downtown Brooklyn Rental in NYC for $2,300 - Photo 1 1 Bedroom, Downtown Brooklyn Rental in NYC for $2,300 - Photo 2
Last 30 min  |  Score: 100
277 Gold Street, Apt 11B
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,300
|
1 Bed
|
1 Bath
By Andy T
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No Fee
Video Tour
No Fee
Video Tour
3 Bedrooms, Cobble Hill Rental in NYC for $3,979 - Photo 1 3 Bedrooms, Cobble Hill Rental in NYC for $3,979 - Photo 2
2 hours ago  |  Score: 100
280 Court Street, Apt 3
Cobble Hill, South Brooklyn, Brooklyn
$3,979
|
3 Bed
|
1 Bath
By Shabir Ahmad, Cobble Hill Expert
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No Fee
Video Tour
No Fee
Video Tour
3 Bedrooms, Gowanus Rental in NYC for $2,750 - Photo 1 3 Bedrooms, Gowanus Rental in NYC for $2,750 - Photo 2
2 hours ago  |  Score: 100
149 Prospect Avenue, Apt 1
Gowanus, South Brooklyn, Brooklyn
$2,750
|
3 Bed
|
1 Bath
By Shabir Ahmad
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No Fee
Video Tour
No Fee
Video Tour
1 Bedroom, Yorkville Rental in NYC for $1,800 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $1,800 - Photo 2
Last 30 min  |  Score: 100
East 89th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,800
|
1 Bed
|
1 Bath
By Natalia Belli, Upper East Side Expert
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No Fee
Video Tour
No Fee
Video Tour
3 Bedrooms, Tribeca Rental in NYC for $5,580 - Photo 1 3 Bedrooms, Tribeca Rental in NYC for $5,580 - Photo 2
Last hour  |  Score: 100
Greenwich str
Tribeca, Downtown Manhattan, Manhattan
$5,580
|
3 Bed / Flex 4
|
2 Bath
By Olga Bilukhta, Tribeca Expert
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No Fee
Video Tour
No Fee
Video Tour
2 Bedrooms, Tribeca Rental in NYC for $4,560 - Photo 1 2 Bedrooms, Tribeca Rental in NYC for $4,560 - Photo 2
Last hour  |  Score: 100
. Greenwich str.
Tribeca, Downtown Manhattan, Manhattan
$4,560
|
2 Bed / Flex 3
|
1 Bath
By Olga Bilukhta, Tribeca Expert
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No Fee
Video Tour
No Fee
1 Bedroom, Lincoln Square Rental in NYC for $2,795 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $2,795 - Photo 2
Last 30 min  |  Score: 100
55 West 70th Street, Apt APT 1...
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,795
|
1 Bed
|
1 Bath
By ali tafeen
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No Fee
No Fee
Video Tour
1 Bedroom, Long Island City Rental in NYC for $3,370 - Photo 1
Last 30 min  |  Score: 100
44-28 Purves Street, Apt 12C
Long Island City, Northwestern Queens, Queens
$3,370
|
1 Bed
|
1 Bath
By Daniel Laflamme
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No Fee
Video Tour
No Fee
Video Tour
1 Bedroom, Financial District Rental in NYC for $2,585 - Photo 1 1 Bedroom, Financial District Rental in NYC for $2,585 - Photo 2
Last hour  |  Score: 100
21 South William Street, Apt 3...
Financial District, Downtown Manhattan, Manhattan
$2,585
|
1 Bed
|
1 Bath
By Sui
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No Fee
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« Back Page 1 / 1062 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.

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