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No Fee Apartments for Rent

Home  »  New York, NY  »  No Fee Apartments
20,122 Results
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2 Bedrooms, Astoria Rental in NYC for $1,999 - Photo 1
Score: 96.7
23-64 38th Street, Apt 2A
Astoria, Northwestern Queens, Queens
$1,999
|
2 Bed / Flex 3
|
1 Bath
By Johanna Vasiliadis
Featured
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1 Bedroom, Manhattan Valley Rental in NYC for $3,805 - Photo 1
1 hour ago  |  Score: 100
808 Columbus Avenue, Apt 06F
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$3,805
|
1 Bed
|
1 Bath
By Columbus Square
Featured
No Fee
By Owner
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2 Bedrooms, Manhattan Valley Rental in NYC for $6,312 - Photo 1
1 hour ago  |  Score: 100
808 Columbus Ave, Apt 24H
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$6,312
|
2 Bed
|
2 Bath
By Columbus Square
Featured
No Fee
By Owner
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Studio, Hell's Kitchen Rental in NYC for $1,795 - Photo 1
2 hours ago  |  Score: 100
524 West 50th Street, Apt 2B
Hell's Kitchen, Midtown Manhattan, Manhattan
$1,795
|
Studio
|
1 Bath
By Robert A. Brooks, Hell's Kitchen Expert
Featured
No Fee
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Studio, Upper West Side Rental in NYC for $1,800 - Photo 1
Last 30 min  |  Score: 100
241 West 100th Street, Apt 2F
Upper West Side, Upper Manhattan, Manhattan
$1,800
|
Studio
|
1 Bath
By Elisa Solomon
No Fee
By Owner
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4 Bedrooms, Astoria Rental in NYC for $3,300 - Photo 1
Last hour  |  Score: 100
33-20 23rd Street, Apt ENTIRE ...
Astoria, Northwestern Queens, Queens
$3,300
|
4 Bed
|
2 Bath
By Simon Lou
No Fee
By Owner
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Studio, Financial District Rental in NYC for $2,655 - Photo 1
2 hours ago  |  Score: 100
95 Wall Street, Apt 605
Financial District, Downtown Manhattan, Manhattan
$2,655
|
Studio
|
1 Bath
By 95 Wall
Featured
No Fee
By Owner
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2 Bedrooms, Yorkville Rental in NYC for $4,995 - Photo 1
3 hours ago  |  Score: 100
310 East 81 Street, Apt 2
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$4,995
|
2 Bed
|
2 Bath
By Robert A. Brooks, Upper East Side Expert
Featured
No Fee
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2 Bedrooms, The Waterfront Rental in NYC for $3,272 - Photo 1
1 hour ago  |  Score: 100
131 Dudley St., Apt LIBERTY VI...
The Waterfront, Hudson
$3,272
|
2 Bed
|
2 Bath
By Equity Residential
Featured
No Fee
By Owner
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1 Bedroom, East Williamsburg Rental in NYC for $2,800 - Photo 1
1 hour ago  |  Score: 100
500 Metropolitan Avenue, Apt 1...
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$2,800
|
1 Bed
|
1 Bath
By Doorkee
Featured
No Fee
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2 Bedrooms, Astoria Rental in NYC for $2,100 - Photo 1
2 hours ago  |  Score: 100
30-59 Crescent Street, Apt 2R
Astoria, Northwestern Queens, Queens
$2,100
|
2 Bed
|
1 Bath
By Don Abbott, Astoria Expert
Featured
No Fee
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3 Bedrooms, Financial District Rental in NYC for $4,900 - Photo 1
1 hour ago  |  Score: 100
True 3br 1850 sqft Great apart...
Financial District, Downtown Manhattan, Manhattan
$4,900
|
3 Bed
|
2 Bath
By Robert Barry, Financial District Expert
Featured
No Fee
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2 Bedrooms, Flatbush Rental in NYC for $1,800 - Photo 1
Last 30 min  |  Score: 100
2150 Bedford Avenue, Apt D3
Flatbush, Central Brooklyn, Brooklyn
$1,800
|
2 Bed
|
1 Bath
By Mark Fraser
No Fee
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Studio, Financial District Rental in NYC for $1,680 - Photo 1
1 hour ago  |  Score: 100
Chic Studio
Financial District, Downtown Manhattan, Manhattan
$1,680
|
Studio
|
1 Bath
By Robert Barry, Financial District Expert
Featured
No Fee
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Studio, Manhattanville Rental in NYC for $1,579 - Photo 1
1 hour ago  |  Score: 100
Broadway
Manhattanville, West Harlem, Upper Manhattan, Manhattan
$1,579
|
Studio
|
1 Bath
By Don Carlos
Featured
No Fee
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2 Bedrooms, Financial District Rental in NYC for $6,400 - Photo 1
Last hour  |  Score: 100
1 West Street, Apt 2503
Financial District, Downtown Manhattan, Manhattan
$6,400
|
2 Bed / Flex 3
|
2 Bath
By Myf Parratt
No Fee
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3 Bedrooms, Astoria Rental in NYC for $2,700 - Photo 1
Last 30 min  |  Score: 100
21-21 33rd Road, Apt ENTIRE 3R...
Astoria, Northwestern Queens, Queens
$2,700
|
3 Bed
|
1 Bath
By Simon Lou
No Fee
By Owner
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Studio, Greenwich Village Rental in NYC for $2,400 - Photo 1
4 hours ago  |  Score: 100
88 Bleecker Street, Apt 6A
Greenwich Village, Downtown Manhattan, Manhattan
$2,400
|
Studio
|
1 Bath
By Suzanne Goldklang
Featured
No Fee
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2 Bedrooms, Astoria Rental in NYC for $2,300 - Photo 1
2 hours ago  |  Score: 100
30-86 36th Street, Apt 2R
Astoria, Northwestern Queens, Queens
$2,300
|
2 Bed
|
1 Bath
By Don Abbott, Astoria Expert
Featured
No Fee
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1 Bedroom, Tribeca Rental in NYC for $3,164 - Photo 1
1 hour ago  |  Score: 100
Barclay Street
Tribeca, Downtown Manhattan, Manhattan
$3,164
|
1 Bed
|
1 Bath
By Judy Goldschmidt, Tribeca Expert
Featured
No Fee
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1 Bedroom, Murray Hill Rental in NYC for $2,525 - Photo 1
5 hours ago  |  Score: 100
3 West 36th Street, Apt 8B
Murray Hill, Midtown Manhattan, Manhattan
$2,525
|
1 Bed
|
1 Bath
By Viktoryia Shymchonak
Featured
No Fee
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2 Bedrooms, Astoria Rental in NYC for $2,300 - Photo 1
Score: 96.0
36 Steinway Street, Apt 1S
Astoria, Northwestern Queens, Queens
$2,300
|
2 Bed
|
1 Bath
By Johanna Vasiliadis
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« Back Page 1 / 1007 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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