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No Fee Apartments for Rent

Home  »  New York, NY  »  No Fee Apartments
20,060 Results
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2 Bedrooms, Hell's Kitchen Rental in NYC for $3,900 - Photo 1
 |  Score: 100
West 57th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,900
|
2 Bed
|
2 Bath
By Baris Tokac
Featured
No Fee
Check Availability
Studio, Koreatown Rental in NYC for $2,295 - Photo 1
Last 30 min  |  Score: 100
42 West 33rd Street, Apt 11B
Koreatown, Midtown Manhattan, Manhattan
$2,295
|
Studio
|
1 Bath
By Ely Levy
Featured
No Fee
Video Tour
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Studio, East Harlem Rental in NYC for $1,477 - Photo 1
Last 30 min  |  Score: 100
201 East 104th Street, Apt 4B
East Harlem, Upper Manhattan, Manhattan
$1,477
|
Studio
|
1 Bath
By Tomer Meir
Featured
No Fee
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2 Bedrooms, West Village Rental in NYC for $10,000 - Photo 1
Last hour  |  Score: 100
1 Patchin Place, Apt DUPLEX
West Village, Downtown Manhattan, Manhattan
$10,000
|
2 Bed / Flex 3
|
1.5 Bath
By Marc Toro
Featured
No Fee
Video Tour
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1 Bedroom, Yorkville Rental in NYC for $2,496 - Photo 1
Last 30 min  |  Score: 100
1675 York Avenue, Apt 5F
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,496
|
1 Bed
|
1 Bath
By David Gelfenbeyn
Featured
No Fee
Video Tour
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Studio, Downtown Brooklyn Rental in NYC for $2,750 - Photo 1
Last 30 min  |  Score: 100
333 Schermerhorn Street, Apt 3...
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,750
|
Studio
|
1 Bath
By Marc Toro, Downtown Brooklyn Expert
Featured
No Fee
Video Tour
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1 Bedroom, Upper East Side Rental in NYC for $2,579 - Photo 1
Last 30 min  |  Score: 100
500 East 77th Street, Apt 1538...
Upper East Side, Upper Manhattan, Manhattan
$2,579
|
1 Bed
|
1 Bath
By David Gelfenbeyn
Featured
No Fee
Video Tour
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3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,200 - Photo 1
Last 30 min  |  Score: 100
448 Hancock Street, Apt 3
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,200
|
3 Bed
|
1 Bath
By Barrett Williams
Featured
No Fee
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2 Bedrooms, Alphabet City Rental in NYC for $2,000 - Photo 1
Last 30 min  |  Score: 100
753 East 6th Street
Alphabet City, East Village, Downtown Manhattan, Manhattan
$2,000
|
2 Bed
|
1 Bath
By AB Landlord
Featured
No Fee
By Owner
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Studio, Murray Hill Rental in NYC for $1,900 - Photo 1
Last 30 min  |  Score: 100
E 40th St
Murray Hill, Midtown Manhattan, Manhattan
$1,900
|
Studio / Flex 1
|
1 Bath
By Jason Polanco, Murray Hill Expert
Featured
No Fee
Video Tour
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1 Bedroom, Yorkville Rental in NYC for $2,400 - Photo 1
Last 30 min  |  Score: 100
East 95th Street
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,400
|
1 Bed / Flex 2
|
1 Bath
By Tomer Meir
Featured
No Fee
Check Availability
1 Bedroom, Gramercy Park Rental in NYC for $2,000 - Photo 1
1 hour ago  |  Score: 100
151 East 20th Street, Apt 2E
Gramercy Park, Midtown Manhattan, Manhattan
$2,000
|
1 Bed
|
1 Bath
By Lior Ben-David
Featured
No Fee
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1 Bedroom, Hell's Kitchen Rental in NYC for $4,607 - Photo 1
1 hour ago  |  Score: 100
555 10th Avenue, Apt 46F
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,607
|
1 Bed
|
1 Bath
By Doorkee
Featured
No Fee
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1 Bedroom, Hunters Point Rental in NYC for $2,550 - Photo 1
Last 30 min  |  Score: 100
Center Boulevard
Hunters Point, Long Island City, Northwestern Queens, Queens
$2,550
|
1 Bed
|
1 Bath
By Baris Tokac, Long Island City Expert
Featured
No Fee
Check Availability
Studio, Inwood Rental in NYC for $1,795 - Photo 1
1 hour ago  |  Score: 100
560 West 218th Street, Apt 1D
Inwood, Upper Manhattan, Manhattan
$1,795
|
Studio
|
1 Bath
By Annie Hawkins, Inwood Expert
Featured
No Fee
Video Tour
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1 Bedroom, Inwood Rental in NYC for $2,300 - Photo 1
1 hour ago  |  Score: 100
600 West 218th Street, Apt 2P
Inwood, Upper Manhattan, Manhattan
$2,300
|
1 Bed
|
1 Bath
By Annie Hawkins, Inwood Expert
Featured
No Fee
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2 Bedrooms, Hell's Kitchen Rental in NYC for $4,395 - Photo 1
Last 30 min  |  Score: 100
West 37th
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,395
|
2 Bed / Flex 3
|
1 Bath
By Alexander Dimitrov
Featured
No Fee
Check Availability
Studio, Central Harlem Rental in NYC for $2,095 - Photo 1
Last 30 min  |  Score: 100
118 West 132nd Street, Apt 6
Central Harlem, Upper Manhattan, Manhattan
$2,095
|
Studio
|
1 Bath
By William C Parker III
No Fee
Check Availability
1 Bedroom, Lincoln Square Rental in NYC for $4,000 - Photo 1
Last 30 min  |  Score: 100
West 64th Street & Broadway
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$4,000
|
1 Bed / Flex 2
|
1.5 Bath
By Alexander Dimitrov
Featured
No Fee
Check Availability
3 Bedrooms, Roosevelt Island Rental in NYC for $5,550 - Photo 1
1 hour ago  |  Score: 100
405 Main Street, Apt 14E
Roosevelt Island, Manhattan
$5,550
|
3 Bed
|
3 Bath
By Devin Graham, Roosevelt Island Expert
Featured
No Fee
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2 Bedrooms, Crown Heights Rental in NYC for $3,800 - Photo 1
1 hour ago  |  Score: 100
1511 Bedford Avenue, Apt 6I
Crown Heights, Central Brooklyn, Brooklyn
$3,800
|
2 Bed
|
2 Bath
By Kim Cheslow, Crown Heights Expert
Featured
No Fee
By Owner
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2 Bedrooms, Hell's Kitchen Rental in NYC for $4,150 - Photo 1
 |  Score: 100
West 37th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,150
|
2 Bed
|
2 Bath
By Baris Tokac
Featured
No Fee
Check Availability
« Back Page 1 / 1003 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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