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No Fee Apartments for Rent

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2 Bedrooms, East Village Rental in NYC for $3,100 - Photo 1 2 Bedrooms, East Village Rental in NYC for $3,100 - Photo 2
Last 30 min
218 East 6th Street, Apt 4
East Village, Downtown Manhattan, Manhattan
$3,100 2 Bed / Flex 3 1 Bath
Joseph Covington, East Village Expert
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No Fee
 
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1 Bedroom, East Village Rental in NYC for $2,650 - Photo 1 1 Bedroom, East Village Rental in NYC for $2,650 - Photo 2
Last hour
31 St Marks Place, Apt 10
East Village, Downtown Manhattan, Manhattan
$2,650 1 Bed 1 Bath
By Judy Goldschmidt
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2 Bedrooms, East Village Rental in NYC for $2,600 - Photo 1 2 Bedrooms, East Village Rental in NYC for $2,600 - Photo 2
Last 30 min
218 East 6th Street, Apt PH 20...
East Village, Downtown Manhattan, Manhattan
$2,600 2 Bed 1 Bath
Joseph Covington, East Village Expert
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No Fee
 
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  Hardwood Floors
1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,362 - Photo 1 1 Bedroom, Bedford-Stuyvesant Rental in NYC for $2,362 - Photo 2
Last hour
180 Bainbridge Street, Apt 110...
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,362 1 Bed 1 Bath
David Quigua, Bedford-Stuyvesant Expert
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  Doorman · Elevator
1 Bedroom, Long Island City Rental in NYC for $2,765 - Photo 1 1 Bedroom, Long Island City Rental in NYC for $2,765 - Photo 2
Last hour
41-21 28th Street, Apt 2F
Long Island City, Northwestern Queens, Queens
$2,765 1 Bed / Flex 2 1 Bath
By David Quigua
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  700 ft² · Doorman · Elevator · Laundry in Unit
1 Bedroom, Hell's Kitchen Rental in NYC for $2,833 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $2,833 - Photo 2
1 hour ago
350 West 50th Street, Apt 14C
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,833 1 Bed / Flex 2 1 Bath
Sreeram Mallikarjun, Hell's Kitchen Expert
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2 Bedrooms, Two Bridges Rental in NYC for $5,954 - Photo 1 2 Bedrooms, Two Bridges Rental in NYC for $5,954 - Photo 2
1 hour ago
252 South Street, Apt PHB
Two Bridges, Downtown Manhattan, Manhattan
$5,954 2 Bed 2 Bath
By Martina Dechevska
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No Fee
 
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  1,100 ft² · Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Upper East Side Rental in NYC for $2,150 - Photo 1 1 Bedroom, Upper East Side Rental in NYC for $2,150 - Photo 2
1 hour ago
401 East 68th Street, Apt 4E
Upper East Side, Upper Manhattan, Manhattan
$2,150 1 Bed 1 Bath
By Josh Eisenstein
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No Fee
 
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  600 ft² · Elevator · Pre-War · Hardwood Floors
Studio, Hell's Kitchen Rental in NYC for $2,550 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,550 - Photo 2
Last hour
West 42nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,550 Studio / Flex 1 1 Bath
By Jamie Fields
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No Fee
  Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
3 Bedrooms, Yorkville Rental in NYC for $7,625 - Photo 1 3 Bedrooms, Yorkville Rental in NYC for $7,625 - Photo 2
Last hour
E 79th St.
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$7,625 3 Bed 2 Bath
Lydia Pappas, Upper East Side Expert
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No Fee
  1,340 ft² · Doorman · Elevator · Laundry in Unit · Pre-War
2 Bedrooms, Bushwick Rental in NYC for $2,550 - Photo 1 2 Bedrooms, Bushwick Rental in NYC for $2,550 - Photo 2
Last 30 min
117 Wilson Avenue, Apt 3R
Bushwick, Northern Brooklyn, Brooklyn
$2,550 2 Bed / Flex 3 1 Bath
By Devin Martin
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No Fee
 
3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,745 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,745 - Photo 2
1 hour ago
1050 Lafayette Avenue, Apt #16...
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,745 3 Bed 1 Bath
Tony G, Bedford-Stuyvesant Expert
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  700 ft² · Laundry in Unit
Studio, Financial District Rental in NYC for $3,996 - Photo 1 Studio, Financial District Rental in NYC for $3,996 - Photo 2
1 hour ago
Wall Street
Financial District, Downtown Manhattan, Manhattan
$3,996 Studio / Flex 2 1 Bath
By Joseph Lee
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  Doorman · Elevator
1 Bedroom, Upper West Side Rental in NYC for $2,625 - Photo 1 1 Bedroom, Upper West Side Rental in NYC for $2,625 - Photo 2
2 hours ago
52 West 91st Street, Apt 5
Upper West Side, Upper Manhattan, Manhattan
$2,625 1 Bed 1 Bath
By Coco Mindreau
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No Fee
 
4 Bedrooms, Turtle Bay Rental in NYC for $6,427 - Photo 1 4 Bedrooms, Turtle Bay Rental in NYC for $6,427 - Photo 2
Last hour
E 47th St.
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$6,427 4 Bed / Flex 5 3 Bath
Lydia Pappas, Midtown East Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
2 Bedrooms, Yorkville Rental in NYC for $2,750 - Photo 1 2 Bedrooms, Yorkville Rental in NYC for $2,750 - Photo 2
2 hours ago
1662 1st Avenue, Apt 4S
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,750 2 Bed 1 Bath
By Coco Mindreau
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No Fee
 
Studio, Financial District Rental in NYC for $2,458 - Photo 1 Studio, Financial District Rental in NYC for $2,458 - Photo 2
1 hour ago
Water Street
Financial District, Downtown Manhattan, Manhattan
$2,458 Studio / Flex 1 1 Bath
By Joseph Lee
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No Fee
 
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  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Rose Hill Rental in NYC for $2,791 - Photo 1 2 Bedrooms, Rose Hill Rental in NYC for $2,791 - Photo 2
2 hours ago
129 Lexington Avenue, Apt 6
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$2,791 2 Bed 1 Bath
By Suzanne Goldklang
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No Fee
 
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1 Bedroom, Central Harlem Rental in NYC for $2,095 - Photo 1 1 Bedroom, Central Harlem Rental in NYC for $2,095 - Photo 2
Last hour
Lenox Ave.
Central Harlem, Upper Manhattan, Manhattan
$2,095 1 Bed 1 Bath
Asher Jacob Ben-Or, Central Harlem Expert
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No Fee
  Elevator
2 Bedrooms, Washington Heights Rental in NYC for $2,295 - Photo 1 2 Bedrooms, Washington Heights Rental in NYC for $2,295 - Photo 2
2 hours ago
571 West 159th Street, Apt 9
Washington Heights, Upper Manhattan, Manhattan
$2,295 2 Bed 1 Bath
Oscarli Diaz, Washington Heights Expert
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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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