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No Fee Apartments for Rent

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Fri, Mar 22 8:00am - 10:00pm
$2,700
2BR at 349 Amsterdam Avenue
Fri, Mar 22 8:00am - 9:30pm
$2,000
Studio at 349 Amsterdam Avenue
Fri, Mar 22 9:30am - 9:00pm
$3,895
1BR at 801 Amsterdam Avenue
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4 mins  |  Score: 100
14 st and 4 ave
Greenwich Village, Downtown Manhattan, Manhattan
$3,390 Studio 1 Bath
By Eleonora (Elle) Nikolova
Check Availability
No Fee
  522 ft² · Doorman · Elevator
10 mins  |  Score: 100
185 South 4th Street, Apt 4D
Williamsburg, Northern Brooklyn, Brooklyn
$2,500 Studio 1 Bath
Joseph DiPiazza, Williamsburg Expert
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No Fee
 
Exclusive
  Doorman · Elevator
56 mins  |  Score: 100
E14th Street
East Village, Downtown Manhattan, Manhattan
$4,500 3 Bed 1 Bath
James Mercure, East Village Expert
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No Fee
  1,000 ft² · Doorman · Elevator
1 hour  |  Score: 100
908 Bushwick Ave, Apt 3F3F
Bushwick, Northern Brooklyn, Brooklyn
$3,000 3 Bed 1.5 Bath
By Jesse Manning
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No Fee
 
Exclusive
 
4 hours  |  Score: 100
33-53 82nd St, Apt 1
Jackson Heights, Northwestern Queens, Queens
$3,138 4 Bed 2 Bath
By Diana Babayeva
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No Fee
 
Exclusive
  Hardwood Floors
1 hour  |  Score: 100
E 79th St
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$8,000 3 Bed 2 Bath
By Lashara Pratt
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No Fee
  Elevator · Hardwood Floors
2 hours  |  Score: 100
375 South End Avenue, Apt 4T
Battery Park City, Downtown Manhattan, Manhattan
$3,915 1 Bed 1 Bath
By Gateway Battery Park City
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No Fee
 
By Owner
  802 ft²
1 hour  |  Score: 100
Blue Slip
Greenpoint, Northern Brooklyn, Brooklyn
$2,900 Studio 1 Bath
By Laverne Goulbourne
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No Fee
  Doorman · Elevator · Laundry in Unit · Loft · Hardwood Floors
2 hours  |  Score: 100
15 Cliff Street, Apt 05D
Financial District, Downtown Manhattan, Manhattan
$3,725 1 Bed 1 Bath
By Alex Yoel
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No Fee
 
Exclusive
  Doorman · Elevator
1 hour  |  Score: 100
574 W 176th St, Apt 55
Washington Heights, Upper Manhattan, Manhattan
$2,414 3 Bed 1 Bath
By Kat Sanchez
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No Fee
 
Exclusive
  Hardwood Floors
2 hours  |  Score: 100
5th Ave
East Harlem, Upper Manhattan, Manhattan
$3,250 2 Bed 1 Bath
By Dominique Seagears
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No Fee
  Doorman · Elevator · Hardwood Floors
2 hours  |  Score: 100
E 13th St
East Village, Downtown Manhattan, Manhattan
$5,196 3 Bed 1 Bath
By Andrew Meoli
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No Fee
  Hardwood Floors
19 mins  |  Score: 100
184 Lexington Avenue, Apt 3B
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$3,700 2 Bed 1 Bath
By Luis Estevez
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No Fee
 
Exclusive
  750 ft² · Doorman · Elevator · Hardwood Floors
1 hour  |  Score: 100
5th Avenue
East Harlem, Upper Manhattan, Manhattan
$2,750 1 Bed 1 Bath
By Michele Fox
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No Fee
  Doorman · Elevator · Hardwood Floors
8 hours  |  Score: 100
349 Amsterdam Avenue, Apt 2R
Upper West Side, Upper Manhattan, Manhattan
$2,700 2 Bed 1 Bath
By Orail White
Open House:  Fri, Mar 22, 8:00am - 10:00pm
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No Fee
 
Exclusive
 
1 hour  |  Score: 100
Rutgers Street
Two Bridges, Downtown Manhattan, Manhattan
$3,850 1 Bed 1 Bath
By Lyndsey Casagrande
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No Fee
  Doorman · Elevator · Laundry in Unit · Pre-War · Hardwood Floors
2 hours  |  Score: 100
Suffolk Street
Lower East Side, Downtown Manhattan, Manhattan
$4,195 2 Bed 1 Bath
By John Carey
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No Fee
  Elevator · Laundry in Unit
1 hour  |  Score: 100
707 Myrtle Avenue, Apt 1
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,999 3 Bed 2 Bath
Hiro Matsui, Bedford-Stuyvesant Expert
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No Fee
 
Exclusive
  980 ft² · Pre-War
7 hours  |  Score: 100
50 West 34th St
Koreatown, Midtown Manhattan, Manhattan
$2,850 Studio 1 Bath
By Tina Borges-Druth
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No Fee
 
Exclusive
  Doorman · Elevator · Pre-War
1 hour  |  Score: 100
West 71st Street
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$3,450 1 Bed 1 Bath
Zeev Halfi, Upper West Side Expert
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No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
« Back   |   Page     of 2198 (43,947 Rentals) Page 1 of 2198   |   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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