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No Fee Apartments for Rent

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1 Bedroom, Hell's Kitchen Rental in NYC for $3,295 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,295 - Photo 2
Last 30 min
697 Tenth Avenue, Apt 5RS
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,295 1 Bed 1 Bath
Armando Sandoval, Hell's Kitchen Expert
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No Fee
  Laundry in Unit
1 Bedroom, Battery Park City Rental in NYC for $3,800 - Photo 1 1 Bedroom, Battery Park City Rental in NYC for $3,800 - Photo 2
Last 30 min
Battery Place
Battery Park City, Downtown Manhattan, Manhattan
$3,800 1 Bed 1 Bath
Adel Ghweinem, Battery Park City Expert
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No Fee
  Doorman · Elevator
4 Bedrooms, Hell's Kitchen Rental in NYC for $6,195 - Photo 1 4 Bedrooms, Hell's Kitchen Rental in NYC for $6,195 - Photo 2
Last 30 min
46th and 9th
Hell's Kitchen, Midtown Manhattan, Manhattan
$6,195 4 Bed 2 Bath
Armando Sandoval, Hell's Kitchen Expert
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No Fee
  Laundry in Unit
Studio, East Village Rental in NYC for $2,750 - Photo 1 Studio, East Village Rental in NYC for $2,750 - Photo 2
1 hour ago
166 Second Avenue, Apt 5H
East Village, Downtown Manhattan, Manhattan
$2,750 Studio 1 Bath
By Sandra Dor
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No Fee
 
Exclusive
  Doorman · Elevator
2 Bedrooms, Gramercy Park Rental in NYC for $3,500 - Photo 1 2 Bedrooms, Gramercy Park Rental in NYC for $3,500 - Photo 2
Last 30 min
E 16st
Gramercy Park, Midtown Manhattan, Manhattan
$3,500 2 Bed 1 Bath
Marin Daskalov, Gramercy Park Expert
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No Fee
  800 ft² · Doorman · Elevator
Studio, Turtle Bay Rental in NYC for $4,245 - Photo 1 Studio, Turtle Bay Rental in NYC for $4,245 - Photo 2
1 hour ago
222 East 44th Street, Apt 40CY...
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$4,245 Studio / Flex 1 1 Bath
David Gelfenbeyn, Midtown East Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
Studio, Hell's Kitchen Rental in NYC for $3,161 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $3,161 - Photo 2
1 hour ago
605 West 42nd Street, Apt 35K
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,161 Studio 1 Bath
David Gelfenbeyn, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Chelsea Rental in NYC for $4,330 - Photo 1 1 Bedroom, Chelsea Rental in NYC for $4,330 - Photo 2
1 hour ago
100 West 31st Street, Apt 16G
Chelsea, Midtown Manhattan, Manhattan
$4,330 1 Bed 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
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By Owner
  Doorman · Elevator · Laundry in Unit
Studio, Chelsea Rental in NYC for $3,930 - Photo 1 Studio, Chelsea Rental in NYC for $3,930 - Photo 2
1 hour ago
100 West 31st Street, Apt 35E
Chelsea, Midtown Manhattan, Manhattan
$3,930 Studio 1 Bath
Alena Zolotaiko, Chelsea Expert
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No Fee
 
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By Owner
  Doorman · Elevator
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,900 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $4,900 - Photo 2
2 hours ago
410 West 53rd Street, Apt 607
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,900 2 Bed / Flex 3 2 Bath
Yigal Krim, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, Kips Bay Rental in NYC for $3,400 - Photo 1 1 Bedroom, Kips Bay Rental in NYC for $3,400 - Photo 2
Last hour
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$3,400 1 Bed / Flex 2 1 Bath
Larry Mackler, Kips Bay Expert
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No Fee
  Doorman · Elevator
2 Bedrooms, Glendale Rental in NYC for $1,900 - Photo 1 2 Bedrooms, Glendale Rental in NYC for $1,900 - Photo 2
Last 30 min
77-38 79th Pl, Apt 1ST FLOOR
Glendale, Northwestern Queens, Queens
$1,900 2 Bed 1 Bath
By Paul
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No Fee
 
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By Owner
  1,100 ft²
Studio, Downtown Brooklyn Rental in NYC for $2,443 - Photo 1 Studio, Downtown Brooklyn Rental in NYC for $2,443 - Photo 2
1 hour ago
237 Duffield Street, Apt 20D
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$2,443 Studio 1 Bath
By David
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No Fee
 
Exclusive
  Elevator
Studio, Kips Bay Rental in NYC for $2,350 - Photo 1 Studio, Kips Bay Rental in NYC for $2,350 - Photo 2
Last hour
East 20's
Kips Bay, Midtown Manhattan, Manhattan
$2,350 Studio 1 Bath
Larry Mackler, Kips Bay Expert
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No Fee
  500 ft² · Doorman · Elevator · Pre-War · Hardwood Floors
1 Bedroom, Downtown Brooklyn Rental in NYC for $3,000 - Photo 1 1 Bedroom, Downtown Brooklyn Rental in NYC for $3,000 - Photo 2
1 hour ago
237 Duffiled Street, Apt 14B
Downtown Brooklyn, Northwestern Brooklyn, Brooklyn
$3,000 1 Bed 1 Bath
By David
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No Fee
 
Exclusive
  Elevator
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 hour
West 68th St. and Broadway
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,795 1 Bed 1 Bath
By John Dugan
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No Fee
  Elevator
3 Bedrooms, SoHo Rental in NYC for $14,800 - Photo 1 3 Bedrooms, SoHo Rental in NYC for $14,800 - Photo 2
3 hours ago
452 Broome Street, Apt 2
SoHo, Downtown Manhattan, Manhattan
$14,800 3 Bed 3 Bath
By Charles Munroe
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No Fee
  2,015 ft² · Elevator · Laundry in Unit
2 Bedrooms, Greenpoint Rental in NYC for $5,416 - Photo 1 2 Bedrooms, Greenpoint Rental in NYC for $5,416 - Photo 2
1 hour ago
India St.
Greenpoint, Northern Brooklyn, Brooklyn
$5,416 2 Bed 2 Bath
By Effi Amouris
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No Fee
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Hell's Kitchen Rental in NYC for $2,555 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $2,555 - Photo 2
1 hour ago
W 53rd St
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,555 1 Bed 1 Bath
Jay Batra, Hell's Kitchen Expert
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No Fee
  Laundry in Unit
2 Bedrooms, Theater District Rental in NYC for $4,900 - Photo 1 2 Bedrooms, Theater District Rental in NYC for $4,900 - Photo 2
Last 30 min
888 8 Ave
Theater District, Midtown Manhattan, Manhattan
$4,900 2 Bed 2 Bath
By Said Bennani
Check Availability
No Fee
  Doorman · Elevator
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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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