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No Fee Apartments for Rent

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Studio, Yorkville Rental in NYC for $1,800 - Photo 1 Studio, Yorkville Rental in NYC for $1,800 - Photo 2
1 hour ago
333 East 85th Street, Apt 4C
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$1,800 Studio 1 Bath
By Yael Avi David
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No Fee
 
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Studio, Murray Hill Rental in NYC for $2,950 - Photo 1 Studio, Murray Hill Rental in NYC for $2,950 - Photo 2
Last hour
149 East 39 St, Apt #6
Murray Hill, Midtown Manhattan, Manhattan
$2,950 Studio 1 Bath
By Jimmy Daci
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No Fee
 
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  550 ft² · Doorman · Elevator · Furnished
1 Bedroom, Murray Hill Rental in NYC for $3,300 - Photo 1 1 Bedroom, Murray Hill Rental in NYC for $3,300 - Photo 2
Last hour
149 East 39 St, Apt 7
Murray Hill, Midtown Manhattan, Manhattan
$3,300 1 Bed 1 Bath
By Jimmy Daci
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No Fee
 
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  775 ft² · Doorman · Elevator · Furnished
1 Bedroom, Rose Hill Rental in NYC for $3,825 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $3,825 - Photo 2
1 hour ago
222 East 34th Street, Apt 818
Rose Hill, Kips Bay, Midtown Manhattan, Manhattan
$3,825 1 Bed 1 Bath
By David Gelfenbeyn
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No Fee
 
Live Video Tour
  Doorman · Elevator
1 Bedroom, Lincoln Square Rental in NYC for $3,346 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $3,346 - Photo 2
1 hour ago
45 West 60th Street, Apt 4G
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$3,346 1 Bed 1 Bath
By Ethan James Scherrer
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No Fee
 
Live Video Tour
  Doorman · Elevator
3 Bedrooms, Williamsburg Rental in NYC for $3,300 - Photo 1 3 Bedrooms, Williamsburg Rental in NYC for $3,300 - Photo 2
1 hour ago
685 Lorimer Street, Apt 2L
Williamsburg, Northern Brooklyn, Brooklyn
$3,300 3 Bed 1 Bath
By Miranda Feamster
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No Fee
 
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1 Bedroom, East Village Rental in NYC for $4,995 - Photo 1 1 Bedroom, East Village Rental in NYC for $4,995 - Photo 2
Last 30 min
416 East 11th Street, Apt 2A
East Village, Downtown Manhattan, Manhattan
$4,995 1 Bed 1 Bath
Austin Rudd, East Village Expert
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No Fee
 
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  900 ft² · Elevator · Laundry in Unit · Furnished
Studio, Hell's Kitchen Rental in NYC for $2,450 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,450 - Photo 2
Last hour
West 43rd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,450 Studio / Flex 1 1 Bath
Adi Evron, Hell's Kitchen Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
Studio, Lower East Side Rental in NYC for $2,050 - Photo 1 Studio, Lower East Side Rental in NYC for $2,050 - Photo 2
Last 30 min
146 Orchard Street, Apt 4C
Lower East Side, Downtown Manhattan, Manhattan
$2,050 Studio 1 Bath
By Austin Rudd
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No Fee
 
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  600 ft² · Elevator
3 Bedrooms, East Village Rental in NYC for $4,495 - Photo 1 3 Bedrooms, East Village Rental in NYC for $4,495 - Photo 2
Last hour
First ave
East Village, Downtown Manhattan, Manhattan
$4,495 3 Bed 1 Bath
By Eleonora (Elle) Nikolova
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No Fee
 
1 Bedroom, West Village Rental in NYC for $2,800 - Photo 1 1 Bedroom, West Village Rental in NYC for $2,800 - Photo 2
2 hours ago
731 Greenwich Street, Apt J31
West Village, Downtown Manhattan, Manhattan
$2,800 1 Bed 1 Bath
By Michael Chadwick
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No Fee
  650 ft² · Pre-War
1 Bedroom, Alphabet City Rental in NYC for $2,746 - Photo 1 1 Bedroom, Alphabet City Rental in NYC for $2,746 - Photo 2
Last 30 min
521 East 5th Street, Apt 2C
Alphabet City, East Village, Downtown Manhattan, Manhattan
$2,746 1 Bed 1 Bath
By Mamta Kaji
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No Fee
  Laundry in Unit
2 Bedrooms, East Village Rental in NYC for $3,400 - Photo 1 2 Bedrooms, East Village Rental in NYC for $3,400 - Photo 2
Last hour
First ave
East Village, Downtown Manhattan, Manhattan
$3,400 2 Bed 1 Bath
By Eleonora (Elle) Nikolova
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No Fee
  750 ft²
3 Bedrooms, Murray Hill Rental in NYC for $4,750 - Photo 1 3 Bedrooms, Murray Hill Rental in NYC for $4,750 - Photo 2
Last hour
East 34th Street
Murray Hill, Midtown Manhattan, Manhattan
$4,750 3 Bed / Flex 4 2 Bath
Carole Attlan, Murray Hill Expert
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No Fee
 
Live Video Tour
  1,350 ft² · Doorman · Elevator
4 Bedrooms, Murray Hill Rental in NYC for $4,945 - Photo 1 4 Bedrooms, Murray Hill Rental in NYC for $4,945 - Photo 2
Last hour
East 34th Street
Murray Hill, Midtown Manhattan, Manhattan
$4,945 4 Bed 2 Bath
Carole Attlan, Murray Hill Expert
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No Fee
 
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  1,350 ft² · Doorman · Elevator
Studio, Tudor City Rental in NYC for $2,400 - Photo 1 Studio, Tudor City Rental in NYC for $2,400 - Photo 2
2 hours ago
325 East 41st Street, Apt 1003...
Tudor City, Midtown East, Midtown Manhattan, Manhattan
$2,400 Studio 1 Bath
By Josh Eisenstein
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No Fee
 
Live Video Tour
  Doorman · Elevator · Pre-War · Hardwood Floors
Studio, Chelsea Rental in NYC for $1,833 - Photo 1 Studio, Chelsea Rental in NYC for $1,833 - Photo 2
2 hours ago
237 West 18th Street, Apt 1FW
Chelsea, Midtown Manhattan, Manhattan
$1,833 Studio 1 Bath
Dominique Lavoie , Chelsea Expert
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No Fee
 
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Studio, NoHo Rental in NYC for $2,750 - Photo 1 Studio, NoHo Rental in NYC for $2,750 - Photo 2
2 hours ago
1 Astor Place, Apt 5D
NoHo, Downtown Manhattan, Manhattan
$2,750 Studio 1 Bath
By Ethan James Scherrer
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No Fee
 
Live Video Tour
  Doorman · Elevator
Studio, Lincoln Square Rental in NYC for $2,692 - Photo 1 Studio, Lincoln Square Rental in NYC for $2,692 - Photo 2
2 hours ago
21 West End Avenue, Apt 1415
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$2,692 Studio 1 Bath
By Ely Levy
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No Fee
 
Live Video Tour
  468 ft² · Doorman · Elevator · Laundry in Unit
2 Bedrooms, East Williamsburg Rental in NYC for $2,843 - Photo 1 2 Bedrooms, East Williamsburg Rental in NYC for $2,843 - Photo 2
1 hour ago
169 Graham Avenue, Apt 505
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$2,843 2 Bed 1 Bath
Itay Shahar, Williamsburg Expert
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No Fee
 
Exclusive
 
Live Video Tour
  Elevator · Laundry in Unit
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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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