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No Fee Apartments for Rent

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2 Bedrooms, Kips Bay Rental in NYC for $5,295 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $5,295 - Photo 2
2 hours ago
25 Waterside Plaza, Apt 31K
Kips Bay, Midtown Manhattan, Manhattan
$5,295 2 Bed 2 Bath
By Mike Hari
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No Fee
 
Live Video Tour
  1,062 ft² · Doorman · Elevator
3 Bedrooms, Bushwick Rental in NYC for $2,923 - Photo 1 3 Bedrooms, Bushwick Rental in NYC for $2,923 - Photo 2
Last 30 min
254 Palmetto St, Apt 3A
Bushwick, Northern Brooklyn, Brooklyn
$2,923 3 Bed 1 Bath
Itay Shahar, Bushwick Expert
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No Fee
 
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  Elevator · Laundry in Unit · Hardwood Floors
3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,567 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,567 - Photo 2
Last 30 min
879 Dekalb Ave, Apt 20
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,567 3 Bed 1 Bath
Itay Shahar, Bedford-Stuyvesant Expert
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No Fee
 
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  Laundry in Unit
1 Bedroom, East Village Rental in NYC for $2,600 - Photo 1 1 Bedroom, East Village Rental in NYC for $2,600 - Photo 2
3 hours ago
31 Saint Marks Place, Apt 4
East Village, Downtown Manhattan, Manhattan
$2,600 1 Bed 1 Bath
By Judy Goldschmidt
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No Fee
  Laundry in Unit
3 Bedrooms, Kips Bay Rental in NYC for $6,000 - Photo 1 3 Bedrooms, Kips Bay Rental in NYC for $6,000 - Photo 2
2 hours ago
40 Waterside Plaza, Apt 26C
Kips Bay, Midtown Manhattan, Manhattan
$6,000 3 Bed / Flex 4 2 Bath
By Mike Hari
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No Fee
 
Live Video Tour
  1,158 ft² · Doorman · Elevator
2 Bedrooms, Hell's Kitchen Rental in NYC for $4,993 - Photo 1 2 Bedrooms, Hell's Kitchen Rental in NYC for $4,993 - Photo 2
Last hour
Columbus Circle - Hell's Kitch...
Hell's Kitchen, Midtown Manhattan, Manhattan
$4,993 2 Bed / Flex 3 2 Bath
Sreeram Mallikarjun, Hell's Kitchen Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Fort Greene Rental in NYC for $3,914 - Photo 1 1 Bedroom, Fort Greene Rental in NYC for $3,914 - Photo 2
5 hours ago
250 Ashland Place, Apt 28D
Fort Greene, Northwestern Brooklyn, Brooklyn
$3,914 1 Bed 1 Bath
By Miranda Feamster
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No Fee
 
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  Doorman · Elevator · Laundry in Unit
2 Bedrooms, Hudson Heights Rental in NYC for $2,795 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,795 - Photo 2
3 hours ago
690 Fort Washington Avenue, Ap...
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,795 2 Bed 1.5 Bath
Gregory Healy, Washington Heights Expert
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No Fee
 
Live Video Tour
  1,000 ft² · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, East Williamsburg Rental in NYC for $3,500 - Photo 1 2 Bedrooms, East Williamsburg Rental in NYC for $3,500 - Photo 2
Last 30 min
586 Grand St., Apt 4B
East Williamsburg, Williamsburg, Northern Brooklyn, Brooklyn
$3,500 2 Bed 1 Bath
By Harry
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No Fee
 
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By Owner
 
2 Bedrooms, Garment District Rental in NYC for $5,240 - Photo 1 2 Bedrooms, Garment District Rental in NYC for $5,240 - Photo 2
5 hours ago
320 West 38th Street, Apt 1202...
Garment District, Midtown Manhattan, Manhattan
$5,240 2 Bed 2 Bath
By David Gelfenbeyn
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
4 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 1 4 Bedrooms, Bushwick Rental in NYC for $3,000 - Photo 2
Last 30 min
91 Wyckoff Ave, Apt 3A
Bushwick, Northern Brooklyn, Brooklyn
$3,000 4 Bed 1 Bath
By Harry
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No Fee
 
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By Owner
 
1 Bedroom, West Village Rental in NYC for $3,895 - Photo 1 1 Bedroom, West Village Rental in NYC for $3,895 - Photo 2
5 hours ago
12 Charles St., Apt 2
West Village, Downtown Manhattan, Manhattan
$3,895 1 Bed 1 Bath
By Evan Raciti
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No Fee
 
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  Elevator
2 Bedrooms, Manhattan Valley Rental in NYC for $5,250 - Photo 1 2 Bedrooms, Manhattan Valley Rental in NYC for $5,250 - Photo 2
2 hours ago
West 97th Street
Manhattan Valley, Upper West Side, Upper Manhattan, Manhattan
$5,250 2 Bed 2 Bath
Thomas Auger, Upper West Side Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Lincoln Square Rental in NYC for $3,915 - Photo 1 1 Bedroom, Lincoln Square Rental in NYC for $3,915 - Photo 2
2 hours ago
West 67th Street
Lincoln Square, Upper West Side, Upper Manhattan, Manhattan
$3,915 1 Bed 1 Bath
Thomas Auger, Upper West Side Expert
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No Fee
  Doorman · Elevator · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,750 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,750 - Photo 2
3 hours ago
West 52nd Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,750 1 Bed 1 Bath
Marlon Browar, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Hell's Kitchen Rental in NYC for $3,675 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,675 - Photo 2
3 hours ago
West 45th Street
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,675 1 Bed 1 Bath
Marlon Browar, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors
1 Bedroom, Long Island City Rental in NYC for $3,500 - Photo 1 1 Bedroom, Long Island City Rental in NYC for $3,500 - Photo 2
4 hours ago
29-11 Queens Plaza North, Apt ...
Long Island City, Northwestern Queens, Queens
$3,500 1 Bed / Flex 2 1 Bath
Ivan Palov , LIC Specilaist, Long Island City Expert
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No Fee
 
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  Doorman · Elevator
Studio, Financial District Rental in NYC for $2,723 - Photo 1 Studio, Financial District Rental in NYC for $2,723 - Photo 2
Last 30 min
West St.
Financial District, Downtown Manhattan, Manhattan
$2,723 Studio / Flex 2 1 Bath
John Papadopoulos, Financial District Expert
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No Fee
  Doorman · Elevator · Pre-War · Hardwood Floors
1 Bedroom, Long Island City Rental in NYC for $3,095 - Photo 1 1 Bedroom, Long Island City Rental in NYC for $3,095 - Photo 2
4 hours ago
28-40 Jackson Avenue, Apt 5L
Long Island City, Northwestern Queens, Queens
$3,095 1 Bed 1 Bath
Vlad Vladimirov, LIC Expert, Long Island City Expert
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No Fee
 
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By Owner
  Doorman · Elevator · Laundry in Unit
Studio, Long Island City Rental in NYC for $2,635 - Photo 1 Studio, Long Island City Rental in NYC for $2,635 - Photo 2
4 hours ago
44-28 Purves Street, Apt 6J
Long Island City, Northwestern Queens, Queens
$2,635 Studio 1 Bath
Pavla Petrova, LIC Expert, Long Island City Expert
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No Fee
  Doorman · 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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