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No Fee Apartments for Rent

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1 Bedroom, Lenox Hill Rental in NYC for $2,050 - Photo 1 1 Bedroom, Lenox Hill Rental in NYC for $2,050 - Photo 2
1 hour ago
149 East 72nd Street, Apt 5R
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$2,050 1 Bed 1 Bath
By Rachel Leigh Smith
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No Fee
 
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Live Video Tour
 
3 Bedrooms, Lower East Side Rental in NYC for $3,325 - Photo 1 3 Bedrooms, Lower East Side Rental in NYC for $3,325 - Photo 2
Last hour
Delancey Street
Lower East Side, Downtown Manhattan, Manhattan
Open House - Sun, Aug 9, 12:00pm - 1:00pm
$3,325 3 Bed 1 Bath
By Sid Gandotra
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No Fee
 
Live Video Tour
 
1 Bedroom, West Village Rental in NYC for $2,800 - Photo 1 1 Bedroom, West Village Rental in NYC for $2,800 - Photo 2
5 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
Studio, Williamsburg Rental in NYC for $3,300 - Photo 1 Studio, Williamsburg Rental in NYC for $3,300 - Photo 2
2 hours ago
420 Kent Avenue, Apt 458
Williamsburg, Northern Brooklyn, Brooklyn
$3,300 Studio 1 Bath
By Dania
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No Fee
 
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  500 ft² · Doorman · Elevator · Laundry in Unit · Furnished
Room, Garment District Rental in NYC for $1,575 - Photo 1 Room, Garment District Rental in NYC for $1,575 - Photo 2
Last hour
356 West 39th Street
Garment District, Midtown Manhattan, Manhattan
$1,575 Room 1 Bath
By welcome@junehomes.com
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No Fee
 
By Owner
 
4 Bedrooms, Little Senegal Rental in NYC for $4,000 - Photo 1 4 Bedrooms, Little Senegal Rental in NYC for $4,000 - Photo 2
2 hours ago
West 115th Street
Little Senegal, Central Harlem, Upper Manhattan, Manhattan
$4,000 4 Bed 2 Bath
By Don Carlos
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No Fee
  Pre-War
2 Bedrooms, Washington Heights Rental in NYC for $2,195 - Photo 1 2 Bedrooms, Washington Heights Rental in NYC for $2,195 - Photo 2
6 hours ago
573 West 159th Street, Apt 19
Washington Heights, Upper Manhattan, Manhattan
$2,195 2 Bed 1 Bath
Oscarli Diaz, Washington Heights Expert
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No Fee
 
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Studio, Hell's Kitchen Rental in NYC for $2,100 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,100 - Photo 2
1 hour ago
465 West 50th Street, Apt 1R
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,100 Studio 1 Bath
By Stella Kim
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No Fee
 
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  400 ft² · Furnished
Studio, Yorkville Rental in NYC for $1,800 - Photo 1 Studio, Yorkville Rental in NYC for $1,800 - Photo 2
9 hours 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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2 Bedrooms, Midwood Rental in NYC for $2,395 - Photo 1 2 Bedrooms, Midwood Rental in NYC for $2,395 - Photo 2
1 hour ago
East 14th Street
Midwood, Central Brooklyn, Brooklyn
$2,395 2 Bed 1 Bath
By Liena Stebere
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No Fee
 
Live Video Tour
  925 ft² · Elevator
2 Bedrooms, Garment District Rental in NYC for $4,350 - Photo 1 2 Bedrooms, Garment District Rental in NYC for $4,350 - Photo 2
1 hour ago
350 West 42nd Street, Apt 5G
Garment District, Midtown Manhattan, Manhattan
$4,350 2 Bed / Flex 3 2 Bath
By Stella Kim
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No Fee
 
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  1,070 ft² · Doorman · 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
3 hours ago
First ave
East Village, Downtown Manhattan, Manhattan
$4,495 3 Bed 1 Bath
By Eleonora (Elle) Nikolova
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No Fee
 
3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,566 - Photo 1 3 Bedrooms, Bedford-Stuyvesant Rental in NYC for $2,566 - Photo 2
4 hours ago
841 Kent Avenue, Apt 3F
Bedford-Stuyvesant, Northern Brooklyn, Brooklyn
$2,566 3 Bed 1 Bath
Itay Shahar, Bedford-Stuyvesant Expert
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No Fee
 
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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
7 hours 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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No Fee
 
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  Doorman · Elevator · Furnished
2 Bedrooms, Yorkville Rental in NYC for $4,995 - Photo 1 2 Bedrooms, Yorkville Rental in NYC for $4,995 - Photo 2
12 hours ago
310 East 81 Street, Apt 2
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$4,995 2 Bed 2 Bath
Robert A. Brooks, Upper East Side Expert
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No Fee
  Pre-War · Hardwood Floors
2 Bedrooms, East Village Rental in NYC for $3,400 - Photo 1 2 Bedrooms, East Village Rental in NYC for $3,400 - Photo 2
3 hours ago
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
1 Bedroom, Yorkville Rental in NYC for $2,400 - Photo 1 1 Bedroom, Yorkville Rental in NYC for $2,400 - Photo 2
12 hours ago
310 East 81 Street, Apt 4
Yorkville, Upper East Side, Upper Manhattan, Manhattan
$2,400 1 Bed 1 Bath
Robert A. Brooks, Upper East Side Expert
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No Fee
  780 ft² · Pre-War · Hardwood Floors
1 Bedroom, Rose Hill Rental in NYC for $3,825 - Photo 1 1 Bedroom, Rose Hill Rental in NYC for $3,825 - Photo 2
9 hours 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
3 Bedrooms, Yorkville Rental in NYC for $7,625 - Photo 1 3 Bedrooms, Yorkville Rental in NYC for $7,625 - Photo 2
4 hours ago
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, Lenox Hill Rental in NYC for $11,000 - Photo 1 2 Bedrooms, Lenox Hill Rental in NYC for $11,000 - Photo 2
2 hours ago
530 Park Avenue, Apt 2
Lenox Hill, Upper East Side, Upper Manhattan, Manhattan
$11,000 2 Bed 2 Bath
By Gilad Azaria
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No Fee
 
Exclusive
  1,359 ft² · Doorman · Elevator · Laundry in Unit · Pre-War
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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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