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No Fee Apartments for Rent

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2 Bedrooms, Kips Bay Rental in NYC for $5,200 - Photo 1 2 Bedrooms, Kips Bay Rental in NYC for $5,200 - Photo 2
Last hour
25 Waterside Plaza, Apt 31K
Kips Bay, Midtown Manhattan, Manhattan
$5,200 2 Bed 2 Bath
By Mike Hari
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No Fee
 
Live Video Tour
  1,062 ft² · Doorman · Elevator
5 Bedrooms, NoMad Rental in NYC for $1,900 - Photo 1 5 Bedrooms, NoMad Rental in NYC for $1,900 - Photo 2
2 hours ago
36 West 26th Street
NoMad, Midtown Manhattan, Manhattan
$1,900 5 Bed 2 Bath
By Stacy
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No Fee
 
By Owner
 
1 Bedroom, Hell's Kitchen Rental in NYC for $5,000 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $5,000 - Photo 2
10 hours ago
450 West 42nd Street, Apt 46P
Hell's Kitchen, Midtown Manhattan, Manhattan
$5,000 1 Bed 1 Bath
Yigal Krim, Hell's Kitchen Expert
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No Fee
  Doorman · Elevator · Laundry in Unit · Hardwood Floors · Furnished
Studio, Hell's Kitchen Rental in NYC for $2,200 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,200 - Photo 2
8 hours ago
455 West 46th Street, Apt 3B
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,200 Studio 1 Bath
By Fran Knowles-Rhames
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No Fee
 
Live Video Tour
  Elevator
1 Bedroom, Murray Hill Rental in NYC for $6,888 - Photo 1 1 Bedroom, Murray Hill Rental in NYC for $6,888 - Photo 2
8 hours ago
32 W 40th St
Murray Hill, Midtown Manhattan, Manhattan
$6,888 1 Bed / Flex 2 1 Bath
By Lee
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No Fee
 
By Owner
  528 ft² · Doorman · Elevator · Furnished
Studio, Hell's Kitchen Rental in NYC for $2,200 - Photo 1 Studio, Hell's Kitchen Rental in NYC for $2,200 - Photo 2
8 hours ago
455 West 46th Street, Apt 3A
Hell's Kitchen, Midtown Manhattan, Manhattan
$2,200 Studio 1 Bath
By Fran Knowles-Rhames
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No Fee
  Elevator
1 Bedroom, East Village Rental in NYC for $2,800 - Photo 1 1 Bedroom, East Village Rental in NYC for $2,800 - Photo 2
9 hours ago
31 Saint Marks Place, Apt 4
East Village, Downtown Manhattan, Manhattan
$2,800 1 Bed 1 Bath
By Judy Goldschmidt
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No Fee
  Laundry in Unit
1 Bedroom, West Village Rental in NYC for $3,895 - Photo 1 1 Bedroom, West Village Rental in NYC for $3,895 - Photo 2
7 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
 
Exclusive
 
Live Video Tour
  Elevator
2 Bedrooms, Fort George Rental in NYC for $2,095 - Photo 1 2 Bedrooms, Fort George Rental in NYC for $2,095 - Photo 2
8 hours ago
14 Thayer Street, Apt 1A
Fort George, Washington Heights, Upper Manhattan, Manhattan
$2,095 2 Bed 1 Bath
Gregory Healy, Washington Heights Expert
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No Fee
  700 ft² · Pre-War · Hardwood Floors
2 Bedrooms, Hudson Heights Rental in NYC for $2,900 - Photo 1 2 Bedrooms, Hudson Heights Rental in NYC for $2,900 - Photo 2
8 hours ago
105 Pinehurst Avenue, Apt 58
Hudson Heights, Washington Heights, Upper Manhattan, Manhattan
$2,900 2 Bed 1 Bath
Gregory Healy, Washington Heights Expert
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No Fee
  950 ft² · Elevator · Pre-War · Hardwood Floors
2 Bedrooms, Turtle Bay Rental in NYC for $7,965 - Photo 1 2 Bedrooms, Turtle Bay Rental in NYC for $7,965 - Photo 2
9 hours ago
222 East 44th St, Apt 21E
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$7,965 2 Bed 2 Bath
Benjamin Haghani, Midtown East Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Turtle Bay Rental in NYC for $4,849 - Photo 1 1 Bedroom, Turtle Bay Rental in NYC for $4,849 - Photo 2
9 hours ago
222 East 44th Street, Apt 20F
Turtle Bay, Midtown East, Midtown Manhattan, Manhattan
$4,849 1 Bed 1 Bath
Benjamin Haghani, Midtown East Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Laundry in Unit
1 Bedroom, Hunters Point Rental in NYC for $3,355 - Photo 1 1 Bedroom, Hunters Point Rental in NYC for $3,355 - Photo 2
8 hours ago
4610 Center Boulevard, Apt 816...
Hunters Point, Long Island City, Northwestern Queens, Queens
$3,355 1 Bed 1 Bath
Ivan Palov , LIC Specilaist, Long Island City Expert
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No Fee
 
Exclusive
 
Live Video Tour
  680 ft² · Doorman · Elevator
1 Bedroom, Murray Hill Rental in NYC for $3,700 - Photo 1 1 Bedroom, Murray Hill Rental in NYC for $3,700 - Photo 2
3 hours ago
East 37th Street
Murray Hill, Midtown Manhattan, Manhattan
$3,700 1 Bed / Flex 2 1 Bath
By Anil Jintoorkar
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No Fee
 
3 Bedrooms, Lower East Side Rental in NYC for $5,037 - Photo 1 3 Bedrooms, Lower East Side Rental in NYC for $5,037 - Photo 2
1 hour ago
Ridge St
Lower East Side, Downtown Manhattan, Manhattan
$5,037 3 Bed 1 Bath
By Maryana Kozlova
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No Fee
 
Live Video Tour
  Laundry in Unit
1 Bedroom, Hunters Point Rental in NYC for $3,140 - Photo 1 1 Bedroom, Hunters Point Rental in NYC for $3,140 - Photo 2
8 hours ago
4720 Center Boulevard, Apt 502...
Hunters Point, Long Island City, Northwestern Queens, Queens
$3,140 1 Bed 1 Bath
Ivan Palov , LIC Specilaist, Long Island City Expert
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No Fee
 
Exclusive
 
Live Video Tour
  700 ft² · Doorman · Elevator · Furnished
2 Bedrooms, Midtown East Rental in NYC for $6,150 - Photo 1 2 Bedrooms, Midtown East Rental in NYC for $6,150 - Photo 2
1 hour ago
East 56
Midtown East, Midtown Manhattan, Manhattan
$6,150 2 Bed 2 Bath
By Maryana Kozlova
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No Fee
 
Live Video Tour
  Doorman · Elevator
1 Bedroom, Hell's Kitchen Rental in NYC for $3,529 - Photo 1 1 Bedroom, Hell's Kitchen Rental in NYC for $3,529 - Photo 2
16 hours ago
600 W 58th St, Apt 9C
Hell's Kitchen, Midtown Manhattan, Manhattan
$3,529 1 Bed 1 Bath
By 57 West Leasing
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No Fee
 
Exclusive
 
By Owner
  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
3 hours ago
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, Murray Hill Rental in NYC for $3,800 - Photo 1 1 Bedroom, Murray Hill Rental in NYC for $3,800 - Photo 2
10 hours ago
149 East 39th Street, Apt 703
Murray Hill, Midtown Manhattan, Manhattan
$3,800 1 Bed 1 Bath
Sixto Sibri, Murray Hill Expert
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No Fee
 
Live Video Tour
  Doorman · Elevator · Furnished
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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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