NYC Apartments

No-Fee Apartments in NYC (2026)

NYC broker fees typically cost 12-15% of annual rent when paid by the tenant. On a $3,500/month apartment, that is $5,040-$6,300 at lease signing. No-fee apartments shift that cost to the landlord, saving renters thousands. No-fee listings are more common in winter months and in newer luxury buildings.

What to look for in a no-fee NYC apartment

  • More common in winter months (December-February) when landlords face vacancies
  • Large management companies (Equity Residential, Related, AvalonBay) often offer no-fee directly
  • Newer luxury buildings frequently waive broker fees to attract tenants
  • The 2024 FARE Act attempted to shift all broker fees legally but enforcement is contested
  • Watch for hidden fees that replace the broker fee under different names

Want a deeper dive? Read our full How to Find an Apartment in NYC guide.

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