One of the most daunting parts of moving to New York City is finding a new apartment. From understanding the difference between a “no-fee” and “fee” listing to knowing what all those abbreviations mean, it can feel like you need a real estate degree just to start your search.
If you’re looking for New York City No Fee Apartments, here is everything you need to know.
What is a No Fee Apartment?
A no-fee apartment is one where the landlord pays the broker’s fee so that the person who moves into the apartment doesn’t have to pay it. Brokers will often advertise an apartment’s monthly rent with the broker’s fee included, so if you see a listing for $2,200/month and there’s no mention of a fee, don’t get too excited: it will be more expensive than this when all is said and done.
How Do You Find An Affordable Apartment in New York City?
It’s expensive to live in New York City. It’s even more expensive to find an apartment there. One of the most daunting things about searching for an apartment in New York City is that landlords and brokers often require the first month’s rent, last month’s rent, and a security deposit before they hand over the keys. The total cost of renting an apartment in NYC can be as much as six months of your monthly salary.
But what if you could find no-fee apartments in New York? No need to worry about that extra cash upfront! If you know where to look and what questions to ask, you can find no-fee apartments in NYC and save yourself a lot of money.
No fee apartment listings are sometimes advertised as such on real estate sites like Heritage Collection and StreetEasy, but they’re not always labeled that way. When you search for apartments on these sites, be sure to filter out any results that have a broker’s fee listed.