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In the busiest cities of the world, most of the working population does not buy their own property. This is mostly because in these cities, the price of real estate is excessive and available space is less. So the majority of the working people and students prefer rental apartments, often shared among a group. In the largest of cities, there are even problems finding rental space.

No fee apartment rentals in NYC and other such mega cities are the best accommodations to find. No fee apartments are rental arrangements where a renter doesn’t have to pay excess fees over the rent. While often a fixed security amount is taken by the landlord, a renter only pays the rent directly to the landlord. The brokerage system has many flaws in it, including inflation of actual prices for a larger commission. But renting your apartment directly from the landlord will get you a space at a better price.

The rent rates of NYC are actually some of the higher ones in USA. This is understandable, because New York is one of the largest and costliest cities of the world. The average median rent rates that are paid for a 1 bedroom are about $3,800 monthly. But this recent figure of 2011 is rather high compared to the 2010 median price of about $3,000 monthly. The 30% rise in rental prices for no fee apartments in NYC is mainly because of the recent increase in employment rates, and hence increased demand for space after the recession in 2008.

But for a person seeking to relocate to NYC, it is rather difficult to understand the exact market scenario and manage finances accordingly. For an apartment costing about $3,800, the deposit sum may be as high as $10,000! But it is very rare that a broker will tell you all the details of rental apartments before you actually guarantee signing the contract. It is only after the deal is made that all the costs involved are truly put out before you.

The Internet has made this scenario friendlier for the renters. While in the past you had to look about desperately for available space in a big city, the Internet has more or less made renting easier. A renter seeking a good no fee apartment rentals in NYC only needs to make a thorough online search to find the best deals. With online classifieds being updated hourly, there is no dearth of proper housing at a wide range of prices. Using the Internet effectively to be informed also helps you to be financially prepared for the costs of getting a good apartment and plan ahead accordingly.