‘rent’, in this context, = the money or anything equivalent in value that is to be paid for using somebody’s property temporarily; ‘to rent’, in this context, = to use somebody’s property temporarily by paying some amount or anything equivalent in value (note: ‘rent’, in a different context, can be a rip or an opening made in a sock or cloth, e.g. “She accidentally made a big rent in her stocking while she was walking in the garden.” and it can also be the past form of the verb word ‘to rend’ which mean ‘to rip or to tear’ a hole or a split something, etc. “After we had left the camp site to visit the lake, a wild bear rent/rended our tent flap, entered the tent and made away with some canned fish and meat!”)

Note: ‘Renter’, always with a capital ‘R’, is often found in the names of people, e.g. Bill Renter, Clara Renter, Jamie Renter, etc. For an article that explains the origin of this word as the surname/last name/family name, please click here.