rent
noun [ C or U ]
uk/rent/ us PROPERTY, COMMERCE
an amount of money that you pay for the use of something, especially that you pay regularly for the use of a room, house, office, etc. that someone else owns:
a fair/high/low rent
annual/monthly rent
commercial/office rents
pay (the) rent The company is renegotiating its finances after struggling to pay the rent on its properties.
charge/collect rent Managing the property generally means collecting rent and carrying out maintenance.
COMMERCE US
→ rental noun :
You will pay no line rent on this phone deal.
for rent
offered by the owner for someone else to use in exchange for money:
The restaurant was open 24 hours a day and also had rooms for rent.
See also
ground rent
net rent
peppercorn rent
rack rent
rent
verb
uk/rent/ us [ I or T ] PROPERTY
to pay a fixed amount of money regularly for the use of a room, house, office, etc.:
Researchers said there was a growing divide between the home-owning majority and people who rent.
Regardless of the boom in UK property prices, it is still cheaper to buy rather than rent a house.
rent sth from sb She has been renting an apartment from a private landlord through a letting agent.
A surprising number of storage units are rented by salesmen.
[ T ] PROPERTY (also rent sth out)
to receive an amount of money from somebody for the use of something, especially a room, house, office, etc. that you own:
rent sth to sb She runs a commercial real estate company that rents office space to businesses.
rent sth for sth She rents out one of her rooms to students.
He renovated the three-storey building and rents it out as apartments.
Each of these centres rents out farm machinery to local farmers at low cost.
[ T ] COMMERCE ( UK usually hire)
to pay to use something for a short period of time:
rent a car/an automobile I rented a car at Millennium Park and headed off to explore the island.
[ I ] PROPERTY US
to be available for someone to use for a particular amount of money:
rent at/for sth The rooms rented at a premium of $25 to $35 over regular rates.
rent for sth Rooms that regularly rent for $59 a night suddenly cost $300 a night.