1. To occupy the property of another person or company in return for an amount of money, typically fixed by contract and paid in regular intervals. I'm so tired of renting from greedy landlords and realtors. I've got a family renting from me while I work in Japan for the next year.

2. To obtain the use something that belongs to another person or company in return for an amount of money. We're going to rent bikes from the shop next to our hostel and take them around the city tomorrow. A local artist is renting some studio space from me at the moment.