Rent-2 meaning : A payment made by a tenant at intervals in order to occupy a property. A similar payment for the use of equipment or a service. A profit from possession of a valuable right, as a restricted license to engage in a trade or business. An object for which rent is charged or paid. Income; revenue. To occupy premises in exchange for rent. To grant occupation in return for rent. To obtain or have temporary possession of an object (e.g. a movie) in exchange for money. To be leased or let for rent.