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Noun. plural rents. Britannica Dictionary definition of RENT. : money that you pay in return for being able to use property and especially to live in an apartment, house, etc., that belongs to someone else.
A. : a usually fixed periodical return made by a tenant or occupant of property to the owner for the possession and use thereof. especially : an agreed sum paid at fixed intervals by a tenant to the landlord. b. : the amount paid by a hirer of personal property to the owner for the use thereof.
You are correct that "rent" normally refers to the payment and "rental" to the space that is rented. I need to find a new rental / rental unit / apartment to rent / place to rent / place to live. The (monthly) rent for the room is $300.
Rent is the amount of money that you pay regularly to use a house, flat, or piece of land.
The most common example of rent is the amount of money a tenant pays to live on someone else's personal property.