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If the domain name is currently held, you'll need to make an offer to purchase it from the current holder. Domain flipping is the practice of buying a domain name as cheaply as possible. Then, without doing anything with the domain, you'll sell the domain to an interested party for more than you originally paid.
Generally speaking, a domain name can cost you anywhere from $2 to $20 per year, depending on specials or discounts.
Look for specific domains that are owned but don't have an active site on them. Comb the marketplaces for names on sale and reach out to the owner to ask about renting or leasing. Get any contract in writing, make sure to be clear on all terms.
Anyone can register . RENT domain names on a first-come, first-served basis.
You cannot buy a domain name permanently. Domain name registration is done on a yearly basis. However, you can pre-pay for up to 10 years, which guarantees that you will have a domain name for 10 years. What happens to my domain name once its registration expires?