Rental
Part of speech: noun
Definition: Short term for something that is rented. The payment made to rent something.
Part of speech: adjective
Definition: Relating to rent. Relating to renting.
Renting
Part of speech: verb
Definition: To occupy premises in exchange for rent.
Example sentence: Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?