Meaning of the word "for rent" in English

What does "for rent" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

for rent

US /fɔr rɛnt/
UK /fɔː rɛnt/

Phrase

available to be rented

Example:
This apartment is for rent.
There's a sign outside that says 'House for Rent'.