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A rate is, as one example, the amount the electric company charges per kilowatt. A rate can frequently change.

Rent is a fixed amount paid per month on anything which can be rented, for example:

  • an apartment
  • a house
  • furniture
  • a computer
  • storage unit

Cars can be rented but the rental charge is per day.

When you rent something, you take possession of someone else' belonging for an agreed period of time at a rate agreed upon by both parties. Rented items are held on to for a longer time than hired items. So rent indicates the period of possession, while rate is the amount payable for the rented item.

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12y ago
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Wiki User

14y ago

Hire a person, rent an object.

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Q: What the difference between hire or rent?
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