Meaning of the word renters in English

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

renters

US /ˈren.tərz/
UK /ˈren.təz/

Plural Noun

people who pay money to live in a property that belongs to someone else, or to use something that belongs to someone else

Example:
The landlord increased the rent for all the renters.
Many young people are renters because they cannot afford to buy a house.