IPA: /ˈrɛntər/
KK: /ˈrɛntər/
A person who pays to live in a property owned by someone else.
As a renter, I have to follow the rules set by my landlord.
Renter → It is formed from "rent" (from Old French *rente*, meaning income or revenue) and "-er" (meaning a person who). A renter is a person who pays rent for the use of property or land.
Think of someone who pays for the use of property — the 'rent' is the payment, and the '-er' indicates a person involved in that action.