The phrase "a nominal rent" is correct and usable in written English.
It is typically used to describe a very low or symbolic amount of rent, often in contexts where the rent is not meant to be a profit-making venture.
Example: "The community center charges a nominal rent for the use of its facilities to encourage local events."
Alternatives: "a token rent" or "a minimal rent".
Heathrow charges retailers a nominal rent but takes a cut of their turnover.
No requests to pay a nominal rent, do the shopping, cooking.
Residents are charged only a nominal rent provided they attend mass daily – just as in the 1500s.
Members of Leeds council's executive board to sublet the Cardigan Centre to its existing occupiers at a nominal rent for the remainder of the council's lease.
When the couple married, the queen said they could live in Kensington Palace for their lifetimes and pay a nominal rent.
The leases paid landowners only a nominal rent -- an average of about 4 cents an acre each year -- for what was seen as an experiment.
NN benefits from a peppercorn (nominal) rent for the building, part of Northampton's new cultural quarter.
The Camp Meeting Association still owns all the lots in Ocean Grove, for which it collects a nominal ground rent, but it has no role in real estate sales (as it did in the days when a buyer had to have a letter of recommendation from a Methodist minister).
But by the late 1990s, as the last surviving Girls were entering or leaving their 90s, meetings became mellow gatherings at the church, where in the 1970s the club was given an office for its charitable work for nominal rent.
Mr. Feld, who had been a supporter of the Joyce's mission, had said he could no longer afford the nominal rent arrangement because he needed money to build his own programs.
For 10 years, a media activist, Lenny Charles Labanco, made television segments and organized left-leaning fund-raisers and panel discussions, surviving in large part because it paid nominal rent at 56 Walker Street in TriBeCa.
