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"on rent" is a correct and commonly used phrase in written English.
It is typically used to indicate that something is being rented or leased by someone. Example: I am looking for an apartment on rent in the downtown area. In this example, "on rent" is used to describe the specific type of housing the speaker is seeking - one that they can rent rather than purchase.
Exact(58)
The report even touched on rent control – almost.
Mr. Liu called for a one-year moratorium on rent increases.
However, RICS is not developing proposals on rent benchmarks for the private rented sector, and we do not recommend that a government introduce a ceiling on rent increases.
They fell behind on rent.
The family fell behind on rent.
Spending review announcements on rent were significant.
I am two months late on rent.
Eventually, she fell two months behind on rent.
Are you behind on rent, Ma'am?" "Yes," Arleen replied.
Stogo is now two months behind on rent.
Some had fallen behind on rent and mortgage payments.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com