This is the 3581st most frequent German word.
miete
"Rent" or "lease payment."
In this case, 'Miete' is used as a noun to refer to the regular payment made for renting an accommodation or property.
Ich zahle jeden Monat die Miete für meine Wohnung.
I pay the rent for my apartment every month.
Here, 'mietet' is a conjugated form of the verb 'mieten', which means 'to rent' or 'to lease' something.
Er mietet ein Auto für seine Reise.
He rents a car for his trip.
Again, 'Miete' is used as a noun, describing the cost associated with renting a place, highlighting its financial aspect in terms of the amount required monthly.