Capable of being rented out or leased; suitable for renting.
From 'arrent' (an archaic form of 'rent' used in land-tenure contexts) combined with '-able' (capable of). This term appears in legal and property documents from medieval and early modern England.
This is a legal word you'd see in old property documents—it distinguished land that could be leased to tenants from land held in other ways, and it shows how the English legal system had specific vocabulary for different types of property relationships.
Complete word intelligence in one call. Free tier — 50 lookups/day.