The Rentals have released two LPs, Return Of (The Rentals) (1995) and Seven More Minutes (1999), and one EP, The Last Little Life (2007).

Band members on Return Of included Patrick Wilson (also of Weezer) on drums, Rod Cervera (guitar), Tom Grimley (moog), Petra Haden (violin, vocals), and Cherielynn Westrich (vocals, moog). Petra's triplet sister, Rachel Haden, appears as an additional vocalist. After Sharp left Weezer, Wilson's studio replacement on the drums was Kevin March and Mike Fletcher was the band's most frequent touring drummer. Maya Rudolph, of Saturday Night Live fame, also briefly toured with the band as a keyboardist. They are known for their quirky Moog-driven melodies. The single "Friends of P" off their first album was a modern rock radio hit, peaking at #7 on Billboard's Modern Rock Chart and #92 on the Billboard Hot 100. After touring for Seven More Minutes the band disbanded.

Yet on October 24, 2005, the tenth anniversary of the band's formation, Matt Sharp announced he was bringing back The Rentals after a six year absence. The new lineup includes founding member Rachel Haden on bass/vocals, Sara Radle on vocals/multiple instruments, Ben Pringle (from Nerf Herder and now Yearbook Pictures) on synths/multiple instruments, Lauren Chipman on viola/synth/vocals, and Dan Joeright on drums. Sharp stated on his website that "there are no current plans" for ex-Rental Cherielynn Westrich "to be involved in the future of The Rentals."