At present, from sixty to eighty per cent of the soil of Palestine is held in great estates, by absentee landowners, who rack-rent a miserable peasantry.
From the theatlantic.com
The 1520s appear to have been the point at which the rent increases became extreme, with complaints of rack-rent appearing in popular literature, such as the works of Robert Crowley.
From the en.wikipedia.org
Tidy a closet, or buy or rent a coat rack to put in a hall or bedroom.