-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QnxrcHtvviJ8GDPoMZjWgw3iVSKI0wrdmXmcGme8TFHI064TsbeBRqtu4PdvZxjS
 Ju9tx+AXjyoI7NS35BRy0g==

<SEC-DOCUMENT>0000893046-03-000104.txt : 20030804
<SEC-HEADER>0000893046-03-000104.hdr.sgml : 20030804
<ACCEPTANCE-DATETIME>20030804141424
ACCESSION NUMBER:		0000893046-03-000104
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030801
FILED AS OF DATE:		20030804

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			JOSEFFER MARC W
		CENTRAL INDEX KEY:			0000924609

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22026
		FILM NUMBER:		03820119

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RENT WAY INC
		CENTRAL INDEX KEY:			0000893046
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				251407782
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		ONE RENTWAY PLACE
		CITY:			ERIE
		STATE:			PA
		ZIP:			16505
		BUSINESS PHONE:		8144555378

	MAIL ADDRESS:	
		STREET 1:		ONE RENTWAY PLACE
		CITY:			ERIE
		STATE:			PA
		ZIP:			16505
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>f4080103_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-08-01</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000893046</issuerCik>
        <issuerName>RENT WAY INC</issuerName>
        <issuerTradingSymbol>RWY</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000924609</rptOwnerCik>
            <rptOwnerName>JOSEFFER MARC W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Stock Option</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>4.90</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-08-01</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>8000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.00</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-01</value>
            <footnoteId id="F1"/>
      </exerciseDate>
      <expirationDate>
         <value>2008-08-01</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>8000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>8000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> All options immediately vest at grant date.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/Marc W. Joseffer</signatureName>
      <signatureDate>2003-08-04</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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