Owing money for rent, hide change (2,3,3)
I believe the answer is:
in the red
'owing money' is the definition.
(I've seen this before)
'rent hide change' is the wordplay.
'change' indicates anagramming the letters.
'rent'+'hide'='renthide'
'renthide' is an anagram of 'IN THE RED'.
'for' acts as a link.
(Other definitions for in the red that I've seen before include "Flashing lamp" , "Owing money, bank account overdrawn" , "Broke" , "Indebted" , "needing cash injection" .)