Crossword Genius

Took no action on rent — stupidly I tried! (3,2,4)

Ross

I believe the answer is:

let it ride

'took no action' is the definition.
(to let something ride is to opt not to address it)

'rent stupidly i tried' is the wordplay.
'rent' becomes 'let' ('let' can be a synonym of 'rent').
'stupidly' indicates an anagram.
'i'+'tried'='itried'
'itried' with letters rearranged gives 'itride'.
'let'+'itride'='LET IT RIDE'

'on' is the link.

(Another definition for let it ride that I've seen is " take no immediate action".)

I've seen this clue in The Guardian.
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