Rent or given, not appreciated or held in high value.
Paid for, appreciated and cared for.
Jesus paid for us with his own blood.
A former pastor gave this illustration about the Lord Jesus and His care for us.
Many times I rent some equipment I need for a special job. I might think I don't have to treat it right, that I can abuse it. After all it is a rental; it's not my own. But if I own it and have paid for it, I will treat it more gently and carefully.
Jesus didn't rent us, nor were we just given to him. He, himself, redeemed us from our sins with His own blood. He cares for us in a special way, because we are his own.
In Him we have redemption through His blood, the forgiveness of sins, according to the riches of His grace (Ephesians 1:7)