If you are in a situation where you can go balls-to-the-wall and get all your work done in a short span, rental may make sense. My problem is age and too many balls in the air. I get a day here and there to work and I have enough stuff to do that I'm looking at 3 to 5 years of ownership. Rental doesn't make sense in my scenario. I too was planning to do a single short term rental to get a feel for machines, but it turned out that I didn't have to.
It is really more a hydraulic pump machine vs a direct HP machine although they are related. They are sized so the hp/hydraulic pump power is matched to the weight. I want to be able to transport the machine myself with a pickup so 10K was about my weight limit. I'm probably slightly over the weight limit for my 10K trailer with my machine. So, that was the upper limit on size for me. The larger the machine, the more it can do unless you are talking about fine work around houses and tight quarters. So, I was pretty much looking at a 35 class (3.5 ton) base machine. My 35g comes in at a 10K with the long arm, counter weight, bucket and thumb.
I got my feel for different machines by driving around to local dealers. Some would let me take the machine and go play in the dirt. Some offered to bring a machine out and let me demo it but I didn't go that far. My problem was that I'm not a mechanic. Even after doing a lot of research into what to look out for, I didn't want to take the chance of buying a problem machine. So, I ended up buying from a dealer and paying a small premium over what I would have paid from a private buyer. It worked out for me.
Best of luck,
Jack