Yes you can. I rented my DIP's from my recent purchase. Please be aware that renting IP's involves a manual process for MS. When you make the reservation they will hold it, but won't be able to get you a reservation number for a couple of weeks, while it gets manually processed. At that time they usually contact you and can verbally give you the reservation number. Then about a week or so after that you'll get the reservation letter. So, when using them, make sure you convey the slower then normal process in getting confirmation with your renter.
Good Luck.