Yes, per the IRS, Box 1 of a 1099 MISC form should include payments made for the rental of equipment.
Here is more information from the 1099 MISC form instructions:
Box 1. Rents: Enter amounts of $600 or more for all types of rents, such as any of the following.
Real estate rentals paid for office space. However, you do not have to report these payments on Form 1099-MISC if you paid them to a real estate agent or property manager. But the real estate agent or property manager must use Form 1099-MISC to report the rent paid over to the property owner. See Regulations sections 1.6041-3(d) and 1.6041-1(e)(5), Example 5.
Machine rentals (for example, renting a bulldozer to level your parking lot). If the machine rental is part of a contract that includes both the use of the machine and the operator, prorate the rental between the rent of the machine (report that in box 1) and the operator's charge (report that as NEC in box 7).
Pasture rentals (for example, farmers paying for the use of grazing land).
