Try this - I have not complied the code, but should be good. In case you see any compilation issues let me know and post schema on sqlfiddle.com
CREATE OR REPLACE TRIGGER rental_unavailable
BEFORE INSERT
ON rental
FOR EACH ROW
DECLARE
dvd_rented EXCEPTION;
PRAGMA EXCEPTION_INIT (dvd_rented, -20001);
n_count NUMBER (1);
BEGIN
SELECT COUNT (*)
INTO n_count
FROM dvd
WHERE dvd_id = :NEW.dvd_id AND dvd.status = 'FOR_RENT' AND ROWNUM < 2;
IF n_count > 0
THEN
RAISE dvd_rented;
END IF;
EXCEPTION
WHEN dvd_rented
THEN
raise_application_error (-20001, 'DVD has been rented');
END;