San José, CA – Gas stations, grocery stores and car dealers are not the only places people are facing sticker shock, as anyone looking to rent can tell you. Prices to rent an apartment are up around 20% over the last year.

San Jose, CA – According to a U.S. Census Bureau report released in October, the cost of renting rose even faster than the cost of buying a home between 2000 and 2005. Over those five years, rents rose 20.7% as compared to an 18.75% rise in homeowner costs (these are nationwide averages, the increases for both in some areas such as California have been much higher).