10 Cities Where Rents Are Rising the Most

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San Jose, Calif.

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(iStockPhoto)

Average rent: $1,635

Annual increase:
6.8 percent

Unemployment rate:
10.6 percent

Proximity to Silicon Valley and a tight supply of real estate make San Jose the market where rents are likely to rise the most in 2011. Hot companies like Google and Facebook are priming the local economy, and the high cost of homes means renting is the only option for younger or lower-income workers. That’s pushing up rents.

Next: New York