Thanks for the replies everyone. I have done the job before for a gas line, but this area had no block. The stoner at the rental place told me $15 for 4 hrs. Well, that was for the bit ONLY. Renting the actual hammer drill was an additional $35. I was done with it in less than 1 hr.
Had I known that, I would've entertained buying one seeing how I have all the jobs lined up for it. Like right now, I'll be spending another $50 so that's $100 that could've went to buying the tool.
Oh well.