The top 20 U.S. metropolitan areas projected to see the biggest growth in average effective apartment rent this year. Effective rent is what a tenant pays after factoring in landlord concessions, such as a free month at move-in.
| Top 20 US Markets | Projected monthly effective rent for 2015 | Year-over-year percent change |
| Denver | $1,335 | 9.0 |
| San Francisco | $3,040 | 8.5 |
| San Jose, California | $2,486 | 8.5 |
| Oakland, California | $1,962 | 8.1 |
| Atlanta | $1,005 | 7.6 |
| Portland, Oregon | $1,114 | 6.6 |
| Seattle | $1,336 | 6.0 |
| The counties of Riverside and San Bernardino, California | $1,231 | 5.6 |
| Phoenix | $868 | 5.5 |
| Sacramento, California | $1,087 | 5.4 |
| Orange County, California | $1,813 | 5.3 |
| San Diego | $1,630 | 5.3 |
| Tampa, Florida | $995 | 5.3 |
| Los Angeles | $1,878 | 5.2 |
| Orlando, Florida | $1,030 | 5.2 |
| Fort Lauderdale, Florida | $1,384 | 4.9 |
| Miami | $1,322 | 4.6 |
| Nashville | $999 | 4.6 |
| Jacksonville, Florida | $870 | 4.3 |
| Louisville | $790 | 4.2 |
| U.S. average | $1,219 | 3.4 |
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Source: Marcus & Millichap Research Services, MPF Research