Denver, San Francisco top the list of 20 US cities where rents will rise the fastest in 2015

Associated Press

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