Indianapolis
It's a timeworn truism: Different markets see vast improvement at different times. For Indianapolis, that time is now. After watching its Midwest neighbors, especially Chicago, see tremendous fundamental growth and market tightening over the past 12 to 18 months, the Indianapolis apartment market is now seeing marked advancement in effective rents and occupancy levels. With its diverse economy and population growth, Indianapolis has outperformed neighboring markets over the past year, and its economy is projected to grow at a faster pace than the national average into 2010.