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Rental Market Trends in Caro, MI

What is the average rent in Caro, MI?

$789/month

Average Rent

663 Sq Ft

Average Apartment Size

+3.3%

Increase in the Last Year

As of September 2025, the average rent in Caro, MI is $789 per month. This is 52% lower than the national average rent of $1,639/month, making renting in Caro more affordable than most cities in the US. When you rent an apartment in Caro, you can expect to pay about $767 per month for a studio, $789 for a one-bedroom apartment, and around $896 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,111 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$767/month
400 Sq Ft
One Bedroom
$789/month
663 Sq Ft
Two Bedroom
$896/month
852 Sq Ft
Three Bedroom
$1,111/month
1,113 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Caro, MI?

In the past year, rent has increased by 3.3%, which averages out to $27 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Caro, MI?

Because the average rent in Caro is $789, you’ll want to make about $2,630 per month or $31,560 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Caro, MI

5 Available Apartments for Rent

Search for Nearby Apartments

How does Caro, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Caro, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Caro, MI

Apartment Averages

Apartment communities in Caro we think you'll love

Sugar Creek Apartments

Sugar Creek Apartments

208 Romain Rd,
Caro, MI 48723

$820 - $1,155

1-3 Beds

120 Wilsie Dr

120 Wilsie Dr

120 Wilsie Dr,
Caro, MI 48723

$1,100

3 Beds

1365 Kingston Dr

1365 Kingston Dr

1365 Kingston Dr,
Caro, MI 48723

$1,400

3 Beds

651 Hixon Pl

651 Hixon Pl

651 Hixon Pl,
Vassar, MI 48768

$739

1 Bed

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United States Michigan Caro Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity