Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Caro, MI

As of July 2025, Caro's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Caro's average rent is 41.4% ($565) lower than the Michigan average of $1,365 and 54.9% ($975) lower than the U.S. average of $1,775.

Average Rent

$800

Monthly ChangeMonth Over Month Change

3% ($25)

Yearly ChangeYear Over Year Change

16.6% ($114)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$750	No change	38.6% ($209)
2 Beds	$850	3.6% ($32)	24.5% ($167)
3 Beds	$1,086	0.5% ($6)	19.9% ($180)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Caro Rental Market FAQs

Explore rental prices, market trends, and availability in Caro, MI.

What is the average rent in Caro, MI?

The average rent in Caro, MI is $800 per month.

What is the rental price range for homes in Caro, MI?

Homes in Caro typically rent for between $600 and $1,412 per month, with an average of $800 per month.

What is the average rent for different bedroom sizes in Caro, MI?

In Caro, the average rent for a 1-bedroom home is $750 per month, for a 2-bedroom home, $850 per month, and a 3-bedroom home is $1,086 per month.

How do rent prices in Caro, MI compare with the national average?

The average rent in Caro is 54.9% ($975) lower than the national average of $1,775 per month.

How have rent prices in Caro, MI changed recently?

The average rent in Caro has decreased by 3.0% ($25) in the last month and increased by 16.6% ($114) over the past year.

How competitive is the rental market in Caro, MI?

The rental market in Caro, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Caro, MI?

In Caro, MI, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Caro, MI?

There is currently 1 rental property available in Caro, MI.

Can I afford to rent a home in Caro, MI?

Based on the current averages, a household would need an annual income of $34,000 to comfortably afford a 2-bedroom home in Caro.