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Studio Apartment for Rent in Cadillac, MI

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    Starting at $853 Per Month

    • Studio - 2 Beds

    207 S Mitchell St, Cadillac, MI 49601

    This four-story, new construction building is located on the corner of South Mitchell Street and East Cass Street in beautiful downtown Cadillac! The building is constructed of energy efficient materials including steel framing, brick exterior, high-quality, large fiberglass windows, R-21 insulation on exterior walls, sound insulation between units, solid core doors and LED lighting. The first

    Cadillac Lofts

    207 S Mitchell St, Cadillac, MI 49601

Why Live in Cadillac

Cadillac, Michigan, located in the "up north" region known for its lakes and forests, offers a quieter alternative to the more crowded Traverse City. With a population of just over 10,000, Cadillac combines small-town charm with a robust industrial sector supporting year-round residents. The city features a diverse housing market, with homes built between 1900 and 2000, and modern condo units downtown. Outdoor attractions are a major draw, including Lake Cadillac and Lake Mitchell for boating and fishing, Mitchell State Park for camping, and Caberfae Peaks ski resort 15 miles away. Cadillac's downtown district, situated on Lake Cadillac's banks, is lined with vintage storefronts and hosts Cadillac Commons, a lakeside park with walking trails, a splash pad, and a farmers market. Festivals such as the Fourth of July celebration, Festival of the Arts, and Cadillac Beer Festival highlight local culture. Cadillac High School is famous for its association with the rock band KISS, commemorated by a monument. Winters are long and snowy, with temperatures often below freezing from November to April. Some properties may need water testing for PFAS contamination, though municipal water remains unaffected. Traverse City is 50 miles away, and Grand Rapids is 95 miles south, with U.S. Route 131 providing the fastest route to larger cities.

Frequently Asked Questions

How much does it cost to rent a home in Cadillac, MI?
The median rent for a home in Cadillac, MI is $1,050 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Cadillac, MI?
To comfortably afford the median rent in Cadillac, MI, a household needs to earn roughly $42,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,050 per month in Cadillac, MI, renters typically need to show $3,150 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cadillac, MI?
In Cadillac, MI, the price-to-rent ratio is 15.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,050
Median Single Family Home Rent
$1,050
Median Condo Rent
$1,050
How to Rent a Home