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Prescott · Michigan

Prescott, MI Landlord Laws 2026

Every housing law that applies to Prescott landlords — security deposits, eviction rules, rent increases, and more. Updated for 2026.

Based on Michigan state law.

Prescott Rental Market in 2026

$989

median 2BR rent

228

population

$1,483

max security deposit

Prescott landlords must comply with Michigan state landlord-tenant laws. At a median 2-bedroom rent of $989/month, understanding deposit caps, notice periods, and eviction rules can save you thousands in penalties.

Local Housing Market Data

The HUD Fair Market Rent for a 2-bedroom in Prescott is $989/month, which affects Section 8 voucher amounts and affordable housing calculations.

Key Takeaways for Prescott Landlords

  • Security deposit: Capped at 1 month's rent ($1,483 at median rent). Must return within 30 days or face penalties up to $1,978.

Many Prescott landlords weigh these compliance costs against hiring a property manager. How much does a property manager cost?

Michigan Laws That Apply in Prescott

Michigan Truth in Renting Act

Mich. Comp. Laws §554.631 et seq.

Prohibits unconscionable lease provisions and regulates lease terms in Michigan.

Michigan Security Deposit Act

Mich. Comp. Laws §554.601 et seq.

Governs security deposit collection, holding requirements, deductions, and return timelines.

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Check Your Property's Compliance

Don’t Risk Penalties

At Prescott’s median rent of $989/month, a single deposit violation could cost you $1,978+. A wrongful eviction can cost thousands more in court fees, relocation payments, and damages. Know the rules before they cost you.

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Michigan requires landlords to track 30-day deposit deadlines, eviction notice rules, and late fee limits.

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How we researched this page: This guide is based on Michigan state statutes, verified against official government sources. Rent data comes from HUD Fair Market Rents (FY2026). Last updated: August 2026.
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Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.

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