Quantum mechanics DOES apply to strings! In "ordinary"QM particles are pointlike, so they are 0-dimensional (you don't need any coordinate to express your position on something pointlike, right?). String theory says that particles are excitations of 1-dimensional objects called strings. Quantizing this theory gives a spectrum of particles which can be generated as excitations of such a string.
However, the string lengt is a very small number, way smaller than we can measure nowadays, so it appears to us that particles are really 0-dimensional. But string theorists know better :P
The reason why we use strings, and not higher dimensional objects to represent particles, has some technical reasons, but is not as arbitrary as may look at first sight.