5+ Days Ago
Highlights
Pet Friendly
- Urban living
- Easy access
Location
561 Formwalt St Sw #5, Atlanta, GA 30312, USA|Mechanicsville
Tour 561 Formwalt St Sw #5
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Property Overview
Located in an urban setting with easy access to amenities, this property features extensive visual representation with 76 photos, enhancing its appeal. Valued highly in terms of money compared to similar properties in the area, it also supports a pet-friendly lifestyle with multiple pet supply stores and grooming services in close proximity. Outdoor spaces further contribute to its attractive offerings.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
Great for
Pet owners
Amenities for 561 Formwalt St Sw #5, Mechanicsville
Apartment Amenities
| Dryer | Hardwood Floor |
| Heat Pump | Water |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Range/Oven | Refrigerator |
Building
| Cats OK | Dogs OK |
| Sewage |
Grounds
| Off-Street Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 561 Formwalt St Sw #5
Property Id: 1734579 Step into a world of convenience with this remarkable 2-bedroom, 1-bath condo in the heart of Mechanicsville, GA. Enjoy your private patio and include a Washer/Dryer. Call now four o four 2 o 7 2278. Embrace the ultimate in urban living, as this unit places you just minutes away from the vibrant pulse of metro Atlanta. Your proximity to iconic destinations is unbeatable: from the Georgia Dome and CNN Center to the artistic haven of Tyler Perry Studios. Dive into the essence of Atlanta at Centennial Olympic Park, the fascinating World of Coca-Cola, and the Georgia Aquarium. Pay tribute to history at the MLK Center and explore the dynamic charm of Buckhead. Plus, relish easy access to Zoo Atlanta, the Georgia World Congress Center, Mercedes-Benz Stadium, Philips Arena, and the airport.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 561 Formwalt Street Southwest, Atlanta, GA 30312, USA compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Mechanicsville |
|---|---|
| Zip code | 30312 |
| Type | Condo for rent |
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Rent trends in Mechanicsville
2-bedroom apartments at 561 Formwalt St Sw #5 cost about the same as the average rent price for 2-bedroom apartments in Atlanta.
Median rents as of Mar 7 2026.
Mechanicsville
Atlanta
| Month | Median Rent |
|---|---|
| March 2024 | $2,197 |
| April 2024 | $2,152 |
| May 2024 | $2,084 |
| June 2024 | $2,100 |
| July 2024 | $2,102 |
| August 2024 | $2,108 |
| September 2024 | $2,091 |
| October 2024 | $2,081 |
| November 2024 | $2,029 |
| December 2024 | $2,072 |
| January 2025 | $2,069 |
| February 2025 | $2,083 |
| March 2025 | $2,090 |
| April 2025 | $2,103 |
| May 2025 | $2,071 |
| June 2025 | $2,003 |
| July 2025 | $2,000 |
| August 2025 | $2,016 |
| September 2025 | $2,000 |
| October 2025 | $1,997 |
| November 2025 | $2,031 |
| December 2025 | $2,012 |
| January 2026 | $2,023 |
| February 2026 | $2,012 |
| March 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,900 |
| April 2024 | $1,752 |
| July 2024 | $2,046 |
| August 2024 | $2,138 |
| September 2024 | $1,912 |
| October 2024 | $1,900 |
| November 2024 | $1,722 |
| December 2024 | $1,800 |
| January 2025 | $2,175 |
| February 2025 | $1,641 |
| March 2025 | $1,575 |
| April 2025 | $1,687 |
| May 2025 | $1,645 |
| June 2025 | $1,970 |
| July 2025 | $2,480 |
| August 2025 | $2,023 |
| September 2025 | $2,027 |
| October 2025 | $1,500 |
| November 2025 | $2,092 |
| December 2025 | $2,060 |
| January 2026 | $1,903 |
| February 2026 | $1,349 |
Affordability calculator
Can I afford to live at 561 Formwalt St Sw #5?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| Last month | $1,150 | 2 bed | 1 bath | ||
| 6 months ago | $1,500 | 2 bed | 1 bath | ||
| 7 months ago | $1,150 | 2 bed | 1 bath | ||
| 7 months ago | $1,150 | 2 bed | 1 bath | ||
| 1 year ago | $1,250 | 2 bed | 1 bath | ||
| 1 year ago | $1,650 | 2 bed | 1 bath | ||
| 1 year ago | $1,650 | 2 bed | 1 bath | ||
| 1 year ago | $1,200 | 2 bed | 1 bath | ||
| 2 years ago | $1,350 | 2 bed | 1 bath |
Schools near 561 Formwalt St Sw #5
Dunbar Elementary School
500 whitehall ter sw
atlanta, GA, 30312
PK, K-5Public
C-
Michael R. Hollis Innovation Academy
225 james p brawley dr nw
atlanta, GA, 30314
PK, K-8Public
C
Atlanta Children's Shelter
607 peachtree st ne
atlanta, GA, 30308
PKPublic
Tuskegee Airman Global Academy
1625 westhaven dr sw
atlanta, GA, 30311
PK, K-5Public
C-
Whitefoord Early Learning Program
35 whitefoord ave
atlanta, GA, 30317
PKPublic
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Internet available near 561 Formwalt St Sw #5
Getting around Atlanta near 561 Formwalt St Sw #5
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 561 Formwalt St Sw #5, Atlanta
Groceries
6/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Other units at this address
561 Formwalt Street Southwest, Atlanta, GA
561 Formwalt Street Southwest Atlanta, GA
Occupied
10
2 Beds
1 Bath
$700
Occupied
6
2 Beds
1 Bath
$800
In-Unit Laundry
Occupied
7
2 Beds
1 Bath
$950
Ceiling Fan • Central Heat • Air Conditioning • Deck
Occupied
11
2 Beds
1 Bath
$950
Occupied
8
2 Beds
1 Bath
$1,200
In-Unit Laundry • Hardwood Floor • Dishwasher • Microwave • Assigned Parking
Occupied
#3
2 Beds
1 Bath
$1,650
In-Unit Laundry • Central Heat • Dishwasher • Ceiling Fan • On-Site Laundry • Microwave
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