Listed 5+ Days Ago
Location
562 Formwalt St Sw #7, Atlanta, GA 30312, USA|Mechanicsville
Tour 562 Formwalt St Sw #7
Contact
M Squared Property Management
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Property Overview
I’m missing the actual “Pros,” “Great for,” and “notable features” details for 562 Formwalt St SW #7, Atlanta, GA 30312, so I can’t write an accurate summary yet. Please share those three sets of findings, and I’ll turn them into a concise 2–3 sentence summary under 100 words.
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
Social life
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
About 562 Formwalt St Sw #7
Sweet deal!
This listing is 11% below the median price for 2 bedroom apartments in Mechanicsville.
Welcome to this charming 2-bedroom, 1-bath condo. The home features a bright, open living space and a modern kitchen equipped with granite countertops and stainless steel appliances. Conveniently located near downtown Atlanta, shopping, dining, and major highways, this home offers comfort and convenience in a great location. --- Please note that all applicants must meet the standard qualifications commonly required by professional property management companies. These include but are not limited to the following: - Income Requirement: Applicants must provide verifiable income equal to at least 2.5 times the monthly rent. - Credit History: A credit score of 600 or higher is preferred. Lower scores may require additional security deposits or guarantors. - Rental History: A minimum of 2 years of positive rental history is required. Applicants with prior evictions, late payments, or outstanding landlord debts may be declined. - Background Check: All occupants 18 years or older are subject to a criminal and eviction background screening. - Employment Verification: Proof of current, stable employment or sufficient recurring income is required. - Occupancy Limit: No more than 2 persons per bedroom as per local housing standards. - Pet Policy: Pets are accepted on a case-by-case basis, subject to pet screening, applicable fees, and owner approval. - Security Deposit & Fees: A refundable security deposit (typically equal to one month’s rent) and non-refundable administrative fee are due prior to move-in. Note: Failure to meet any of the above criteria does not automatically disqualify an applicant, but additional conditions (such as a higher deposit or co-signer) may apply.
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 562 Formwalt Street Southwest, Atlanta, GA 30312, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than 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 1.4 miles away
- Pet restrictions
- Pets aren't allowed at this location.
Address details
| Neighborhood | Mechanicsville |
|---|---|
| Zip code | 30312 |
| Type | Condo for rent |
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Rent trends in Mechanicsville
2-bedroom apartments at 562 Formwalt St Sw #7 cost about 11% less than the average rent price for 2-bedroom apartments in Atlanta.
Median rents as of Oct 17 2026.
Mechanicsville
Atlanta
| Month | Median Rent |
|---|---|
| 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 | $2,001 |
| April 2026 | $2,034 |
| May 2026 | $2,051 |
| June 2026 | $2,092 |
| July 2026 | $2,100 |
| August 2026 | $2,092 |
| September 2026 | $2,041 |
| October 2026 | $2,018 |
| Month | Median Rent |
|---|---|
| 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 |
| July 2026 | $1,832 |
| August 2026 | $1,866 |
| September 2026 | $1,878 |
| October 2026 | $1,904 |
Affordability calculator
Can I afford to live at 562 Formwalt St Sw #7?
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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 2-bedrooms monthly rent price of $1,650.
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 | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,295 | 1 bed | 1 bath | ||
| 4 years ago | $1,075 | 1 bed | 1 bath | ||
| 11 years ago | $1,000 | 2 bed | 1 bath | ||
| 11 years ago | $1,000 | 2 bed | 1 bath | ||
| 11 years ago | $1,000 | 2 bed | 1 bath | ||
| 11 years ago | $725 | 1 bed | 1 bath | ||
| 11 years ago | $695 | 1 bed | 1 bath |
Schools near 562 Formwalt St Sw #7
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
Getting around Atlanta near 562 Formwalt St Sw #7
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 562 Formwalt St Sw #7, Atlanta
Groceries
8/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide 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
8/10
Wide variety of bars within a few minutes' walk
Other units at this address
562 Formwalt Street Southwest, Atlanta, GA
562 Formwalt Street Southwest Atlanta, GA
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$725
In-Unit Laundry • Hardwood Floor • Dishwasher • Air Conditioning
Occupied
5
1 Bed
1 Bath
$1,295
In-Unit Laundry • On-Site Laundry • Microwave • Hardwood Floor • Dishwasher
Occupied
2 Beds, 1 Bath
2 Beds
1 Bath
$1,000
Carpet • Hardwood Floor • Walk-In Closets
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