3 Days Ago
Highlights
Pet Friendly
Location
703 Formwalt Street Southwest, Atlanta, Georgia 30315, United States|Mechanicsville
Tour 703 Formwalt Street Southwest
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MarketPlace Homes III
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Property Overview
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
Great for
Pet owners
Amenities for 703 Formwalt Street Southwest, Mechanicsville
Apartment Amenities
| Carpet |
Building
| Cats OK | Dogs OK |
Grounds
| Outdoor Space |
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
All Policy
Allowed
Questions about this property’s policies and fees?
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About 703 Formwalt Street Southwest
Home
Houses in AtlantaMechanicsville 703 Formwalt Street Southwest, Atlanta, Georgia 30315, United States
Houses in AtlantaMechanicsville 703 Formwalt Street Southwest, Atlanta, Georgia 30315, United States
Sweet deal!
This listing is 35% below the median price for 3 bedroom apartments in Mechanicsville.
Charming, updated home on a corner lot! Welcome to this beautifully refreshed single-family home featuring stylish fixtures, neutral finishes, and zero carpet—wood-look flooring runs seamlessly throughout every room for easy living and a modern feel. Situated on a desirable corner lot, this home offers great curb appeal and extra outdoor space. The kitchen and living areas flow comfortably, creating an ideal setting for daily living or entertaining. Each room enjoys abundant natural light and contemporary design elements that make the home feel warm, open, and move-in ready. A spacious porch extends your living space outdoors—ideal for morning coffee or hosting friends. A rare find with great style and functionality, schedule your showing today before it's gone! BEWARE OF SCAMMERS. Only apply for this home through MarketplaceHomes com We DO NOT advertise on Facebook Marketplace or, and we will NEVER ask you to wire money or pay in cash. WHY RENT WITH US? We know the true champions of real estate are you—the residents who turn a house into a home. That’s why we’ve created the Live In It Like You Own It program: a one-of-a-kind opportunity to turn renting into a tool for building wealth and credit. HOW IT WORKS: • Earn Quarterly Rebates: Get rewarded for simply taking care of your home and paying rent on time—rebates are deposited directly into a wealth-building account. • Grow Your Savings: Watch your account grow over time while renting. • Build Your Credit: On-time rent payments are reported to help boost your credit score and set you up for future financial success. Partner with us and let your rent become a stepping stone to a brighter financial future! Inquire today to learn more! The price listed is based on a 12-month lease for an approved applicant. Prices and special offers are valid for new residents only. All leasing information is believed to be accurate; however, prices and special offers may change without notice and are not guaranteed until the application has been approved. Additional fees may apply, including a $175 lease administration fee, damage waiver fee, and pet fees (where applicable). Contact us to schedule a showing.
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 703 Formwalt Street Southwest compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Mechanicsville |
|---|---|
| Zip code | 30315 |
| Type | House for rent |
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Rent trends in Mechanicsville
3-bedroom apartments at 703 Formwalt Street Southwest cost about 35% less than the average rent price for 3-bedroom apartments in Atlanta.
Median rents as of Dec 6 2025.
Mechanicsville
Atlanta
| Month | Median Rent |
|---|---|
| December 2023 | $2,174 |
| January 2024 | $2,225 |
| February 2024 | $2,250 |
| March 2024 | $2,286 |
| April 2024 | $2,284 |
| May 2024 | $2,245 |
| June 2024 | $2,318 |
| July 2024 | $2,308 |
| August 2024 | $2,298 |
| September 2024 | $2,256 |
| October 2024 | $2,200 |
| November 2024 | $2,168 |
| December 2024 | $2,160 |
| January 2025 | $2,131 |
| February 2025 | $2,180 |
| March 2025 | $2,199 |
| April 2025 | $2,231 |
| May 2025 | $2,296 |
| June 2025 | $2,241 |
| July 2025 | $2,272 |
| August 2025 | $2,292 |
| September 2025 | $2,261 |
| October 2025 | $2,200 |
| November 2025 | $2,220 |
| December 2025 | $2,259 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,813 |
| January 2024 | $2,806 |
| February 2024 | $2,300 |
| March 2024 | $2,156 |
| April 2024 | $2,122 |
| May 2024 | $2,598 |
| June 2024 | $2,260 |
| July 2024 | $2,748 |
| August 2024 | $2,662 |
| September 2024 | $2,338 |
| October 2024 | $2,238 |
| November 2024 | $2,210 |
| December 2024 | $2,010 |
| January 2025 | $1,908 |
| February 2025 | $1,939 |
| March 2025 | $1,848 |
| April 2025 | $2,228 |
| May 2025 | $2,214 |
| June 2025 | $2,237 |
| July 2025 | $2,000 |
| August 2025 | $2,058 |
| September 2025 | $2,043 |
| October 2025 | $2,143 |
| November 2025 | $2,440 |
| December 2025 | $2,625 |
Affordability calculator
Can I afford to live at 703 Formwalt Street Southwest?
Bedrooms
3 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
$67,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this 3-bedrooms monthly rent price of $1,695.
For more information on rent affordability, visit our rent calculator.
Schools near 703 Formwalt Street Southwest
Dunbar Elementary School
500 whitehall ter sw
atlanta, GA, 30312
PK, K-5Public
C-
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Internet available near 703 Formwalt Street Southwest
Neighborhood
Mechanicsville | Atlanta, GA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Atlanta near 703 Formwalt Street Southwest
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
5/10
Frequent public transit options are within walking distance.
Points of interest for 703 Formwalt Street Southwest, Atlanta
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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