Zumper
modified
5+ Days Ago

Highlights

  • Stainless steel appliances
  • Modern finishes
  • Granite countertops
  • In-unit washers, dryers
  • Fully renovated modern finishes
  • Easy access

Location

641 Formwalt St Sw, Atlanta, GA 30312, USA|Mechanicsville
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Contact

Management

Stone Water Real Estate Management LLC

Leasing office

(844) 311-7019 ext. 6644

Property Overview

641 Formwalt Street Southwest has received a Zumper Expert Rating of 7.7, reflecting its strong appeal to renters. The property excels in various aspects, boasting top-notch amenities, a competitive price, and an outstanding location, with ratings of 8 for price and amenities and 9 for location. Notable features include modern finishes, stainless steel appliances, and in-unit washers and dryers, while it is also ranked in the 80th percentile for value among local properties, highlighting its overall worth.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.7
Very Good
641 Formwalt Street Southwest is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive

Great for

  • Social life

Floor plans

641 Formwalt Street Southwest - 22 bed1 bath600 sqft$1,300 /mo

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time.

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Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 641 Formwalt Street Southwest

HomeApartments in AtlantaMechanicsville 641 Formwalt Street Southwest

2bedroom/ 1 bath Renter is responsible for water and electric. Trash is covered. Renters insurance is required. 12 month lease only! Specials available!!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.7
/10
Very Good
641 Formwalt Street Southwest is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 641 Formwalt Street Southwest
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 641 Formwalt Street Southwest is a great option for renters looking for apartments in Mechanicsville. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 641 Formwalt Street Southwest is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
641 Formwalt Street Southwest is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 641 Formwalt Street Southwest does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
641 Formwalt Street Southwest provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

641 Formwalt Street Southwest is great for:

Social life

  • Areas nearby are accessible by walking
  • The area has transit options
  • 39 theaters, music venues, or sports arenas nearby
  • Diverse age groups live in this area

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 641 Formwalt Street Southwest compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Mechanicsville

2-bedroom apartments at 641 Formwalt Street Southwest cost about 35% less than the average rent price for 2-bedroom apartments in Mechanicsville.

Median rents as of Jan 17 2026.
Mechanicsville
Atlanta
A table of 1-bedroom apartment rental data trends in Atlanta
MonthMedian Rent
February 2024$1,670
March 2024$1,674
April 2024$1,699
May 2024$1,650
June 2024$1,662
July 2024$1,643
August 2024$1,636
September 2024$1,630
October 2024$1,598
November 2024$1,600
December 2024$1,638
January 2025$1,646
February 2025$1,619
March 2025$1,616
April 2025$1,608
May 2025$1,601
June 2025$1,608
July 2025$1,610
August 2025$1,644
September 2025$1,645
October 2025$1,618
November 2025$1,600
December 2025$1,608
January 2026$1,631
A table of 1-bedroom apartment rental data trends in Mechanicsville
MonthMedian Rent
February 2024$1,314
March 2024$1,221
August 2024$1,390
September 2024$1,395
October 2024$1,409
November 2024$1,357
December 2024$1,500
January 2025$1,500
February 2025$1,500
March 2025$1,500
April 2025$1,500
May 2025$1,500
June 2025$1,450
July 2025$1,450
August 2025$1,485
September 2025$1,355
October 2025$1,200
November 2025$1,400
December 2025$1,375
January 2026$1,400

Affordability calculator

Can I afford to live at 641 Formwalt St Sw?

Bedrooms

2 bedrooms

Rent-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.

Schools near 641 Formwalt Street Southwest

Dunbar Elementary School

500 whitehall ter sw

atlanta, GA, 30312

PK, K-5Public
C-
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Internet available near 641 Formwalt Street Southwest

Getting around Atlanta near 641 Formwalt St Sw

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
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
Popular public transit options are just a short walk from this location.

Points of interest for 641 Formwalt St Sw, Atlanta

Groceries

7/10
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 15-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

5/10
Some bars within a few minutes’ walk

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