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Pencil Factory Flats 1 of 8

Pencil Factory Flats

$1,170 – $2,833/mo

  • Studio–2 bedrooms
  • 1–3 baths
  • 585–1,566 sq ft
  • 19 units available
  • Pet friendly
349 Decatur St Se, Atlanta, GA, 30312

As of October 14, 2026, Pencil Factory Flats in Atlanta, GA has 19 apartments for rent from $1,170 to $2,833/mo. Studios start at $1,170, one-bedrooms at $1,328, and two-bedrooms at $1,661. The average asking rent has risen 2% since March 25, 2026, from $1,719 to $1,754.


Floor plans

Pencil Factory Flats has 19 units available across 8 floor plans: 2 studio layouts (585–695 sq ft), 2 one-bedroom layouts (892–909 sq ft), and 4 two-bedroom layouts (1,147–1,566 sq ft). Prices checked October 14, 2026.

S1

Studio • 1 Bath • 585 Sq Ft

Starting at $1,170/mo

3 available unitsPriceSq ftAvailableOpen unit
1209$1,246585Oct 9
1313$1,309585Oct 9
1301$1,170585Oct 16

S1A

Studio • 1 Bath • 695 Sq Ft

Starting at $1,340/mo

1 available unitPriceSq ftAvailableOpen unit
3409$1,340695Sep 29

A5

1 Bedroom • 1 Bath • 892 Sq Ft

Starting at $1,328/mo

7 available unitsPriceSq ftAvailableOpen unit
1516$1,606892Oct 7
2305$1,659892Oct 9
2303$1,328892Oct 16
1518$1,328892Oct 23
3304$1,693892Nov 7
2302$1,728892Nov 7
1418$1,803892Dec 7

A6

1 Bedroom • 1 Bath • 909 Sq Ft

Starting at $1,772/mo

1 available unitPriceSq ftAvailableOpen unit
3519$1,772909Sep 29

B2

2 Bedrooms • 1 Bath • 1,147 Sq Ft

Starting at $1,661/mo

2 available unitsPriceSq ftAvailableOpen unit
3310$1,6611,147Oct 7
1217$1,8311,147Oct 10

B5

2 Bedrooms • 2 Baths • 1,237 Sq Ft

Starting at $1,875/mo

1 available unitPriceSq ftAvailableOpen unit
1404$1,8751,237Oct 3

B5A

2 Bedrooms • 2 Baths • 1,321 Sq Ft

Starting at $1,986/mo

2 available unitsPriceSq ftAvailableOpen unit
1212$2,0461,321Sep 29
3303$1,9861,321Oct 16

C6

2 Bedrooms • 3 Baths • 1,566 Sq Ft

Starting at $2,478/mo

2 available unitsPriceSq ftAvailableOpen unit
3503$2,4781,566Jul 13
1503$2,8331,566Oct 16

See all 86 units listed at Pencil Factory Flats, including ones no longer available.


Cost to rent here

At Pencil Factory Flats, a studio starts at about $1,595 a month all-in: $1,170 rent, $250 in listed fees, and an estimated $175 for electric and gas, internet, and renters insurance. A one-bedroom starts at about $1,761 and a two-bedroom at about $2,136.

All-in from$1,595/mo

Estimates are local averages, not quotes from the property.

Can you afford it?

Most landlords ask for a monthly income of about 3× the rent, so qualifying at Pencil Factory Flats takes about $42,120 a year for a studio, $47,808 for a one-bedroom, and $59,796 for a two-bedroom. Keeping the $1,595 all-in month for a studio within 35% of take-home pay takes an income of about $70,700 a year.

Total monthly housing cost

$1,595/mo

Income to afford it comfortably

$70,700/yr

Income to qualify

$42,120/yr

Your estimated budget

Suggested rent budget, Studio

$ —/mo

See what you can afford here

Add your income and debts for a rent budget at this building.

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Rent history

Over the past year, the average asking rent at Pencil Factory Flats has ranged from $1,678 to $1,917. The current average is $1,754, up $35 (2%) from $1,719 at the start.

Prices reflect the average advertised rent across units listed as available each day (165 days observed).

Fees & lease terms

The listing for Pencil Factory Flats shows $250.12 a month in fees (internet services $70, storage space rental $50, trash services doorstep $30, and 6 more) and $1,187 due at signing (security deposit $500, pet fee $300, administrative fee $250, and 4 more).

  • Rent

    $1,170 – $2,833/mo
  • Earliest move-in

    Jul 13

Monthly fees

Internet Services

$70/mo

Parking - Garage

$20/mo

Pest Control Services

$5/mo

Pet Rent

$25/mo

Renters Liability/Content - Property Program

$15/mo

Storage Space Rental

$50/mo

Trash Services - Doorstep

$30/mo

Utility - Billing Administrative Fee

$5.12/mo

Washer/Dryer Rental

$30/mo

Due at signing

Access Device

$30

Administrative Fee

$250

Application Fee

$75

Pet Fee

$300

Security Deposit (Refundable)

$500

Utility - Final Bill Fee

$15

Utility - New Account Fee

$17

Amenities

Pencil Factory Flats is pet friendly and has garage or covered parking and in-unit washers and dryers. It lists 17 amenities, including fitness center, swimming pool, and patio/balcony.

  • Air Conditioning

  • Dishwasher

  • Expansive Retail Shopping

  • Fitness Center

  • Fitness Center With Cardio Gym

  • Gated Access

  • Immediate Access To I-75/85 And I-20

  • Parking Deck

  • Patio/Balcony

  • Pet Friendly

  • Resort Style Pool And Outdoor Cabanas

  • Smoke Free

  • Social Courtyard With Grills & Fountains

  • Stellar Views Of Downtown & Midtown

  • Swimming Pool

  • Walk-In Closets

  • Washer/Dryer


Amenity photos

  • Pool
    3 photos
  • Gym
  • Grill area
  • Lobby

Location

349 Decatur St Se, Atlanta, GA, 30312


Resident reviews

Pencil Factory Flats has a 3.7 out of 5 rating from more than 200 resident reviews. Residents rate maintenance (2.7) and management (2.5) highest and amenities and shared spaces (1.6) lowest.

3.7 · 200+ reviews
Overall rating
Positive
Mixed
Neutral
Negative
Management2.5
Amenities and Shared Spaces1.6
Building Quality1.7
Maintenance2.7
Location2.4
Overall100 reviews

Pencil Factory Flats experiences a stark divide in resident satisfaction, with significant operational and maintenance challenges offsetting its strong location near MARTA and downtown Atlanta. While leasing and maintenance staff receive consistent praise for professionalism and responsiveness, persistent issues including frequent elevator outages, pest infestations, security vulnerabilities, inconsistent trash valet service, and slow maintenance response times create frustration for many residents. Management turnover and communication gaps compound these problems, though recent management changes have shown some improvement in resident engagement and issue resolution.

Management responsiveness and communication are the primary concerns, with residents reporting frequent staff turnover, delayed maintenance responses, and inconsistent policy enforcement. While some recent reviews praise improved management, the majority of feedback highlights billing issues, security vulnerabilities, and unresolved maintenance problems. Positive experiences are concentrated among residents who interacted with specific staff members, suggesting inconsistency in service delivery across the property.

Residents report pervasive issues with amenities, shared spaces, and maintenance across this property. Elevators frequently break down for extended periods, valet trash service is inconsistent despite mandatory charges, and the package room lacks security with regular theft reported. Common areas including hallways, stairwells, and parking areas are consistently described as dirty with odor problems, while gym equipment remains broken and pool access is frequently restricted.

Residents report significant building quality concerns including frequent elevator outages lasting weeks to months, persistent pest infestations (particularly roaches), deteriorating cleanliness with hallways and stairwells consistently smelling of trash and urine, and thin walls allowing noise to travel between units. Security vulnerabilities are widespread, with broken access doors and gates allowing unauthorized entry, leading to vehicle break-ins and package theft. The property shows visible signs of aging and deferred maintenance, with mold, peeling paint, and broken appliances common across units.

Maintenance staff are consistently praised for responsiveness and professionalism, with several residents noting quick repairs and helpful service. However, systemic issues persist: work orders frequently experience long delays or go unaddressed for weeks or months, HVAC failures are widespread and prolonged, and follow-up communication is often inadequate. The contrast between individual maintenance team performance and overall property maintenance outcomes suggests resource constraints and management coordination challenges.

The property benefits from a strong location near MARTA transit, Georgia State University, and downtown amenities, which residents consistently cite as the primary reason for choosing it. However, this advantage is significantly undermined by persistent security concerns including non-functional access gates and doors, frequent vehicle break-ins, and unauthorized individuals in hallways. Residents report ongoing maintenance issues such as chronic elevator outages lasting weeks to months, inconsistent valet trash service despite mandatory fees, and slow response times for repairs. Common area cleanliness is a recurring complaint, with hallways and stairwells frequently described as unsanitary.

Summaries are written by AI from reviews residents posted on public review sites such as Google and ApartmentRatings. Each topic shows how many of those reviews discuss it.

Getting around

Pencil Factory Flats is very walkable and bikeable, and transit is excellent.

Walking
Very walkable
Grade A
Transit
Excellent
Grade B
Biking
Bikeable
Grade C

Climate and air quality

Air quality near Pencil Factory Flats was good on 122 of the past 365 days, and at its worst in August (average AQI 64, moderate). Daily highs averaged 90°F in July, the warmest month, and lows averaged 35°F in January, the coldest.

Air quality

122 good-air days

of the past 365

: Moderate, AQI 79

Temperature

90° / 35°

average July high / January low

: 85° high, 61° low

Pollen

Moderate

Oct 14–18 forecast

Tree: very low, grass: very low, weed: moderate

MonthAverage highAverage lowAverage AQIGood-air days
January52°F35°F58 (moderate)13 of 31
February59°F40°F53 (moderate)15 of 28
March71°F49°F53 (moderate)11 of 31
April78°F56°F55 (moderate)10 of 30
May79°F61°F53 (moderate)9 of 31
June85°F68°F56 (moderate)6 of 30
July90°F73°F63 (moderate)4 of 31
August90°F71°F64 (moderate)0 of 31
September88°F68°F60 (moderate)7 of 30
October74°F56°F48 (good)19 of 31
November65°F45°F47 (good)18 of 30
December56°F37°F59 (moderate)10 of 31
Daily readings from Oct 15, 2025 to Oct 14, 2026. The pollen chart shows typical US seasons.

About this property

Pencil Factory Flats is a 188-unit building in Atlanta, GA.

Welcome to Pencil Factory Flats, a boutique collection of studio, one, and two bedroom apartment homes in Atlanta. Cutting-edge amenities, meticulously groomed grounds, and a dedicated staff contributes to a higher standard of living. With easy access to the Beltline and world-class dining at Krog St. Market not to mention the property's own expansive retail options and amenities, Pencil Factory Flats offers the convenience you have worked hard to deserve.

  • Building

    Apartment · Mid-Rise
  • Total units

    188

Nearby schools

The closest school to Pencil Factory Flats is Wesley International Academy, a charter middle school 0.3 miles away. The closest public school is Hope Hill Elementary School, 0.6 miles away.

SchoolTypeLevelDistance

Wesley International Academy

Charter · Middle
CharterMiddle0.3 mi

South Atlanta Child Development Center #1

Private · Preschool
PrivatePreschool0.3 mi

Martin Luther King Junior Child Development

Private · Preschool
PrivatePreschool0.5 mi

Loving Arms Child Development Center

Private · Preschool
PrivatePreschool0.6 mi

Hope Hill Elementary School

Public · Elementary
PublicElementary0.6 mi

St Nicholas Orthodox Academy

Private · Middle
PrivateMiddle0.7 mi

Genesis Child Development Center

Private · Preschool
PrivatePreschool0.7 mi

The New School

Private · High
PrivateHigh0.7 mi

The New School Atlanta

Private · High
PrivateHigh0.7 mi

The Children's Garden Preschool

Private · Preschool
PrivatePreschool0.8 mi

Contact & management

Pencil Factory Flats is managed by Greystar. The leasing office's phone number is 404-525-7000.


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