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Parkwood Arms Apartments

318 - 320 Island Drive Madison, WI

67 Photos
Updated over 1 month ago
Contact property manager for current availability
$807 - $917
1 - 2 Bed
1 Bath

614 - 825 Sq. Ft.
Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
Somewhat Walkable
Floor plans
1 Bed • 1 Bath
614 ft2
1 Available
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Available: Ask
1 Bed • 1 Bath
685 ft2
1 Available
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320-19 Corner Unit
Available: Ask
2 Beds • 1 Bath
$907 - $917
825 ft2
2 Available
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318 Island Dr. South Facing Unit
Available: Ask
318 Island Dr. #5 Garden View
Available: Ask
On-site Laundry
Heat Included
Air Conditioning
Garbage Disposal
Trash Removal Included
Walk In Closets
Public Transportation
Controlled Access
On Bus Line
Water Included
Heat: Forced Air
Secured Entry
Near Fire Department
Dining Room
Pet Free
Bath Tub
Near Grocery Store
Living Room
Double Pane / Storm Windows
Smoke-free Community
Large Closets
Intercom System
Near Hospital
Ceiling Fans
24-hour Maintenance
Near Campus
Range / Oven
High-speed Internet
Fees & leasing info
Surface Parking
Off-street Parking
On-street Parking
More Info:


Lease & Fees
Security Deposit: One Month Rent
Lease Length: 12 months
Other: $18 credit reporting fee
Property details

Parkwood Arms Apartments is a meticulously maintained, owner-managed community on the near west side of Madison. Our apartments are roomy and light with an open-flow floor plan, an abundance of closets, storage and pantry space, ceiling fans in the bedroom and dining area, air conditioning, brand new windows and drapery, large galley kitchen and always freshly updated, painted and cleaned (including carpets!) to welcome a new resident home. Each unit's rent includes:

**Assigned off-street parking
**5'x10' storage unit
**On-site laundry with updated machines and a library
**Security locked entrance/intercom system
**Beautiful grounds, gardens and greenspace

Our two buildings are lovingly maintained and cleaned regularly. We have an on-site resident liaison who is vigilant in overseeing the security and appearance of the property and available for in-person help (i.e. lock-outs, borrowing shovels/vacuums, etc.).

Additionally, we take great care to screen every applicant to ensure that all residents of Parkwood Arms are responsible and respectful of the property and their neighbors. We consider our residents our most valued clients and work hard to ensure each person feels comfortable in their home here and that we exceed expectations!

Additional Details
Year Built: 1967
Storage: 6'x8" storage unit included in rent
Total Unit Count: 41
Last Updated: Updated over 1 month ago
Contact Number: (608) 231-3467
Nearby Hospitals
Name Distance
William S. Middleton Memorial Veterans Hospital 2.94 mi.
Uw Hospital 2.94 mi.
Unitypoint Health Meriter Child And Adolescent Psych Hospital 3.56 mi.
Nearby Fire Stations
Name Distance
Middleton Fire Department 2.64 mi.
Middleton Fire Department 2.7 mi.
Madison Town Fire Department 4.41 mi.
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months.
What's the square footage of the available units?
The available units range from 614 to 825 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
Where is this property located?
This property is at 318 - 320 Island Drive in Madison, WI. It's 4.8 miles west from the center of Madison.
Rent report

Parkwood Arms Apartments Rent vs. Madison Average

Parkwood Arms Apartments is asking 51% less than the average 2 bedroom apartment in Madison.

If you upsized to an average priced Madison 3 bedroom apartment, you would pay 10% more per month.

If you downsized to an average priced Madison 1 bedroom apartment, you would pay 42% less per month.

Parkwood Arms Apartments provides 10% less square footage than the average Madison 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Parkwood Arms Apartments
1BR $812 $1.30 $2,436
2BR $912 $1.10 $2,736
Madison Average
Studio $1,040 $2.90 $3,120
1BR $1,328 $2.10 $3,985
2BR $1,880 $2.00 $5,640
3BR $2,086 $1.60 $6,257
4BR $2,201 $1.60 $6,604

Availability in Madison

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,615 2BR units on the market in Madison. If you're looking to negotiate, this may be your best option.

Available Units in Madison
Studio 617
1BR 1,044
2BR 1,615
3BR 597
4BR 165
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Parkwood Arms Apartments by bedroom type below.
1 Bedroom
Suggested income:
per year
2 Bedroom
Suggested income:
per year
Property manager information
Parkwood Arms
Nearby Colleges
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