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Updated 3 days ago

Parkwood Arms Apartments


318 - 320 Island Drive Madison, WI

1 - 2 Bed
•
1 Bath

614 - 825 Sq. Ft.
1 Bed • 1 Bath
$807
614 ft2
1 Available
Managed By: Parkwood Arms
Updated over 1 month ago

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320-16
$807
Available: Ask
View
1 Bed • 1 Bath
$817
685 ft2
1 Available
Managed By: Parkwood Arms
Updated over 1 month ago

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320-19 Corner Unit
$817
Available: Ask
View
2 Beds • 1 Bath
$907 - $917
825 ft2
2 Available
Managed By: Parkwood Arms
Updated over 1 month ago

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318 Island Dr. South Facing Unit
$907
Available: Ask
View
318 Island Dr. #5 Garden View
$917
Available: Ask
View
Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
56
Somewhat Walkable
Amenities
On-site Laundry
Heat Included
Air Conditioning
Storage
Refrigerator
Garbage Disposal
Trash Removal Included
Walk In Closets
Public Transportation
Controlled Access
On Bus Line
Water Included
Pet Free
Large Closets
Near Campus
Near Fire Department
Near Grocery Store
Near Hospital
Smoke-free Community
24-hour Maintenance
Secured Entry
Bath Tub
Intercom System
High-speed Internet
Cable-ready
Double Pane / Storm Windows
Ceiling Fans
Heat: Forced Air
Yard
Freezer
Range / Oven
Dining Room
Living Room
Carpet
Fees & leasing info
Parking
Surface Parking
On-street Parking
Off-street Parking
Lease & Fees
Security Deposit: One Month Rent
Lease Length: 12 months
Other: $18 credit reporting fee
Property details
Description

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:

** FREE HEAT
**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 3 days ago
Contact Number: (608) 231-3467
Property manager information
Parkwood Arms
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Photos Floor Plans Amenities
Affordability
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:
$29,200
per year
2 Bedroom
Suggested income:
$32,800
per year
Rent report

Parkwood Arms Apartments Rent vs. Madison Average

 Parkwood Arms Apartments      Madison Average
1BR
$812
$1,592
$0
$550
$1,100
$1,650
$2,200
2BR
$912
$2,045
$0
$700
$1,400
$2,100
$2,800

Parkwood Arms Apartments is asking 55% less than the average 2 bedroom apartment in Madison.

If you upsized to an average priced Madison 3 bedroom apartment, you would pay 12% more per month.

If you downsized to an average priced Madison 1 bedroom apartment, you would pay 28% less per month.

Parkwood Arms Apartments provides 21% 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 $1,319 $2.90 $3,958
1BR $1,592 $2.30 $4,775
2BR $2,045 $2.00 $6,135
3BR $2,336 $1.70 $7,008
4BR $2,229 $1.50 $6,686

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 2,000 2BR units on the market in Madison. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
15% 32% 40% 10% 2%
Available Units in Madison
Studio 748
1BR 1,598
2BR 2,000
3BR 527
4BR 109
Location
Nearby Colleges
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.
FAQs
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.
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