Photos












- 2–3 Bedrooms
- $1,680-$2,150Pricing
- 1,300–2,200Square Feet
About Parkwood Lake Apartments
Find your home at Parkwood Lake Apartments in Franklin, WI. Seven buildings set over 15.5 sprawling acres. Parkwood Lake is perfectly located for those looking to live outside of the hustle and bustle of the city while maintaining an easy commute to downtown Milwaukee. Parkwood Lake offers spacious apartment homes and bi-level lofted units with plenty of space! Every apartment comes with two indoor, parking spaces, central AC, in-home washer and dryer, gas fireplace, whirlpool bathtub, and more! Learn more about our great amenities, our beautiful neighborhood, and our well-equipped apartment homes for rent in Franklin. Check out our floor plans, view the photo gallery, and when you’re ready, schedule a tour of your future home in Franklin, WI!
Parkwood Lake Apartments is located in the 53132 Zip code of Franklin, WI. This community is professionally managed by Joseph Property Development
Unique Features and Amenities
- Full Size Stacked Washer and Dryer
- Gas Fireplace
- heated parking available
- Heated Underground Parking
- In-Unit Washer & Dryer
- Kitchen Pantry
- Nature walking trail
- None
- Patio Or Balcony
- Private Lake with Pier and Gazebo
- Set on 15 Acres of Land
- Walk-in Closet
- Whirlpool Spa Tub
Property Contact Info

Floorplan Pricing and Availability
Parkwood Lake Apartments offers 2 to 3 Bedroom apartments starting from $1,680 and having 1,300–2,200 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
2 Bedrooms
2 Bed / 2 Bath "Lower 2" 1,300 sqft
$1,680
2 Beds, 2 Baths, 1300 sq ftAvailable May 15Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $1,680 May 15, 2026 6831-101 1300 $1,730 Unit 6831-101 Amenities and Features
Features
- Air Conditioning
Kitchen
- Dishwasher
- Disposal
- Microwave
- Range
- Refrigerator
Unique Features
- Full Size Stacked Washer and Dryer
- Gas Fireplace
- Heated Underground Parking
- In-Unit Washer & Dryer
- Kitchen Pantry
- Nature Walking Trail
- Patio or Balcony
- Private Lake with Pier and Gazebo
- Set on 15 Acres of Land
- Walk-in Closet
- Whirlpool Spa Tub
Unit 6831-101 Rent and Fees
Unit Price
- $1,680
View Details and Rent EstimateDeposit
- $1,730 deposit
Unit Description
Parkwood Lake in is located on 15 acres of scenic green space and landscaped grounds. A nature walking trail meanders through the property and leads to a private lake with pier, gazebo, and picnic tables. Enjoy a a relaxing sunset or sunrise over the lake when you call Parkwood Lake home! 2 Bed / 2 Bath Lower 1,300 sqft is a first-floor location with patio. The primary bedroom measures 18x12 feet with large walk-through closet and attached full bath. 2 Bed / 2 Bath Lower 1,400 sqft is a first-floor location with patio. The primary bedroom measures 16x14 feet with large walk-through closet and attached full bath. 2 Bed / 2.5 Bath Upper 2,100 sqft is a second-floor location with balcony. The primary bedroom measures 22x12 feet with large walk-through closet and attached full bath. The upstairs loft is spacious with cathedral ceilings, a half bathroom, walk-in closet, and second balcony. 2 Bed / 2.5 Bath Upper 2,200 sqft is a second-floor location with balcony. The primary bedroom measures 16x14 feet with large walk-through closet and attached full bath. The upstairs loft is spacious with cathedral ceilings, a half bathroom, walk-in closet, and second balcony.
Model Rent and Fees
Price
- $1,680
Apartment Model: 2 Bed / 2 Bath "Lower 2" 1,300 sqft$1,6802 Bedroom, 2 Bath, 1300 sq ftAvailable May 15, 2026![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 1 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 2 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 3 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 4 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 5 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 6 ![]()
2 Bed / 2 Bath "Lower 2" 1,300 sqft - Image 7 Apartment Unit: 6831-101Apartment Model: 2 Bed / 2 Bath "Lower 2" 1,300 sqft$1,6802 Bedroom, 2 Bath, 1300 sq ftAvailable May 15, 20263 Bedrooms
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft
$2,150
3 Beds, 2.5 Baths, 2200 sq ftAvailable May 20Model Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $2,150 May 20, 2026 6845-207 2200 $2,150 Unit 6845-207 Amenities and Features
Features
- Air Conditioning
Kitchen
- Dishwasher
- Disposal
- Microwave
- Range
- Refrigerator
Unique Features
- Full Size Stacked Washer and Dryer
- Gas Fireplace
- Heated Underground Parking
- In-Unit Washer & Dryer
- Kitchen Pantry
- Nature Walking Trail
- None
- Patio or Balcony
- Private Lake with Pier and Gazebo
- Set on 15 Acres of Land
- Walk-in Closet
- Whirlpool Spa Tub
Unit 6845-207 Rent and Fees
Unit Price
- $2,150
View Details and Rent EstimateDeposit
- $2,150 deposit
Unit Description
Parkwood Lake in is located on 15 acres of scenic green space and landscaped grounds. A nature walking trail meanders through the property and leads to a private lake with pier, gazebo, and picnic tables. Enjoy a a relaxing sunset or sunrise over the lake when you call Parkwood Lake home! 2 Bed / 2.5 Bath Upper 2,200 sqft is a second-floor location with balcony. The primary bedroom measures 16x14 feet with large walk-through closet and attached full bath. The upstairs loft is spacious with cathedral ceilings, a half bathroom, walk-in closet, and second balcony. Please note this unit is not remodeled.
Model Rent and Fees
Price
- $2,150
Apartment Model: 3 Bed / 2.5 Bath Upper with Loft 1,900 sqft$2,1503 Bedroom, 2.5 Bath, 2200 sq ftAvailable May 20, 2026![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 1 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 2 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 3 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 4 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 5 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 6 ![]()
3 Bed / 2.5 Bath Upper with Loft 1,900 sqft - Image 7 Apartment Unit: 6845-207Apartment Model: 3 Bed / 2.5 Bath Upper with Loft 1,900 sqft$2,1503 Bedroom, 2.5 Bath, 2200 sq ftAvailable May 20, 2026
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Property Information
- 88 Units
- 2 Stories
- Built in 1997
- View Property Website
Lease Terms
- 12 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$45
- Due at Move-In
- Administrative FeeiCharged per unit.$275
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Recreation and Fitness
- Spa
- Walking/Biking Trails
Interior Features
- Balcony
- Fireplace
- High Speed Internet Access
- Washer/Dryer
- Air Conditioning
- Smoke Free
Kitchen Amenities
- Kitchen
- Dishwasher
- Microwave
- Disposal
- Pantry
- Range
- Refrigerator
Living Area Features
- Walk In Closets
Outdoor Features
- Patio

Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks

Map
Hours and Contact Info
| Monday | By Appointment |
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | By Appointment |
| Saturday | By Appointment |
| Sunday | Closed |
Frequently Asked Questions about Parkwood Lake Apartments
Where is Parkwood Lake Apartments located?
Parkwood Lake Apartments is located at 6801-6865 S 68th St, Franklin, WI
What is the current rent range at Parkwood Lake Apartments?
2 Bedroom to 3 Bedroom Apartments at Parkwood Lake Apartments currently range from $1,680 to $2,150
When is the leasing office open?
- The office Hours for Parkwood Lake Apartments are
- Monday By Appointment
- Tuesday By Appointment
- Wednesday By Appointment
- Thursday By Appointment
- Friday By Appointment
- Saturday By Appointment
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Nearby Schools
Franklin High
Forest Park Middle
Pleasant View Elementary
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Parkwood Lake Apartments.
Arts Museums and Landmarks
Big Box and Retail
Macy's
Jcpenney
Walmart
Colleges and Universities
Milwaukee Area Technical College - Oak Creek Campus
Milwaukee Area Technical College - West Allis Campus
Groceries
Meijer
Aldi
Sentry Foods
Hospitals
Midwest Orthopedic Specialty Hospital
Aurora St. Luke's Medical Center
Wheaton Franciscan Healthcare St. Francis
Military Bases
US Air Force Reserve
Wisconsin Air National Guard
Parks and Recreation
Parkwood Lake Apartments has 3 parks within 8.0 miles, including Boerner Botanical Gardens, Mitchell Park Conservatory, and Grant Park.
Shopping Centers
Parkwood Lake Apartments has 5 shopping centers within 0.9 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,786 | $1,365 | $3,535 |
| Franklin 1 Bedroom Apartments | $1,516 | $899 | $5,315 |
| Franklin 2 Bedroom Apartments | $1,941 | $1,120 | $6,025 |
| Franklin 3 Bedroom Apartments | $2,977 | $1,635 | $6,600 |
| Franklin 4 Bedroom Apartments | $3,400 | $3,400 | $3,400 |
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