Zumper
modified
21 Hours Ago

Highlights

  • Pet Friendly
  • Balcony
  • Walk-in closet
  • Picnic tables
  • Cathedral ceilings
  • Private lake
  • Large walk-through closet

Location

6801 S 68th St, Franklin, WI 53132, USA
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Contact

Management

Central Park Apartments

Leasing office

(414) 774-1491

Property Overview

Parkwood Lake Apartments is a highly rated community, earning an overall 8.5/10 with standout scores for amenities (10/10), location (9/10), price (9/10), and trustworthiness (8/10), indicating strong value and a clear, detailed presentation for renters. Residents can enjoy features like balconies, cathedral ceilings, a private lake, picnic areas, and generous storage with walk-in and large walk-through closets, while also benefiting from exceptional value per square foot and proximity to a top-rated high school.

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

7.6
Very Good
Parkwood Lake Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities 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

  • High school nearby
  • More space
  • Dishwasher

Great for

  • Pet owners

Floor plans

2 Bed / 2.5 Bath "Upper 2" 2,100 sqft2 bed2.5 bath2,100 sqft$2,150 /mo1 unit availableParkwood 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 2,100 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.

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Amenities for Parkwood Lake Apartments

Apartment Amenities

Air ConditioningBalcony
FireplaceGas Fireplace
Kitchen PantryPatio
Walk-in Closet

Appliances

DishwasherFull-Size Stacked Washer and Dryer
Garbage DisposalIn-Unit Laundry
MicrowaveOven
RangeRange/Oven
Refrigerator

Building

Cats OKDogs OK

Grounds

Nature/Walking TrailSwimming Pool
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units88
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About Parkwood Lake Apartments

HomeApartments in Franklin Parkwood Lake Apartments

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 2,100 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.


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.
7.6
/10
Very Good
Parkwood Lake Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities 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 Parkwood Lake Apartments
Price·6A 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.
Parkwood Lake Apartments is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·10A 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.
Parkwood Lake Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Parkwood Lake Apartments 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 Parkwood Lake Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Parkwood Lake Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 1 pet grooming service nearby
  • 1 pet hospital in the area
  • 1 pet supply store near the property

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 Parkwood Lake Apartments compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
More space
The 2-bedroom is 298 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Fireplace
Upgraded in-unit features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Franklin

2-bedroom apartments at Parkwood Lake Apartments cost about 33% more than the average rent price for 2-bedroom apartments in Franklin.

Median rents as of May 16 2026.
Franklin
A table of 1-bedroom apartment rental data trends in Franklin
MonthMedian Rent
June 2024$1,159
July 2024$1,174
August 2024$1,178
September 2024$1,149
October 2024$1,165
November 2024$1,255
December 2024$1,125
January 2025$1,201
February 2025$1,280
March 2025$1,294
April 2025$1,260
May 2025$1,285
June 2025$1,235
July 2025$1,222
August 2025$1,258
September 2025$1,252
October 2025$1,258
November 2025$1,245
December 2025$1,230
January 2026$1,290
February 2026$1,282
March 2026$1,265
April 2026$1,239
May 2026$1,278

Affordability calculator

Can I afford to live at 6801 S 68th St?

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

$86,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $86,000 annually to afford this 2-bedrooms monthly rent price of $2,150.
For more information on rent affordability, visit our rent calculator.

Schools near Parkwood Lake Apartments

Pleasant View Elementary School

4601 w marquette ave

franklin, WI, 53132

PK, K-5Public
A

Forest Ridge Elementary School

2200 w drexel ave

oak creek, WI, 53154

PK, K-5Public
B

Drought Elementary School

21016 7 mile rd

franksville, WI, 53126

PK, K-8Public
A-

Acelero Learning - Cudahy North Center

5809 south packard ave

cudahy, WI, 53110

PKPublic

Acelero Learning - Cudahy South Center

5885 south packard ave

cudahy, WI, 53110

PKPublic
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Internet available near Parkwood Lake Apartments

Getting around Franklin near 6801 S 68th St

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 6801 S 68th St, Franklin

Groceries

5/10
At least one grocery store within a 30-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

2/10
No elementary schools within a 30-minute walk

High schools

0/10
No high schools within a 30-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

1/10
Few or no bars within walking distance

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