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Updated 10 hours ago

Waterstone Place Apartments


2755 Merlin Lake Drive Indianapolis, IN

1 - 3 Bed
•
1 - 5 Bath

686 - 1,072 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$898 - $1,158
686 ft2
3 Available
Managed By: Zidan Management Group, Inc.
10154D
$898+
Available Now
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10121C
$898+
Available Jun 29th, 2026
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10163B
$898+
Available Aug 3rd, 2026
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View Rented Units
1 Bed • 1 Bath
$988 - $1,226
886 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10184H
$988+
Available Aug 3rd, 2026
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2 Beds • 1 Bath
$1,069 - $1,431
910 ft2
3 Available
Managed By: Zidan Management Group, Inc.
10150G
$1,069+
Available Now
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2768D
$1,114+
Available Now
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10129F
$1,114+
Available Feb 15th, 2026
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View Rented Units
2 Beds • 2 Bath
$1,229 - $1,568
1072 ft2
2 Available
Managed By: Zidan Management Group, Inc.
10119A
$1,229+
Available Apr 17th, 2026
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10184E
$1,229+
Available Aug 3rd, 2026
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3 Beds • 1 Bath
$1,257 - $1,611
1006 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10113G
$1,257+
Available Now
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View Rented Units
3 Beds • 1 Bath
$1,273 - $1,534
1006 ft2
1 Available
Managed By:
#10163G
$1,273+
Available Now
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View Rented Units
Where you'll live
Street View
Map View
Satellite View
Waterstone Place Apartments
Waterstone Place Apartments
Waterstone Place Apartments
Location ratings
Walk Score®
23
Car-Dependent
Amenities
On-site Laundry
Air Conditioning
Refrigerator
Pool
Playground
Freezer
Online Payments
Accepts Credit Cards
Online Community Portal
Picnic Area
Cable Ready
On-site Maintenance
Professional On-site Management
24-hour Maintenance
Bath Tub
Cable-ready
Lake
Range / Oven
Master Bath
Living Room
Carpet
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Park
Pet Rent: $35.00
Pet Fee: $350.00
Size Restrictions:

Dog up to 35.00 lbs.

Parking
Covered Parking
Lease & Fees
Lease Length:

6, 7, 8, 9, 10, 11, 12, 13, 14, 15

Property details
Description

Tucked away among the lush greenery of suburban Warren in Indianapolis, Waterstone Place Apartments is designed to bring a touch of comfort to your everyday life. With spacious one, two, and three-bedroom homes and enticing amenities, you and your furry friends will enjoy all contemporary comforts while living in a dreamy, park-like community. Start your new chapter with us at our apartments in Far Eastside, Indianapolis!Our enchanting location in the tranquil Warren area is another asset. We are close to eateries and shops like Arts Skillet, Washington Square, Castleton Square, and even employers like Eskenazi Health Center, Finish Line, IUPUI, and Ivy Tech Community College. Schedule a visit and get a sense of the peacefulness and sophistication you can experience in our apartments for rent in East Indianapolis. Call us today!

Additional Details
Total Unit Count: 192
Last Updated: Updated 10 hours ago
Contact Number: (317) 897-0080
Property manager information
Zidan Management Group, Inc.
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Office Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 10:00 AM - 4:00 PM
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Photos Floor Plans Amenities
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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 Waterstone Place Apartments by bedroom type below.
1 Bedroom
Suggested income:
$33,100
per year
2 Bedroom
Suggested income:
$41,400
per year
3 Bedroom
Suggested income:
$45,300
per year
Rent report

Waterstone Place Apartments Rent vs. Indianapolis Average

 Waterstone Place Apartments      Indianapolis Average
1BR
$921
$1,132
$0
$400
$800
$1,200
$1,600
2BR
$1,151
$1,415
$0
$500
$1,000
$1,500
$2,000
3BR
$1,257
$1,594
$0
$550
$1,100
$1,650
$2,200

Waterstone Place Apartments is asking 19% less than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 20% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 7% less per month.

Waterstone Place Apartments provides 4% more square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Waterstone Place Apartments
1BR $921 $1.30 $2,762
2BR $1,151 $1.20 $3,453
3BR $1,257 $1.20 $3,771
Indianapolis Average
Studio $1,058 $2.10 $3,173
1BR $1,132 $1.60 $3,397
2BR $1,415 $1.40 $4,246
3BR $1,594 $1.10 $4,782
4BR $1,658 $1.00 $4,975

Availability in Indianapolis

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 1,349 2BR units on the market in Indianapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
6% 38% 40% 13% 3%
Available Units in Indianapolis
Studio 197
1BR 1,268
2BR 1,349
3BR 422
4BR 98
Location
Nearby Colleges

Ivy Tech Community College-Central Indiana

American College Of Education

Butler University

Purdue University Global

Nearby Hospitals
Name Distance
Options Behavioral Health System 4.41 mi.
Community Hospital East 4.85 mi.
Community Health Network Rehabilitation Hospital 6.8 mi.
Nearby Fire Stations
Name Distance
Mc Cordsville Volunteer Fire Department 6.89 mi.
Sugar Creek Township Fire Department 7.95 mi.
North Perry Volunteer Fire Department 9.07 mi.
FAQs
Is this property currently leasing units?
Yes. There are 10 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. 4 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 686 to 1,072 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $898 to $1,611. Waterstone Place Apartments has 1 bedroom units available starting at $898, 2 bedroom units available starting at $1,069, and 3 bedroom units available starting at $1,257.
Where is this property located?
This property is at 2755 Merlin Lake Drive in Indianapolis, IN. It's 9.4 miles east from the center of Indianapolis.
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