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Updated 3 hours ago

Waterstone Place Apartments


2755 Merlin Lake Drive Indianapolis, IN

1 - 3 Bed
•
1 - 5 Bath

686 - 1,072 Sq. Ft.

Available Now
Deal

One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026.
Floor plans
1 Bed • 1 Bath
$874 - $1,151
686 ft2
2 Available
Managed By: Zidan Management Group, Inc.
2768A
$874+
Available Jun 1st, 2026
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2760C
$874+
Available Jun 1st, 2026
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View Rented Units
1 Bed • 1 Bath
$987 - $1,220
886 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10114G
$987+
Available Jul 1st, 2026
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View Rented Units
1 Bed • 1 Bath
$1,833 - $2,056
793 ft2
2 Available
Managed By: Zidan Management Group, Inc.
10134H
$1,833+
Available Jul 1st, 2026
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10121H
$1,833+
Available Jul 1st, 2026
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View Rented Units
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2 Beds • 1 Bath
$1,110 - $1,426
910 ft2
2 Available
Managed By: Zidan Management Group, Inc.
10164F
$1,110+
Available Now
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10163C
$1,110+
Available May 28th, 2026
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View Rented Units
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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
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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
Lake
Professional On-site Management
On-site Maintenance
Cable Ready
Picnic Area
Online Community Portal
Accepts Credit Cards
Online Payments
Playground
24-hour Maintenance
Bath Tub
Cable-ready
Freezer
Range / Oven
Master Bath
Living Room
Carpet
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Pet Park
Cat:

| Restrictions: None One time

Cat Fee:

$350.0 One time due at Movein

Cat Rent:

$35.0 Monthly due at With rent

Dog:

| Restrictions: Pit Bulls, Rottweiler's, Chows, Dobermans. One time

Dog Fee:

$350.0 One time due at Movein

Dog Rent:

$35.0 Monthly due at With rent

Parking
Covered Parking
Lease & Fees
Lease Length:

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

Property details
Description

Waterstone Place Apartments offers peaceful living in Far Eastside Indianapolis. We have one, two, and three-bedroom homes built for comfort, and yes, your pets are welcome too!You’ll love our peaceful setting with a private lake, a swimming pool for fun, laundry facilities for convenience, and a playground for extra enjoyment. Plus, we have on-site management and maintenance to keep everything running smoothly. Enjoy a calm lifestyle while staying close to everything you need!

Additional Details
Total Unit Count: 192
Last Updated: Updated 3 hours ago
Contact Number: (844) 660-3475
Property manager information
Zidan Management Group, Inc.
Ask a question
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:
$46,100
per year
2 Bedroom
Suggested income:
$40,000
per year
Rent report

Waterstone Place Apartments Rent vs. Indianapolis Average

 Waterstone Place Apartments      Indianapolis Average
1BR
$1,280
$1,116
$0
$450
$900
$1,350
$1,800
2BR
$1,110
$1,298
$0
$450
$900
$1,350
$1,800

Waterstone Place Apartments is asking 15% more than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 14% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 11% less per month.

Waterstone Place Apartments provides 10% more square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Waterstone Place Apartments
1BR $1,280 $1.70 $3,841
2BR $1,110 $1.20 $3,330
Indianapolis Average
Studio $1,002 $2.10 $3,007
1BR $1,116 $1.60 $3,348
2BR $1,298 $1.30 $3,895
3BR $1,635 $1.20 $4,904
4BR $1,691 $1.00 $5,072

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 1,247 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% 41% 12% 3%
Available Units in Indianapolis
Studio 193
1BR 1,173
2BR 1,247
3BR 370
4BR 79
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 7 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 7 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 686 to 910 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 1 and 2 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 $874 to $2,056. Waterstone Place Apartments has 1 bedroom units available starting at $874 and 2 bedroom units available starting at $1,110.
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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