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Updated 7 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
$883 - $1,140
686 ft2
4 Available
Managed By: Zidan Management Group, Inc.
10129D
$883+
Available Dec 14th, 2025
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10159D
$883+
Available Apr 5th, 2026
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10113B
$883+
Available May 14th, 2026
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10130B
$883+
Available May 31st, 2026
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2 Beds • 1 Bath
$1,056 - $1,370
910 ft2
5 Available
Managed By: Zidan Management Group, Inc.
10133C
$1,056+
Available Now
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10160C
$1,067+
Available Now
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10150G
$1,067+
Available Now
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10150C
$1,100+
Available Now
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10159F
$1,100+
Available Now
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View Rented Units
2 Beds • 2 Bath
$1,215 - $1,503
1072 ft2
2 Available
Managed By: Zidan Management Group, Inc.
10180H
$1,215+
Available Now
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10184A
$1,215+
Available Dec 14th, 2025
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View Rented Units
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3 Beds • 1 Bath
$1,291 - $1,595
1006 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10113G
$1,291+
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 7 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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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:
$31,800
per year
2 Bedroom
Suggested income:
$40,200
per year
3 Bedroom
Suggested income:
$46,500
per year
Rent report

Waterstone Place Apartments Rent vs. Indianapolis Average

 Waterstone Place Apartments      Indianapolis Average
1BR
$883
$1,136
$0
$400
$800
$1,200
$1,600
2BR
$1,117
$1,394
$0
$500
$1,000
$1,500
$2,000
3BR
$1,291
$1,608
$0
$550
$1,100
$1,650
$2,200

Waterstone Place Apartments is asking 22% less than the average 1 bedroom apartment in Indianapolis.

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 18% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 9% less per month.

Waterstone Place Apartments provides 2% less square footage than the average Indianapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Waterstone Place Apartments
1BR $883 $1.30 $2,649
2BR $1,117 $1.20 $3,351
3BR $1,291 $1.30 $3,873
Indianapolis Average
Studio $1,047 $2.10 $3,142
1BR $1,136 $1.60 $3,409
2BR $1,394 $1.40 $4,181
3BR $1,608 $1.10 $4,823
4BR $1,646 $1.00 $4,938

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 1,336 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 205
1BR 1,286
2BR 1,336
3BR 428
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 12 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 9 units available for move-in over the next 2 months. 7 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 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $883 to $1,595. Waterstone Place Apartments has 1 bedroom units available starting at $883, 2 bedroom units available starting at $1,056, and 3 bedroom units available starting at $1,291.
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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