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Updated 2 hours ago

Waterstone Place Apartments


2755 Merlin Lake Drive Indianapolis, IN

1 - 3 Bed
•
1 - 5 Bath

686 - 1,160 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
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2 Beds • 1 Bath
$1,067 - $1,414
910 ft2
5 Available
Managed By: Zidan Management Group, Inc.
10159F
$1,067+
Available Now
View
10129F
$1,067+
Available Now
View
10113D
$1,067+
Available Now
View
10163D
$1,067+
Available Apr 14th, 2026
View
10129A
$1,067+
Available Apr 14th, 2026
View
View Rented Units
2 Beds • 2 Bath
$1,215 - $1,552
1072 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10119A
$1,215+
Available Apr 17th, 2026
View
View Rented Units
2 Beds • 2 Bath
$1,215 - $1,552
1160 ft2
1 Available
Managed By: Zidan Management Group, Inc.
10184F
$1,215+
Available May 29th, 2026
View
View More
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
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 2 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.
2 Bedroom
Suggested income:
$39,900
per year
Rent report

If you upsized to an average priced Indianapolis 2 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Indianapolis studio apartment, you would pay 10% less per month.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Indianapolis Average
Studio $1,035 $2.00 $3,104
1BR $1,135 $1.60 $3,406
2BR $1,368 $1.40 $4,103
3BR $1,626 $1.20 $4,879
4BR $1,672 $1.00 $5,015

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 1,391 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% 39% 40% 12% 3%
Available Units in Indianapolis
Studio 213
1BR 1,331
2BR 1,391
3BR 404
4BR 93
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. 3 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 910 to 1,160 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 2 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 $1,067 to $1,552. Waterstone Place Apartments has 2 bedroom units available starting at $1,067.
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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