Apartment for rent

Pet friendly

5 Hours Ago

8.8

Very Good

Waterstone Place Apartments
2755 Merlin Lake Ct, Indianapolis, IN 46229, USA

Zidan Management Group, Inc.

2755 Merlin Lake Ct, Indianapolis, IN 46229, USA

8.8

Very Good

Monthly rent	$889–$1,595
Beds	1–3
Baths	1–2
Sqft	686–1,072

Monthly rent	$889–$1,595
Beds	1–3
Baths	1–2
Sqft	686–1,072

OFFER:

One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026.

5 Hours Ago

Highlights

Rent Special
Pet Friendly

Swimming pool
Playground
Laundry facilities
Peaceful living
On-site maintenance
On-site management

Location

2755 Merlin Lake Ct, Indianapolis, IN 46229, USA

Hi! Let’s figure out if this property is right for you.

Tour Waterstone Place Apartments

Contact

Managed by

Management

Zidan Management Group, Inc.

Leasing office

(844) 294-7576 ext. 2605

Open today

9:00 am–5:00 pm ET

Property Overview

Waterstone Place Apartments earns a strong Zumper expert rating of 8.8 out of 10, with standout scores for price, amenities, and location, plus a solid trustworthiness rating. It also offers strong value metrics, 37 photos, nearby school access, and pet-friendly outdoor spaces, while notable features include a swimming pool, playground, laundry facilities, peaceful living, on-site maintenance, and on-site management.

Zumper Expert Rating

8.8

Very Good

With a solid 8.8 out of 10 overall, Waterstone Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waterstone Place Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

Less expensive
Middle school nearby
More space

Great for

Pet owners

Floor plans

One Bedroom, One Bath	1 bed	1 bath	686 sqft	$889–$1,101 /mo
One Bedroom, One Bath Plus Den	1 bed	1 bath	793 sqft	$904–$1,147 /mo	2 units available
Two Bedroom, Two Bath	2 bed	2 bath	1,072 sqft	$1,225–$1,503 /mo	2 units available
Three Bedroom, One Bath	3 bed	1 bath	1,006 sqft	$1,305–$1,595 /mo

Let's explore this property.

Amenities for Waterstone Place Apartments

Apartment Amenities

Air Conditioning	Balcony
Carpet	Large Closets
Patio	Walk-in Closet
Window Coverings

Appliances

Dishwasher	Garbage Disposal
Refrigerator

Tech

Cable Ready

Building

Cats OK	Dogs OK
Onsite Laundry

Grounds

Assigned Parking	Garage Parking
Outdoor Space	Playground
Private Lake	Swimming Pool

Services

On-Site Maintenance	On-Site Management
Valet Trash Service

Neighborhood

On the Bus Line

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

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Parking Policy

Garage Parking

Cat Policy

Allowed

Limit2

Small Dog Policy

Allowed

Limit2

Cat

Cat Fee

One-time. 2 cats max. Refund Policy: Non-refundable.

$350

Cat Rent

Monthly. Refund Policy: Non-refundable.

$35

Dog

Dog Fee

One-time. 2 dogs max. Refund Policy: Non-refundable.

$350

Dog Rent

Monthly. Refund Policy: Non-refundable.

$35

Questions about this property’s policies and fees?

Building details

Property details

Units	192

About Waterstone Place Apartments

Home

Apartments in Indianapolis

Waterstone Place Apartments

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!

Zumper Expert Rating

8.8

/10

Very Good

How we rated Waterstone Place Apartments

Price·10

Waterstone Place Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.

Amenities·10

Waterstone Place 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·9

Waterstone Place 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·6

While Waterstone Place 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·8

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.

Waterstone Place Apartments is great for:

Pet owners

Outdoor spaces are available at this property

Property highlights

How Waterstone Place Apartments compares to other nearby properties.

Positives

Less expensive: The 1-bedrooms are cheaper than other similar listings nearby
Less expensive: The 3-bedrooms are cheaper than other similar listings nearby
Middle school nearby: There is a middle school 1 mile away
More space: The 1-bedroom is 63 sqft larger than other listings nearby
Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Dishwasher: Dishwasher available in kitchen
Images Available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building or in-unit
Outdoor space: Easy access to the outdoors
Walk-in closet: More closet space on average

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Rent trends in Indianapolis

1-bedroom apartments here are priced 7% lower than 1-bedrooms in Indianapolis.

If you decide to upgrade your space, you can expect 2-bedrooms at Waterstone Place Apartments to be 4% less than the average for similarly sized apartments in Indianapolis.

3-bedroom apartments at Waterstone Place Apartments cost about 12% less than the average rent price for 3-bedroom apartments in Indianapolis.

Median rents as of Jun 27 2026.

Indianapolis

A table of studio rental data trends in Indianapolis
Month	Median Rent
July 2024	$1,064
August 2024	$1,047
September 2024	$1,090
October 2024	$1,131
November 2024	$1,126
December 2024	$1,105
January 2025	$1,194
February 2025	$1,191
March 2025	$1,151
April 2025	$1,121
May 2025	$1,139
June 2025	$1,158
July 2025	$1,185
August 2025	$1,178
September 2025	$1,065
October 2025	$1,063
November 2025	$1,048
December 2025	$1,029
January 2026	$1,039
February 2026	$1,034
March 2026	$1,004
April 2026	$955
May 2026	$951
June 2026	$892

Affordability calculator

Can I afford to live at 2755 Merlin Lake Ct?

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

$35,860/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,860 annually to afford this 1-bedroom median monthly rent price of $896.

For more information on rent affordability, visit our rent calculator.

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