2 Hours Ago
Highlights
Pet Friendly
Luxury
Location
318 S Elkhart Avenue, Elkhart, IN 46516, USA
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Property Overview
Stonewater at the Riverwalk is a highly rated community (overall 9/10) with exceptional amenities, location, and quality (each 10/10), plus strong trustworthiness and a price that reflects an excellent balance of value. It features upscale finishes like granite kitchen countertops and cultured marble vanity tops, ranks at the top of the area by value per square foot, and sits near top-rated schools. With extensive on-site and nearby options for fitness, social life, and pet-friendly living—along with abundant photos to preview the property—it offers an elevated, well-rounded rental experience.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- High school nearby
- Elementary school nearby
Great for
Pet owners
Social life
Wellness
Floor plans
| Studio 1 | Studio | 1 bath | 564 sqft | $840 /mo | |||
| Studio 2 | Studio | 1 bath | 613 sqft | $1,005 /mo | |||
| A1 | 1 bed | 1 bath | 749 sqft | $1,120 /mo | |||
| A2 | 1 bed | 1 bath | 742 sqft | $1,120 /mo | |||
| B2 | 2 bed | 2 bath | 1,049 sqft | $1,625 /mo | |||
| Townhome 2 | 2 bed | 2 bath | 2,116 sqft | $2,035 /mo | |||
| Townhome 1 | 3 bed | 2 bath | 2,116 sqft | $2,235 /mo |
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Amenities for Stonewater at the Riverwalk
Apartment Amenities
| Air Conditioning | Balcony |
| Central Heat | Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Business Center | Cats OK |
| Controlled Access | Dogs OK |
| Elevator | Fitness Center |
| Residents Lounge | Roof Deck |
Grounds
| Garage Parking | Outdoor Space |
| Storage | Swimming Pool |
Services
| Dry Cleaning Service | On-Site Management |
| Package Service |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Garage Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About Stonewater at the Riverwalk
Let us prove we have the best location in Elkhart, IN. With your grocery needs within walking distance restaraunts down the street, and even he new state of the art Beacon Aquatic Center, Stonewater at the Riverwalk as the best location in Elkhart. After stopping by Martins to pick up your grocery needs, walk down to the Elkhart Riverwalk for a nice lunch and finish the day off at the 5 Star Dive Bar. If you prefer someone else to make your food, wander in to Lechyd Brewing Company, Vanilla Bean Creamery, or the 523 Tap and Grill. Don’t worry if you stay out to late, you can always grab coffee at the Electric Brew. Last but not least, check out The Gateway Mile to fine tune your shopping before heading to The Learner Theater for some entertainment. We look forward to meeting you in person and showing you your new home. Stop in today for your own private tour! Apartment Amenities: Granite Kitchen Countertops Cultured Marble Vanity Tops w/ Integral Sinks Tile Backsplashes in Kitchen Stainless Steel Appliances Washer & Dryer Included Undermount Faucets and Sinks LED Lighting in Entries, Kitchen, Bathrooms and Closets Services: Amenity Courtyard featuring Fire Pits, Bar, Lounge Areas, Grilling Station and Saltwater Pool w/ Large Wet Deck Coffee Lounge Conference Room Fireplace Lounge Pet Spa Community Demonstration Kitchen Bike Repair & Storage Gaming & Maker's Space 24-Hour Fitness Center w/ Fitness Dry Cleaning Guest Suites Available
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.0
/10
ExcellentStonewater at the Riverwalk is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Location, which help to make this rental a great place to call home.
Price·7A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
While the monthly rent is more than the median price per bedroom of nearby properties, Stonewater at the Riverwalk has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Stonewater at the Riverwalk 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·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Stonewater at the Riverwalk offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Stonewater at the Riverwalk has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Stonewater at the Riverwalk.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Stonewater at the Riverwalk has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.
Reviews from the web
Showing 8 highest rated
I would say overall this is a really excellent community. There are things you won’t like about every place you live, but after being here for two years and seeing the hard work that the staff put in to keep this place running, I am really impressed. I had some concerns while living there and the staff always handled it. Always! They gave me multiple garden beds. They were always kind and pleasant towards my Children who weren’t always the quietest. And it’s an incredibly beautiful apartment complex! Please count your blessings here and don’t nitpick and tear it apart. Did I mention their incredibly excellent gym!?!? Wow! It’s not the staffs fault that people shove garbage in a full garbage can. Or don’t clean up after their pets. I know once a concern is brought to them Carrie does everything they can to fix it in a timely manner. I recommend this place for those reasons, and because the community is wonderful and beautiful. Also- the pool!!! I’m so thankful for the time we spent here. I made life long friends. Enjoy! -Missy S
M S
Dec 04, 2023
Fiancé and I came in and Sara was the nicest lady ever and gave us a super informative tour of the place. So far we absolutely love the environment and everything they have to offer us! Highly recommend going in and getting a tour from Sara if you are interested! We loved it!
Ariana A
Feb 13, 2024
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Stonewater at the Riverwalk is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Stonewater at the Riverwalk compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 812 sqft larger than other listings nearby
- More space
- The 3-bedroom is 1266 sqft larger than other listings nearby
- High school nearby
- There is a high school 1 mile away
- Elementary school nearby
- There is an elementary school 1 mile away
- Dishwasher
- Dishwasher available in kitchen
- Elevator
- Improved accessibility features
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
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Rent trends in Elkhart
Studio apartments at Stonewater at the Riverwalk cost about 60% more than the average rent price for studios in Elkhart.
1-bedroom apartments here are priced 42% higher than 1-bedrooms in Elkhart.
If you decide to upgrade your space, you can expect 2-bedrooms at Stonewater at the Riverwalk to be 48% more than the average for similarly sized apartments in Elkhart.
3-bedroom apartments at Stonewater at the Riverwalk cost about 60% more than the average rent price for 3-bedroom apartments in Elkhart.
Median rents as of Dec 20 2025.
Elkhart
| Month | Median Rent |
|---|---|
| August 2024 | $545 |
| May 2025 | $927 |
| June 2025 | $930 |
| December 2025 | $575 |
Affordability calculator
Can I afford to live at 318 S Elkhart Avenue?
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
$36,900/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,900 annually to afford this studio median monthly rent price of $922.
For more information on rent affordability, visit our rent calculator.
Schools near Stonewater at the Riverwalk
Elkhart Academy
1013 tipton st
elkhart, IN, 46516
K-12Public
Mary Beck Elementary School
818 mcdonald st
elkhart, IN, 46516
PK, K-6Public
C-
South Bend Virtual School
740 north eddy st
south bend, IN, 46617
K-12Public
Brookside Learning Center
61662 dailey rd
cassopolis, MI, 49031
PK, K-12Public
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Internet available near Stonewater at the Riverwalk
Neighborhood
Getting around Elkhart near 318 S Elkhart Avenue
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Points of interest for 318 S Elkhart Avenue, Elkhart
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
3/10
Few or no bars within walking distance
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