Indianapolis Property Logo 0

Contact Information

Waterstone Place Apartments
2755 Merlin Lake Drive 
Indianapolis, IN 46229
(317) 897-0080

Waterstone Place Apartments

  • 1 - 3 Beds
  • 1 - 2 Baths
  • 686 - 1,072 Sq.Ft.
  • Type: Apartment
$649 - $709
Verified Listing

Floor Plans

The layout of your apartment is probably one of the most significant choices you will ever make regarding your new home. That’s why we have added images of each unit’s floor plan including the location of your apartment on it’s respective floor. The layout will also show you which direction your apartment is facing. Choose from our 1, 2, or 3 bedroom apartments below and then click on the unit number to see the floor plan. We have also added the home décor planner application to the floor plan, so you are able to see how your apartment will look with furniture.
Security deposit: $200. Application fee: $30. Other fees may apply, please contact property for details.

Finding the perfect apartment to rent isn’t easy. You may feel as if you have to skip out on some apartment amenities when you’re looking for the next place to call home. This is not the case at Waterstone Place Apartments in Indianapolis, IN. We have added the most asked for amenities in an urban apartment. Having to lug all your dirty clothes back and forth from an outside laundromat is a pain, so take advantage of our onsite laundromat. Not having an outdoor space is a real drag in an urban apartment. There are times you may just want to get a breath of fresh air without having to trot around your neighborhood or to a nearby park. At Waterstone Place, we have patios or balconies for each apartment to give you the ability to take a few steps and enjoy a crisp, cold drink outside. When it's hot out you can take a dip in our private swimming pool. Have a lot of gear? Then there’s a chance you will need extra room for your belongings. Waterstone Place has spacious rooms and large closets available. 
All of these luxuries and many more are available at Waterstone Place Apartments. See our list of amazing amenities below.

Apartment Amenities

Apartment Amenities

  • Air Conditioner
  • Carpeting
  • Dishwasher
  • Disposal
  • Patio/Balcony
  • Refrigerator
  • Window Coverings

Community Amenities

Community Amenities

  • sparkling pool
  • Furnished Units Available
  • Patio/Balcony
  • On the bus line
  • Picnic Area
  • Next to Milham Park
  • Intercom Buildings
  • Parking
  • Playground
  • Laundry Facilities
  • *Warren Township Schools*
  • 24-Hour Emergency Maintenance
  • Convenient to Highway & Shopping
  • Monthly Fee
  • Night Patrol
  • Private Lake
  • Updated Exteriors
  • Updated Interiors (select units)
* Only available in select apartments

Nearby Listings


The Fort Apartments

$920 - $1,275
  • 1-3 Beds
  • 1-3 Baths
  • 648 - 1,490 Sq.Ft.

Kingston Square Apartments

$499 - $819
  • Studio-3 Beds
  • 1-1.5 Baths
  • 578 - 1,025 Sq.Ft.

Lake Marina Apartments

$529 - $809
  • 1-3 Beds
  • 1-3 Baths
  • 642 - 1,168 Sq.Ft.

Pangea Vistas

$570 - $938
  • 2 Beds
  • 1-1.5 Baths
  • 860 - 910 Sq.Ft.


Located near I-70 and 465, these affordable, family-friendly, lake view apartments feature a tennis court, swimming pool and playground. At Waterstone Place, shopping and restaurants are just minutes from your doorstep. Select apartments are upgraded with new appliances, updated light fixtures, brand new cabinetry in the kitchen and bathroom in addition to spacious closets. Apartments also include patios on the ground floor and balconies for the upper levels. Stop by and tour your new home today!

Follow us on Facebook, Google+, Twitter or click on News and Updates below

Application Fee(s):    $30 (per adult non-refundable)

Security Deposit:       $200 (subject to increase)

Administration Fee:   $100 (non-refundable)

*Proof of renters insurance is required to take possession.
*Resident is responsible for electric, water, phone, and cable.

Pet Policy

Pets - Max 2 allowed, Max weight 35 lb each, One time Fee $200.00, Rent $20.00

Office Hours

Office Hours

Mon-Fri: 09:00 AM-06:00 PM
Saturday: 10:00 AM-04:00 PM
(317) 897-0080

Why Choose Waterstone Place Apartments

Apartments at Waterstone Place Apartments are equipped with Air Conditioner, Carpeting and Dishwasher and have rental rates ranging from $649 to $709. This apartment community also offers amenities such as sparkling pool, Furnished Units Available and Patio/Balcony and is located on 2755 Merlin Lake Drive in the 46229 zip code. Browse through 1 Bedroom Apts, 2 Bedroom Apts or 3 Bedroom Apts with floorplans ranging from 686 Sq.Ft to 1072 Sq.Ft., choose your next home in the Waterstone Place Apartments community and apply for a lease online! The Zidan Management Group, Inc. property management company will verify your lease application and send you a timely response. Once you become a resident of Waterstone Place Apartments, you will be able to pay your rent online, submit maintenance requests, and get community news by logging in securely to your Resident Portal.

Contact Property

How can we help you?

© 2017 Yardi Systems, Inc. All Rights Reserved.