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Verified Resident
Jul 14, 2026 • annaelis S.
Waterstone Place Apartments
2755 Merlin Lake Dr, Indianapolis, IN, 46229
1-3 beds
1-2 baths
686-1,072 sqft
All about this rental
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 East Side, 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 in Indianapolis. Call us today!
Wondering What Makes Our East Side Apartments in Indianapolis Unforgettable? Preparing your meals will be a breeze in our spacious kitchens featuring dishwashers and refrigerators. Whether you are looking for 1 bedroom with den apartments in Indianapolis or larger two and three-bedroom layouts, our homes are designed with your needs in mind. In select units, hard vinyl floors add a touch of style. Enjoy your meals in the dining area big enough to host a gathering of friends. Sit out in your patio or balcony after a long day and enjoy the soothing views. Storing your belongings is made easy with large closets. Air-conditioning, carpeting, updated interiors and exteriors, and even window coverings will ensure your comfort. Should any problem arise, on-site management and maintenance are ready to sort it out for you. Our apartments also impress with a premier set of community amenities. Dip into the pool during summertime or show of your grilling skills at the picnic area while hosting friends. Let your furry friends run loose and socialize in the dog park. In the meantime, younger residents will make new friends at the playground. We also have a private lake, perfect for a stroll under the clear blue sky. Whatever you decide to do, you can do it at Waterstone Place Apartments. Come see it in person today or apply online. Choose your unit and let us know when you can visit our apartments on the East Side of Indianapolis.
Wondering What Makes Our East Side Apartments in Indianapolis Unforgettable? Preparing your meals will be a breeze in our spacious kitchens featuring dishwashers and refrigerators. Whether you are looking for 1 bedroom with den apartments in Indianapolis or larger two and three-bedroom layouts, our homes are designed with your needs in mind. In select units, hard vinyl floors add a touch of style. Enjoy your meals in the dining area big enough to host a gathering of friends. Sit out in your patio or balcony after a long day and enjoy the soothing views. Storing your belongings is made easy with large closets. Air-conditioning, carpeting, updated interiors and exteriors, and even window coverings will ensure your comfort. Should any problem arise, on-site management and maintenance are ready to sort it out for you. Our apartments also impress with a premier set of community amenities. Dip into the pool during summertime or show of your grilling skills at the picnic area while hosting friends. Let your furry friends run loose and socialize in the dog park. In the meantime, younger residents will make new friends at the playground. We also have a private lake, perfect for a stroll under the clear blue sky. Whatever you decide to do, you can do it at Waterstone Place Apartments. Come see it in person today or apply online. Choose your unit and let us know when you can visit our apartments on the East Side of Indianapolis.
Quick overview
- Type:
- Apartment
- Floors:
- 2
- Neighborhood:
- Sheffield Woods
- ZIP code:
- 46229
- Built:
- 1974
- Status:
- Active
- Apartments in the community:
- 192
- Buildings in the community:
- 12
- Last checked:
- 1 hour ago
Find your perfect layout
One Bedroom, 1.5 Bath
Ask for Pricing
1
1.5
710 sqft
One Bedroom, 1.5 Baths Plus Den
Ask for Pricing
1
1.5
886 sqft
One Bedroom, One Bath
Ask for Pricing
1
1
686 sqft
Available 07/20
One Bedroom, One Bath Plus Den
$900 - $1,124
1
1
793 sqft
Available now
Two Bedroom, One Bath
$1,110 - $1,370
2
1
910 sqft
Two Bedroom, One Bath Plus Den
$1,125 - $1,370
2
1
993 sqft
Available now
Two Bedroom, Two Bath
$1,225 - $1,503
2
2
1,072 sqft
Available 08/14
Three Bedroom, One Bath
$1,312 - $1,595
3
1
1,006 sqft
Rent specials
Rent specials available at Waterstone Place Apartments. Special offers are valid for individual floor plans. For more details, please check each floor plan or contact the property directly.
Perks of living here
Convenience
Make daily life easier with On-Site Management, On-Site Maintenance, Valet Trash, and a Laundry Facility.
Temperature
Stay cool with an Air Conditioner to beat the heat.
Pets
Your furry friends will love the Bark Park for exercise and play.
Outdoors
Enjoy the Private Lake, Playground, and take advantage of the Bark Park for your pets.
Design
Features like Window Coverings, Carpeting, and a Patio/Balcony add comfort and charm to your living space.
Standout
The Private Lake makes this property truly unique and offers serene views to relax and unwind.
Shared spaces & benefits
- Pool
- Private Lake
- Playground
- Bark Park
- Laundry Facility
- Covered Carports for Rent
- Valet Trash
- On the Bus Line
- On-Site Management
- On-Site Maintenance
In-house comforts
- Patio/Balcony
- Large Closets
- Air Conditioner
- Carpeting
- Dishwasher
- Disposal
- Refrigerator
- Window Coverings
- Cable Ready
See what makes this place special
Pure Pampering in Far Eastside, Indianapolis — Just for You
At our pet-friendly apartments in Indianapolis, Indiana, we support your dynamic lifestyle while making sure you are entertained. Take a few laps in our swimming pool or spend some active quality time with your friends and neighbors at the picnic area. Our community will charm you with its private lake, which is perfect for strolling and exercising. Let your furry friends stretch their legs and do zoomies in our dog park. When chores need to get done, our laundry facilities can make those days easier. As for the younger residents, they will love spending time at our playground.
When you’re ready to wrap up the day, enter your one, two, or three-bedroom home and know you have everything you need to feel at ease. Escape hot summer days and turn on the air conditioning to cool down. Have a relaxing evening in your patio and balcony and take in the green views. When you feel like socializing, invite some friends over and host a fun evening in your spacious living area.
There are few places where life is as carefree as in our modern Far Eastside, Indianapolis apartments. Don’t take our word for it, schedule a private tour and see for yourself!
Ready to see it in person?
Fees & policies
General fees
- Application fees:
- $40
There may be additional unit-specific fees.
Pet policy - Cats allowed
- One-time pet fees:
- $350
- Monthly pet rent:
- $35
Pet limit 2 allowed.
Pet policy - Dogs allowed
- One-time pet fees:
- $350
- Monthly pet rent:
- $35
Pet limit 2 allowed. / 35 lbs. restrictions. Pit Bulls, Rottweiler's, Chows, Dobermans.
Pet policy
We welcome your companions at Waterstone Place! We allow up to 2 pets per apartment with a maximum weight of 50 lbs per pet. Pet fees include a $350 one-time pet fee, plus monthly rent of $35. Please reach out to us for breed restrictions.
The fees are estimates and actual amounts may vary. Pricing and availability are subject to change. For details,
.
Contact info
Zidan Management Group, Inc.
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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
Property listed in the Yardi Rental ILS Network (RentCafe.com & Point2Homes.com).
Get to know the area
Know your way around
Car-dependent
Walk Score®
Minimal transit
Transit Score®
Somewhat bikeable
Bike Score®
The area around 2755 Merlin Lake Dr, Indianapolis, IN, 46229 is highly car dependent. Few, if any, services and amenities are nearby, making a car essential for running errands. The area has minimal public transportation, with very few options available for commuting. 2755 Merlin Lake Dr, Indianapolis, IN, 46229 is in a somewhat bikeable area, with minimal cycling infrastructure available for use.
Walkability data provided by Walk Score®
Plan your commute
-
Indianapolis's city center19 min58 min
Commute times provided by Walk Score® Travel Time.
See what’s nearby
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Average utility cost in Indiana
In Indiana, renters typically spend around $413 per month on utilities, with costs ranging from $30 for internet to $129 for electricity, depending on factors like home size, season, and usage.
Electricity
$129
$129
Gas
$89
$89
Water
$37
$37
Sewer
$69
$69
Cable
$59
$59
Internet
$30
$30
Community reviews
How are these reviews collected?
What other renters say:
Verified Resident
May 22, 2026 • Bryce S.
Verified Resident
Apr 2, 2026 • N/a
Verified Resident
Mar 4, 2026 • Jose O.
Verified Resident
Dec 4, 2025 • Stacy B.
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FAQs about Waterstone Place Apartments
When was this property’s information last updated?
The details for Waterstone Place Apartments were last updated 1 hour ago.
What floor plans are available?
Waterstone Place Apartments offers the following floor plan options: one-bedroom, two-bedroom, three-plus-bedroom.
Is Waterstone Place Apartments pet-friendly?
Yes, pets are welcome at Waterstone Place Apartments.
Here are the details:
-
Pet policy - Cats allowed
Pet limit 2 allowed.
-
Pet policy - Dogs allowed
Pet limit 2 allowed. / 35 lbs. restrictions. Pit Bulls, Rottweiler's, Chows, Dobermans.
We welcome your companions at Waterstone Place! We allow up to 2 pets per apartment with a maximum weight of 50 lbs per pet. Pet fees include a $350 one-time pet fee, plus monthly rent of $35. Please reach out to us for breed restrictions.
Do units at Waterstone Place Apartments come with air conditioning?
Yes, units at Waterstone Place Apartments come with air conditioning.
Does Waterstone Place Apartments have a pool?
Yes, Waterstone Place Apartments comes with a pool.
What neighborhood is this property in?
2755 Merlin Lake Dr, Indianapolis, IN, 46229 is in Sheffield Woods.
What are popular apartment communities in Sheffield Woods?
Popular apartment communities in Sheffield Woods include:
Lawrence Landing, 7 Pointe Apartments, CityView on Meridian, 220 Meridian, Quarry at River North.
How far is Waterstone Place Apartments from the city center?
Waterstone Place Apartments is approximately 19 minutes away by car from the city center.
What's the best way to get around the area?
The area around 2755 Merlin Lake Dr, Indianapolis, IN, 46229 is highly car dependent. Few, if any, services and amenities are nearby, making a car essential for running errands. The area has minimal public transportation, with very few options available for commuting. 2755 Merlin Lake Dr, Indianapolis, IN, 46229 is in a somewhat bikeable area, with minimal cycling infrastructure available for use.
What childcare centers are close by?
Nearby childcare centers include Beech Babies Childcare Ministries, In His Arms Child Care, Kelley's Exclusive Child Care.
What schools are close by?
Nearby schools include Warren Online Academy, Lakeside Elementary School, Sunny Heights Elementary School.
What colleges are close by?
Nearby colleges include Vet Tech Institute, International Business College, Ivy Tech Community College.
What are the price ranges for the units in this building?
Prices in Waterstone Place Apartments are at:
- $900-$1,124 for one-bedroom units
- $1,110-$1,503 for two-bedroom units
- $1,312-$1,595 for three-plus-bedroom units
How does this rent compare with rents in Indianapolis?
Rent in Indianapolis averages at $1,266, compared to prices of $900-$1,595 /mo at Waterstone Place Apartments.
Are there any other apartments around for the same amount?
Here are some apartment communities near 2755 Merlin Lake Dr, Indianapolis, IN, 46229 with similar rents: Lawrence Landing, 7 Pointe Apartments, CityView on Meridian, 220 Meridian, Quarry at River North, Summit at Keystone, The Fort Apartments, Glen Ridge Manor Townhomes and Flats (Indy Town), Fountain Parc, The Lodge Apartments.
Are there any specials for this property?
Yes, Waterstone Place Apartments is currently offering the following special(s): One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026., One Lucky Household. One Full Year of Free Rent, households must be in good standing with a zero balance by July 25, 2026..
Does the rent at Waterstone Place Apartments include utilities?
No, utilities are not included in the rent at Waterstone Place Apartments. Tenants are typically responsible for all utilities.
Can I see this property online somehow?
Yes, Waterstone Place Apartments offers online viewing through a visual tour. You'll find it in the photo gallery.
Are there any reviews or ratings related to Waterstone Place Apartments or its management company?
Yes, you’ll find reviews for Waterstone Place Apartments above—see what past and current residents have to say about living here.
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