Last updated December 14 2025 at 1:29 PM
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Waterstone Place Apartments
Property highlights
Nestled in lush suburban greenery, Waterstone Place Apartments offers a park-like setting in East Indianapolis. Priced well-below the metro average, this community boasts spacious, modern homes with ample amenities including a pool, playground, and dog park where both dogs and cats are welcome. Residents praise the well-maintained environment and friendly, attentive management, ensuring a peaceful and comfortable living experience. The location is ideal, with easy access to transportation and local eateries like Arts Skillet, alongside proximity to Castleton Square and major employers such as Eskenazi Health Center. In your new home, discover sophistication blended with the natural beauty and conveniences you deserve.
- 14 units available
- 1 Bed • 2 Beds • 3+ Beds
- Location
- 2755 Merlin Lake Dr, Indianapolis IN 46229
- Amenities
- 24hr laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
- Price range
- $845 - $1,291 per month
- Commute
Price and Availability
Waterstone Place Apartments apartments start at $845/month. There are 14 available apartments priced from $845 to $1,291. Prices were last verified by Waterstone Place Apartments 2 hours ago.
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Unit 10160A
Avail. now
$849
$853
Unit 10159D
Avail. Apr 5
$884
$889
Unit 10130B
Avail. May 31
$884
$889
Unit 10153E
Avail. now
$974
$979
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Amenities
24hr laundry
Patio / balcony
Dishwasher
Pet friendly
24hr maintenance
Carport
Unit Amenities
air conditioning
carpet
dishwasher
garbage disposal
patio / balcony
refrigerator
range
recently renovated
walk in closets
Property Amenities
dogs allowed
pet friendly
dog park
on-site laundry
parking
playground
pool
trash valet
cats allowed
accessible
24hr laundry
24hr maintenance
bbq/grill
carport
cc payments
e-payments
guest parking
internet access
online portal
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 Far Eastside, 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 for rent in East Indianapolis. Call us today!
Verified reviews
Property Details (Fees & Lease)
Must have 3x the rent in total household income (before taxes)
Pets allowed
Cats, dogs
rent
35.0
limit
2
fee
350.0
restrictions
Pit Bulls, Rottweiler's, Chows, Dobermans.
Explore the Area
Luis's Fresh Market
2.0 mi
Kroger
2.2 mi
Walmart Neighborhood Market
2.4 mi
ALDI
2.4 mi
Walmart Supercenter
2.5 mi
More Than Just Pizza
0.7 mi
Pizza Hut
0.8 mi
O B's Pizza Pub & Eatery
0.8 mi
Domino's
0.8 mi
Wendy's
1.2 mi
Mitthoefer Rd and 21st St
0.8 mi
21st St & Mitthoeffer Rd
0.8 mi
21st St & Mitthoeffer Rd IB
0.8 mi
21st St & Lake Terrace Dr
0.8 mi
21st St & Lake Terrace Dr
0.8 mi
Post-Aire Airport
4.2 mi
Indianapolis Regional Airport
5.2 mi
Morris Airport
9.0 mi
Indianapolis Metropolitan Airport
9.2 mi
Osgood Field
10.5 mi
2 /10
Sunny Heights Elementary School
PublicK-4
503 Students
1.0 mi
2 /10
Lakeside Elementary School
PublicK-4
560 Students
1.0 mi
2 /10
Stonybrook Middle School (7-8)
Public7-8
617 Students
1.1 mi
2 /10
Andrew J Brown Academy
CharterK-8
646 Students
1.3 mi
3 /10
Warren Central High School
Public9-12
3,829 Students
1.3 mi
Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.
Grassy Creek Regional Park
0.6 mi
Grassy Creek Park
1.0 mi
Bellamy Park
1.2 mi
Dubarry Park
1.7 mi
Dubarry Park
1.7 mi
Warren Branch Indianapolis-Marion County Public Library
0.9 mi
Warrior Stadium
1.1 mi
Warren Perfoming Arts Center
1.4 mi
Community Association Far Eastside
1.8 mi
AMC Washington Square 12
2.0 mi
30th Street Animal Hospital
1.6 mi
PetSmart
2.5 mi
The Fuffy Puppy
4.1 mi
Irvington Pet Clinic
4.2 mi
City Way Animal Clinic - Irvington
5.2 mi
Getting Around
Walk & Transit Scores
Walk Score: 13 — Car-Dependent, car required for most daily activities.Transit Score: 22 — Minimal public transit access available nearby.Public Transit Access
The area benefits from access to public transit options, such as 2 nearby routes: 2 bus, 0 rail, 0 otherNearby public transit stops include:
- Mitthoefer Rd and 21st St (~0.75 mi)
- 21st St & Mitthoeffer Rd (~0.79 mi)
- 21st St & Mitthoeffer Rd IB (~0.8 mi)
- 21st St & Lake Terrace Dr (~0.83 mi)
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Frequently Asked Questions (FAQs)
Waterstone Place Apartments has 14 units available starting at $845 per month. Check out the Price and Availability section for the most up-to-date unit information.
In Indianapolis, IN, the average rent is $1,215 for a studio, $1,262 for a 1-bedroom, $1,495 for a 2-bedroom, and $1,752 for a 3-bedroom. For more information on rental trends in Indianapolis, IN, check out our monthly Indianapolis, IN Rent Report.
Some of Waterstone Place Apartments's amenities include 24hr laundry, patio / balcony, and dishwasher. To see the other amenities this property offers, check out the Amenities section.
Waterstone Place Apartments is not currently offering any rent specials.
Yes, Waterstone Place Apartments is pet-friendly.
Yes, Waterstone Place Apartments offers parking.
No, Waterstone Place Apartments does not offer units with in unit laundry.
Yes, Waterstone Place Apartments has a pool.
Yes, Waterstone Place Apartments has accessible units.
Yes, Waterstone Place Apartments has units with dishwashers.