Waterstone Place Apartments

📍 2755 Merlin Lake Dr, Indianapolis, IN 46229

📋 Property Overview

This home in Indianapolis, Indiana comes with 1 bd, 1 ba. Interior space is 190 sq ft. Monthly rent ranges $581-$5,283. Inside, the home includes air conditioning, range, walk in closets and garbage disposal. The building offers pool, 24hr maintenance, 24hr laundry and on-site laundry. The building dates from 1970. There are 192 units in total. Pets are allowed (cats and dogs), with pet rent of $35. Parking on site includes covered parking. Leases run 15 months. Availability: Available now. The Walk Score here is 13, meaning most errands need a car. Transit Score is 22.

🚶 Getting Around

• Walk Score13/100

  Car-Dependent

• Transit Score22/100

  Minimal Transit

💵 Costs & Lease

Deposit

If approved and qualified, applicants have the option to choose between paying a refundable security deposit or monthly non-refundable deposit waiver fee. This fee is paid throughout their entire resi

Lease length

15 months

Units available

141 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• Three Bedroom, One Bath3 bd · 1 ba · 1,006 sq ftNone available right now

🧾 Move-in Costs & Lease

Security deposit

If approved and qualified, applicants have the option to choose between paying a refundable security deposit or monthly

Lease length

15 months

Also available

9, 10, 11, 12, 14 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Indiana renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 388,827 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

📋 Screening Criteria

What this property looks at when reviewing an application.

Evictions on record

Not accepted

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

Pet rent

$35

One-time pet fee

$350

Limit

2 pets

Restrictions

Pit Bulls, Rottweiler's, Chows, Dobermans.

✨ Features & Details

• Pet Friendly
• 24hr laundry
• Patio / balcony
• Dishwasher
• 24hr maintenance
• Carport
• Air conditioning
• Carpet
• Garbage disposal
• Refrigerator
• Range
• Recently renovated
• Walk in closets
• Dogs allowed
• Dog park
• On-site laundry
• Parking
• Playground
• Pool
• Trash valet
• Cats allowed
• Accessible
• Bbq/grill
• CC payments
• E-payments
• Guest parking
• Internet access
• Online portal
• 686 sq ft
• 710 sq ft
• 798 sq ft
• 793 sq ft
• 886 sq ft
• 910 sq ft
• 1072 sq ft
• 692 sq ft
• 776 sq ft
• 1009 sq ft
• 1815 sq ft
• 645 sq ft
• 600 sq ft
• 741 sq ft
• 902 sq ft
• 803 sq ft
• 1120 sq ft
• 1250 sq ft
• 969 sq ft
• 787 sq ft
• 1098 sq ft
• 1176 sq ft
• 537 sq ft
• 572 sq ft
• 590 sq ft
• 587 sq ft
• 661 sq ft
• 687 sq ft

📊 Property Facts

Walk Score

13 · Car-Dependent

Transit Score

22 · Minimal Transit

🚗 Parking

• Covered parking

🏡 Floor Plans

Not every unit at this property is listed here. Prices start at $581.