Sorrel Phillips Creek Ranch
5050 FM 423,
Frisco, TX 75036
$1,215 - $2,821
1-3 Beds
Little Elm and The Colony, both located in Denton County, provide residents with a comfortable suburban lifestyle in these small but vibrant communities. Their proximity to Lake Lewisville makes them a favored spot for those who love outdoor activities, such as boating and fishing. These upscale, suburban communities give residents easy access to many other major suburbs in the Dallas area, including Denton, Frisco and Lewisville, among others. Residents enjoy easy access to Downtown Dallas as well, which sits 30 minutes to the south of The Colony by way of Dallas North Tollway.
As of January 2026, the average apartment rent in The Colony is $1,309 for one bedroom, $1,585 for two bedrooms, and $1,989 for three bedrooms. Apartment rent in The Colony has decreased by -3.4% in the past year.
1 BR
717 sq ft
Average Sq Ft
$1,309/month
Average Rent
2 BR
1,102 sq ft
Average Sq Ft
$1,585/month
Average Rent
3 BR
1,301 sq ft
Average Sq Ft
$1,989/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.