The Colony

Grandscape- Ferris Wheel - Aerial
There are some very nice places to sit back and relax or go for a walk in Grandscape.
1-2 Story Homes - Aerial
You have easy access to and from SR 121 along The Colony and Grandscape.
Picnic areas are also available at the Five Star Complex.

The Colony, TX Area Guide

Ideal North Dallas suburb for lakeside recreation and relaxation

Suburban Peaceful Upscale Active Scenic Lakeside

The Colony, situated along Lewisville Lake's shores, combines lakeside living with suburban convenience in the Dallas-Fort Worth metroplex. With 23 miles of shoreline, residents enjoy year-round water activities and outdoor recreation. The rental market offers diverse housing options from apartments to single-family homes.

Established in 1973 along Highway 121, The Colony has grown into a thriving community of over 44,500 residents. The city features Grandscape, one of North Texas's largest mixed-use developments, offering shopping, dining, and entertainment options. Outdoor enthusiasts appreciate the extensive network of parks and trails throughout the community, including Stewart Creek Park and The Colony Shoreline Trail. The area is served by both Lewisville and Little Elm Independent School Districts, with multiple schools serving the community. The Colony's location provides easy access to major employment centers while maintaining its distinctive lakeside character.

Explore the City

Open- Wide of Lake, Houses, Retail

1-2 Story Homes - Aerial

Picnic areas are also available at the Five Star Complex.

Visit the Five Star Complex and experience its plethora of amenities.

The Colony offers its residents recreation, excitement, and convenience.

Residents of The Colony can enjoy living on the shoreline of Lewisville Lake.

Rent Trends

As of March 2026, the average apartment rent in The Colony, TX is $1,361 for a studio, $1,563 for one bedroom, $2,135 for two bedrooms, and $2,879 for three bedrooms. Apartment rent in The Colony has decreased by -3.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,563/month
770 Sq Ft
House
$3,590/month
2,443 Sq Ft
Townhome
$2,430/month
1,603 Sq Ft
See Rental Market Trends in The Colony, TX

Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly The Colony, TX is for everyday living.

Car-Dependent

43 / 100

This area is considered a car-dependent area and most errands will require a car.

Minimal Transit

1 / 100

You'll likely want a car when living in this area since it has few transit options.

Somewhat Bikeable

39 / 100

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.

Schools

Morningside Elementary School

Public

Grades PK-5

Ethridge Elementary School

Public

Grades K-5

B B Owen Elementary School

Public

Grades PK-5

Camey Elementary School

Public

Grades PK-5

Griffin Middle

Public

Grades 6-8

Lakeview Middle

Public

Grades 6-8

The Colony High School

Public

Grades 9-12

Points of Interest

Parks and Recreation

  • Arbor Hills Nature Preserve
  • Lewisville Lake Environmental Learning Area
  • Environmental Education Center
  • Coppell Community Garden
  • Elm Fork Preserve

Airports

  • Dallas-Fort Worth International
  • Dallas Love Field

Top Apartments in The Colony

Houses for Rent in The Colony

Property Management Companies in The Colony, TX

Search Nearby Rentals

Methodology

† 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 February 2026.