The Colony

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The Colony, TX

Area Guide

Ideal North Dallas suburb for lakeside recreation and relaxation

Suburban Peaceful Upscale Family-Friendly 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. Current rental rates average $1,617 for one-bedroom units and $2,110 for two-bedroom 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.

Rent Trends

As of January 2026, the average apartment rent in The Colony, TX is $1,362 for a studio, $1,570 for one bedroom, $2,081 for two bedrooms, and $2,840 for three bedrooms. Apartment rent in The Colony has decreased by -3.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,570/month
769 Sq Ft
House
$3,065/month
2,314 Sq Ft
Townhome
$2,792/month
1,894 Sq Ft
See Rental Market Trends in The Colony, TX

Transportation

43

Car-Dependent

out of 100 WalkScore® Rating

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

1

Minimal Transit

out of 100 TransitScore® Rating

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

39

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.

Schools

Ethridge Elementary School

Public

Grades K-5

368 Students

Morningside Elementary School

Public

Grades PK-5

364 Students

Camey Elementary School

Public

Grades PK-5

490 Students

B B Owen Elementary School

Public

Grades PK-5

263 Students

Peters Colony Elementary School

Public

Grades PK-5

532 Students

Griffin Middle

Public

Grades 6-8

755 Students

Lakeview Middle

Public

Grades 6-8

426 Students

The Colony High School

Public

Grades 9-12

1,895 Students

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 November 2025.