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-Known as the "City by the Lake," The Colony offers 23 miles of shoreline along Lewisville Lake, providing waterfront living opportunities rare in the Dallas metro area. The city began as a planned community in 1973, named after the historic Peters Colony settlement that once occupied the land, giving residents a connection to Texas heritage while enjoying modern amenities.
Renters in The Colony appreciate the mix of established neighborhoods and new developments, particularly in areas near the lake and the Grandscape complex. This 400-acre development features shopping, dining, and entertainment options, including the Nebraska Furniture Mart. The median household income of $105,434 reflects the area's appeal to professionals seeking rental homes and apartment communities. Average rental rates start around $1,617 for one-bedroom units, with spacious three-bedroom options averaging $2,885 per month.
Located just 25 miles north of downtown Dallas, The Colony provides convenient access to major employment centers throughout the Dallas-Fort Worth metroplex. Commuters benefit from proximity to the Sam Rayburn Tollway (SH 121) and easy connections to I-35E and the Dallas North Tollway. The city's 17 square miles include numerous parks, trails, and golf courses, making it ideal for renters who value outdoor recreation alongside suburban comfort and convenience.
Frequently Asked Questions
Average Rent Rates
What's the average rent for an apartment in The Colony, TX?
Apartment averages in The Colony, TX varies based on size.
- $1,551 for a 1-bedroom apartment in The Colony, TX
- $2,074 for a 2-bedroom apartment in The Colony, TX
- $2,868 for a 3-bedroom apartment in The Colony, TX
- $3,778 for a 4-bedroom apartment in The Colony, TX
Rental Requirements
Can I find a cheap apartment in The Colony, TX?
There are 150 cheap apartments in The Colony, TX priced as low as $1,364
Can I find a short-term apartment in The Colony, TX?
There are 1245 short-term apartments in The Colony, TX.
Transportation
How do people usually get around The Colony, TX?
Residents in The Colony, TX usually get around by car. According to Walk Score, The Colony, TX falls within the Car Dependent range.
Education
What colleges and universities are in The Colony, TX?
If you’re a college or university student moving to The Colony, TX, ForRent.com can help you find a rental near Collin County CC Preston-Preston Ridge Campus, Collin County CC Courtyard-Courtyard Center Campus, UT Dallas and others.
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The Colony Apartments by Amenity
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The Colony Neighborhoods with Apartments
Apartments near Colleges in The Colony
- Apartments near Collin County Community College-Preston Ridge Campus
- Apartments near Collin County Community College-Courtyard Center Campus
- Apartments near The University of Texas, Dallas
- Apartments near Brookhaven College
- Apartments near DeVry University, Texas-Texas
- Apartments near Collin County Community College-Spring Creek Campus





































