Apartments in The Colony, TX
Experience unparalleled entertainment and premier lakeside living in The Colony, the “City by the Lake.”
General Information
The Colony is a dynamic, rapidly transforming city in Denton County, widely celebrated as the “City by the Lake” due to its extensive shoreline along Lewisville Lake. Once a quiet bedroom community, it has exploded into a major regional entertainment and retail destination. The city is famously home to the Grandscape development, a sprawling 400-acre mixed-use project anchored by Nebraska Furniture Mart and SCHEELS, featuring luxury apartments, high-end dining, and the Andretti Indoor Karting & Games complex. This single development has fundamentally changed The Colony’s identity, drawing visitors from across the Metroplex and creating a vibrant, walkable urban core where none existed before.
For renters, The Colony offers an incredible, highly sought-after lifestyle. You can choose between brand-new, ultra-modern mid-rises within the walkable Grandscape district, or opt for resort-style communities that offer direct access to the lake’s trails and marinas. The city is a premier location for those who want resort-style living with major urban amenities at their doorstep, all at a price point that remains more accessible than neighboring Frisco or Plano.
Historical & Geographic Context
Originally Peters Colony land grants in the 1840s, the modern city was master-planned in the 1970s by Fox & Jacobs and officially incorporated in 1977. Its transformation accelerated with the expansion of the Sam Rayburn Tollway (State Highway 121), which fundamentally altered its accessibility. Geographically, it is bordered by Lewisville Lake to the west, Frisco to the north and east, and Plano to the south. The tollway acts as its central artery, providing immediate access to the corporate hubs in the Platinum Corridor.
Demographics
| Metric | Data |
|---|---|
| Population | ~45,000 |
| Median Age | 35 years |
| Median Household Income | $98,000 |
| Renter Percentage | 38% |
| Average Commute Time | 28 minutes |
Rental Prices (Spring 2026)
| Unit Type | Price Range |
|---|---|
| Studio | $1,400 – $1,650/mo |
| 1 Bedroom | $1,550 – $2,100/mo |
| 2 Bedroom | $2,100 – $2,800/mo |
| 3 Bedroom | $2,700 – $3,500/mo |
Schools & Education
The Colony is served by the Lewisville Independent School District (LISD), with eastern portions falling into the Little Elm Independent School District (LEISD).
- Morningside Elementary School (LISD): A highly rated elementary school known for strong academics and active community involvement.
- Griffin Middle School (LISD): A highly regarded middle school offering diverse programs and strong extracurriculars.
- The Colony High School (LISD): The historic high school serving the city, renowned for its athletic traditions and academic programs.
- Prestwick STEM Academy (LEISD): A highly acclaimed K-8 school serving the eastern portion of the city, focusing on science, technology, engineering, and mathematics.
Things to Do in The Colony
A 400-acre premier mixed-use development featuring Nebraska Furniture Mart, SCHEELS, Andretti Indoor Karting, high-end dining, and luxury apartments.
A 29,000-acre reservoir offering boating, fishing, and recreation directly accessible from the city’s western shoreline.
A popular family waterpark offering wave pools, lazy rivers, and thrilling slides for summer entertainment.
An expansive community park offering sports fields, walking trails, and a playground.
A premier golf entertainment complex offering climate-controlled hitting bays and a vibrant social atmosphere.
Why Choose A OK Apartment Locators for The Colony
The Colony rental market in 2026 is competitive and growing rapidly, driven by the continued success of the Grandscape development and the city’s exceptional lakeside setting. The difference between a luxury mid-rise in the heart of Grandscape, with walkable access to dozens of restaurants and entertainment options, and a quieter, resort-style community near the lake requires local expertise to navigate. The school district boundary between LISD and LEISD also adds a layer of complexity for families.
A OK Apartment Locators knows The Colony market intimately. We understand the Sam Rayburn Tollway commute dynamics and which neighborhoods offer the most reliable drive times to Frisco and Plano. We track which new developments are currently in lease-up and offering the most aggressive move-in specials. We also understand the school district boundaries and can help families identify the right apartment for their educational priorities.
Our service is completely free to renters. Whether you prioritize walkable access to Grandscape, lakeside living on Lewisville Lake, or the best possible value for a modern apartment, we have the connections to find it.
Ready to Find Your The Colony Apartment?
Don’t navigate The Colony rental market alone. Contact A OK Apartment Locators today and let our expert team match you with the perfect apartment in this incredible, entertainment-rich city. Your ideal home is waiting.
Browse Apartments in The Colony, Texas
8 apartments availableNearby Areas We Serve
Looking for apartments near The Colony? We also help renters find apartments in these nearby areas:
Nearby Areas in North DFW
Looking at other neighborhoods in the same part of DFW?