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City Report · TX

The Colony

Pop. 45,454·71st most expensive in Texas·The Colony rents have dropped 6.3%, currently a renter's market
Median rent (all units)
$1,891/mo
Year-over-Year
-6.3%
Month-over-Month
+2.4%
vs US Median
-$74
Rising (Monthly)
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Most AffordableMost Expensive
The Colony · $1,891
More expensive than 52% of US cities · National median $1,965/mo
Rent Reality Score
75/100
Good value
OverheatedFairGreat value

Rents are 12% below what The Colony's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,891/mo
Expected by trend
$2,158/mo
The Rent Reality Score compares today's median rent to where The Colony's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,820
2 BR
$2,130
3 BR
$2,670
4 BR+
$3,430
Research median
$2,130/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,692/yr
At $1,891/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-6.3% YoY, +2.4% MoM), not inventory.
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Demographics

Who lives here

The Colony, TX is majority owner-occupied, has a median income above the national average, 47.7% of residents hold a bachelor's degree or higher.

Population
45,454
Median income
$114,511
Median age
37.8
Renters
40.2%
Age distribution
18.4%
26%
31.6%
12.8%
Under 1818.4%
18–3426%
35–5431.6%
55–6412.8%
65+11.2%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
59.6%
21.2%
White59.6%
Black9.9%
Hispanic21.2%
Asian8.2%
Other1.1%
Education (25+)
18.9%
28.5%
47.7%
No HS diploma5%
HS diploma18.9%
Some college28.5%
Bachelor's+47.7%
Housing tenure
59.8%
40.2%
Owner59.8%
Renter40.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How The Colony, TX has changed in 5 years

Rent
$1,535 → $1,891
up 23.2%
Income
$96,901 → $114,511
up 18.2%
Population
43,489 → 45,454
up 4.5%
Renter share
41.3% → 40.2%
-1.1 pts
Bachelor's+
44.5% → 47.7%
+3.2 pts
Median age
36 → 37.8
+1.8 yrs

The median rent in The Colony, TX stood at $1,535 in 2021 and currently runs about $1,891, reflecting a 23.2% increase over the period. Census figures show median household income at $114,511 today, compared with $96,901 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.5% since 2021, moving from about 43,489 residents to roughly 45,454. College-educated residents now make up 47.7% of adults here, versus 44.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View The Colony rent history (2015–2026) →
Salary vs rent

Can you afford rent in The Colony on your salary?

At $1,891/mo, how The Colony rent compares to typical pay (30% rule).

By apartment size

The Colony rent by bedroom count

Median rent for each apartment size in The Colony. Click any size for full breakdown.

Local insights

Tips for renters in The Colony

About renting in The Colony, TX

Last updated: July 20, 2026

The median rent in The Colony is $1,891/mo as of July 2026. A studio apartment averages $1,730/mo while a 2-bedroom runs $2,130/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,670/mo.

At 20% of local median household income ($114,511/yr), The Colony ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.3% over the past year.

FAQ

Frequently asked questions

Is The Colony an affordable city for renters?

The Colony is considered very affordable for renters. At $1,891/mo, rent takes approximately 20% of the local median household income ($114,511/yr). The standard benchmark is 30%. The Colony falls comfortably within that range.

How much income do you need to rent in The Colony?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,891/mo in The Colony. The local median household income is $114,511/yr, meaning the typical The Colony household meets that threshold.

Is rent going up or down in The Colony?

Rent in The Colony has decreased 6.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does The Colony rent compare to other cities in Texas?

The Colony is one of the pricier cities in Texas for rent, ranking #71 out of 269 tracked cities at $1,891/mo.

Which nearby cities are cheaper to rent in than The Colony?

Several nearby cities have lower median rents than The Colony ($1,891/mo): Addison ($1,571/mo), Lewisville ($1,593/mo), Carrollton ($1,618/mo).

What percentage of The Colony residents rent vs. own?

According to Census data, approximately 40.2% of The Colony households are renters, while 59.8% are owner-occupied. The Colony leans toward homeownership, which can mean a smaller rental inventory.

How does The Colony rent compare to the national average?

The Colony's median rent of $1,891/mo is $74 (4%) below the US national median of $1,965/mo. Within Texas, it ranks #71 out of 269 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,891/mo, rent takes ~20% of The Colony's median household income ($114,511/yr). The standard benchmark is 30%.

The Colony 20%Benchmark 30%
State income taxNone
Run the The Colony affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near The Colony, TX

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