5+ Days Ago
Highlights
- Refrigerator included
- Newly renovated home
Location
4940 Watkins Dr, The Colony, TX 75056, USA
Tour 4940 Watkins Dr
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Amenities for 4940 Watkins Dr
Apartment Amenities
| Fireplace |
Appliances
| Dishwasher | In-Unit Laundry |
Grounds
| Garage Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 4940 Watkins Dr
Property Status: Active Welcome to your newly renovated home in The Colony. This stunning 3 bedroom, 2 bathroom residence offers comfort, style, and convenience in a highly sought-after neighborhood and large corner lot. Pets are welcome with prior approval. Online application process. This property is not available for tenants with a move in date more than 30 days from date available, more than 2 pets, an income less than 3.0x rent, a bankruptcy less than 5 years old, a judgment less than 7 years old, an eviction less than 7 years old, or any unmet property requirements. 24 month minimum verifiable rental history required. Refrigerator included. Office Phone: (844) 819-1373 Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4940 Watkins Dr compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Zip code | 75056 |
|---|---|
| Type | House for rent |
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Rent trends in The Colony
3-bedroom apartments at 4940 Watkins Dr cost about 2% less than the average rent price for 3-bedroom apartments in The Colony.
Median rents as of Jan 31 2026.
The Colony
| Month | Median Rent |
|---|---|
| February 2024 | $2,325 |
| March 2024 | $2,323 |
| April 2024 | $2,351 |
| May 2024 | $2,428 |
| June 2024 | $2,363 |
| July 2024 | $2,279 |
| August 2024 | $2,272 |
| September 2024 | $2,296 |
| October 2024 | $2,300 |
| November 2024 | $2,250 |
| December 2024 | $2,296 |
| January 2025 | $2,266 |
| February 2025 | $2,237 |
| March 2025 | $2,216 |
| April 2025 | $2,293 |
| May 2025 | $2,331 |
| June 2025 | $2,334 |
| July 2025 | $2,295 |
| August 2025 | $2,225 |
| September 2025 | $2,207 |
| October 2025 | $2,203 |
| November 2025 | $2,294 |
| December 2025 | $2,260 |
| January 2026 | $2,283 |
Affordability calculator
Can I afford to live at 4940 Watkins Dr?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$90,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 3-bedrooms monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.
Schools near 4940 Watkins Dr
Morningside Elementary School
6350 paige rd
the colony, TX, 75056
PK, K-5Public
A-
Lewisville Learning Center
1601 s edmonds ln
lewisville, TX, 75067
K-12Public
B
Lillie J. Jackson Early Childhood Center
1651 s valley pkwy
lewisville, TX, 75067
PKPublic
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Internet available near 4940 Watkins Dr
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around The Colony near 4940 Watkins Dr
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 4940 Watkins Dr, The Colony
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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