5+ Days Ago
Location
5116 Shannon Dr, The Colony, TX 75056, USA
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Amenities for 5116 Shannon Dr
Features
| Carpet | Ceiling Fan |
| Central Air | Electric Heating |
| Fireplace | High Ceilings |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Exterior Type: Brick | Roof Type: Composition |
Grounds
| Garage Parking | Outdoor Space |
| Storage |
Other
| Ceiling Fans | Exterior Type: Vinyl Siding |
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 5116 Shannon Dr
Property Status: Active Nice home with granite countertops and tumbled marble backsplash in kitchen, ceramic flooring in kitchen and bathrooms, luxury vinyl plank in living and halls, carpet in bedrooms, good sized back yard with storage building. PLEASE SEE APPLICATION REQUIREMENTS IN MLS TRANSACTION DESK Office Phone: (214) 750-5675 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 5116 Shannon Dr compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
- High school nearby
- There is a high school 1 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Zip code | 75056 |
|---|---|
| Type | House for rent |
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Rent trends in The Colony
3-bedroom apartments at 5116 Shannon Dr cost about 13% less than the average rent price for 3-bedroom apartments in The Colony.
Median rents as of Mar 21 2026.
The Colony
| Month | Median Rent |
|---|---|
| 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 |
| February 2026 | $2,299 |
| March 2026 | $2,281 |
Affordability calculator
Can I afford to live at 5116 Shannon 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
$79,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 3-bedrooms monthly rent price of $1,995.
For more information on rent affordability, visit our rent calculator.
Schools near 5116 Shannon Dr
Peters Colony Elementary School
5101 nash dr
the colony, TX, 75056
PK, K-5Public
B+
Vaughn Elementary School
3535 guinn gate dr
frisco, TX, 75034
PK, K-5Public
A
Talley Elementary
5900 coit rd
frisco, TX, 75035
PK, K-5Public
A
Mill Street Elementary School
601 s mill st
lewisville, TX, 75057
PK, K-5Public
C+
Miller Elementary School
300 cypress hill dr
little elm, TX, 75068
PK, K-5Public
A-
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Internet available near 5116 Shannon Dr
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around The Colony near 5116 Shannon Dr
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 5116 Shannon Dr, The Colony
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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Check availability
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