Updated 5+ Days Ago
Highlights
- Fully renovated
- Laminate wood flooring and tile
- New landscaping
- Energy efficiency
Location
5241 Reed Dr, The Colony, TX 75056, USA
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Amenities for 5241 Reed Dr
Features
| Fireplace | Hardwood Floor |
| Tile Floor |
Grounds
| Outdoor Space |
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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Lease terms | 1+ month |
|---|
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About 5241 Reed Dr
Walk into your new home and enjoy a fully renovated home that has new plumbing, water heater, electrical, HVAC, and new vinyl windows for energy efficiency. Owner has updated everything in the house including laminate wood flooring and tile throughout the house, as well as the kitchen and bathrooms. Outside has new landscaping including a great backyard area. Close to schools and right down the street from Dave Cowan Park. Nothing to do but move in and enjoy.
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 5241 Reed Dr compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.4 mile away
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
- 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
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 75056 |
|---|---|
| Type | House for rent |
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Rent trends in The Colony
4-bedroom apartments at 5241 Reed Dr cost about 25% less than the average rent price for 4-bedroom apartments in The Colony.
Median rents as of Jul 25 2026.
The Colony
| Month | Median Rent |
|---|---|
| August 2024 | $2,771 |
| September 2024 | $2,749 |
| October 2024 | $2,766 |
| November 2024 | $2,875 |
| December 2024 | $2,935 |
| January 2025 | $2,792 |
| February 2025 | $2,750 |
| March 2025 | $2,972 |
| April 2025 | $2,916 |
| May 2025 | $3,016 |
| June 2025 | $3,030 |
| July 2025 | $2,930 |
| August 2025 | $2,896 |
| September 2025 | $2,882 |
| October 2025 | $2,812 |
| November 2025 | $2,912 |
| December 2025 | $2,802 |
| January 2026 | $2,762 |
| February 2026 | $2,707 |
| March 2026 | $2,812 |
| April 2026 | $3,018 |
| May 2026 | $3,003 |
| June 2026 | $2,962 |
| July 2026 | $3,212 |
Affordability calculator
Can I afford to live at 5241 Reed Dr?
Bedrooms
4+ 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
$96,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $96,000 annually to afford this 4-bedrooms monthly rent price of $2,400.
For more information on rent affordability, visit our rent calculator.
Schools near 5241 Reed Dr
B.B. Owen Elementary School
5640 squires dr
the colony, TX, 75056
PK, K-5Public
A
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
Miller Elementary School
300 cypress hill dr
little elm, TX, 75068
PK, K-5Public
A-
Mill Street Elementary School
601 s mill st
lewisville, TX, 75057
PK, K-5Public
C+
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Internet available near 5241 Reed Dr
Neighborhood
Getting around The Colony near 5241 Reed Dr
Walking
3/10
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.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5241 Reed Dr, The Colony
Groceries
5/10
Variety of groceries within a short drive
Shopping
3/10
Some shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
5/10
Variety of bars within a short drive
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