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4940 Watkins Dr, The Colony, TX 75056, USA
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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 © 2025 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.
Source: North Texas Real Estate Information Systems, Inc.|MLS Listing No. 21136697
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 the same as the average rent price for 3-bedroom apartments in The Colony.
Median rents as of Dec 20 2025.
The Colony
| Month | Median Rent |
|---|---|
| January 2024 | $2,306 |
| 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 | $2,263 |
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
Explore the area around 4940 Watkins Dr
Kroger
6805 Main St
Tom Thumb
5510 FM 423
Walmart Supercenter
4691 State Highway 121
Kroger Marketplace
4620 State Highway 121
ALDI
6150 N Josey Ln
Thrift Giant
5000 Main St
Pink Lion Boutique
5513 Eagle River Dr
Custom Logo Wear USA LLC
1635 Torrey Pines Ln
Ross Dress For Less
4711 State Highway 121
SCHEELS
4450 Destination Dr
Donut Palace
6805 Main St
Master Doughnut Shop 2
5201 S Colony Blvd
Shipley Do-nuts
4911 Main St
Dunkin'
4907 Main St
Scooter's Coffee
4740 S Colony Blvd
Rix Sports Bar
6700 Main St
Nick's Bar & Grill
5110 Paige Rd
Lakes Lanes Bowling Alley
5000 Main St
The Rice Bar
5401 S Colony Blvd
Stan's Lakeview Draft House
4847 Main St
Kirana Caf+
Iheart Kolache
3805 Main St
Juliegs Sweets Bakery
5768 Grandscape Blvd
Natural Wellness Center
3751 Main St
Walmart Bakery
4691 State Highway 121
North Colony and Ragan Road Park
Dave Cowan Park
Bridges Park
Lions Club Park
Lions Club Park
China Star
6700 Main St
Mrjims Pizza-the Colony
6700 Main St
Donut Palace
6805 Main St
Little Caesars
6805 Main St
Subway
6805 Main St
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