Updated 9 Hours Ago
Highlights
New Construction
Location
4518 W Lake Highlands Dr, The Colony, TX 75056, USA
Tour 4518 W Lake Highlands Dr
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Amenities for 4518 W Lake Highlands Dr
Features
| 2 Floors | Central Air |
| Electric Heating | Hardwood Floor |
| High Ceilings |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Exterior Type: Brick |
Grounds
| Garage Parking | Outdoor Space |
Other
| Exterior Type: Concrete | Exterior Type: Rock |
| Exterior Type: Stone | Exterior Type: Wood 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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 4518 W Lake Highlands Dr
Property Status: Active Sleek and sophisticated, this gorgeous home in the Colony offers 3 beds, and 2.5 baths with a versatile downstairs, flex room that could be used as a formal dining room or home office. The open concept with high ceilings allows for an abundance of natural light showcasing the home's beautiful grey plank wood floors, lustrous white kitchen cabinets, and dazzling, white quartz countertops. Enjoy cool evenings cooking out in the spacious backyard. Buyer must verify schools. Home is available immediately. Pets are welcome and considered case by case ($600 non - refundable per pet). HOA is paid by owners. Need to bring Washer-Dryer-Refrigerator. Mention your broker name and number in online application if applicable. Qualifying criteria Deposit determined by Credit Score. $65 per adult application fee. 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.
Source: North Texas Real Estate Information Systems, Inc.|MLS Listing No. 21425272
Address details
| Zip code | 75056 |
|---|---|
| Type | House for rent |
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Rent trends in The Colony
3-bedroom apartments at 4518 W Lake Highlands Dr cost about 18% more than the average rent price for 3-bedroom apartments in The Colony.
Median rents as of Oct 31 2026.
The Colony
| Month | Median Rent |
|---|---|
| November 2024 | $2,257 |
| 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 | $2,282 |
| April 2026 | $2,298 |
| May 2026 | $2,259 |
| June 2026 | $2,300 |
| July 2026 | $2,373 |
| August 2026 | $2,395 |
| September 2026 | $2,364 |
| October 2026 | $2,442 |
Affordability calculator
Can I afford to live at 4518 W Lake Highlands 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
$114,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $114,000 annually to afford this 3-bedrooms monthly rent price of $2,850.
For more information on rent affordability, visit our rent calculator.
Schools near 4518 W Lake Highlands Dr
Morningside Elementary School
6350 paige rd
the colony, TX, 75056
PK, K-5Public
A-
Vaughn Elementary School
3535 guinn gate dr
frisco, TX, 75034
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-
Talley Elementary
5900 coit rd
frisco, TX, 75035
PK, K-5Public
A
Neighborhood
Getting around The Colony near 4518 W Lake Highlands Dr
Walking
2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
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 4518 W Lake Highlands Dr, The Colony
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
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
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
2/10
Some bars within a short drive
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