Mustang I Townhome Apartments in San Luis Obispo, CA

Q: When is the leasing office open?

The office Hours for Mustang I Townhome are: Monday 9:00 am–7:00 pm ,Tuesday 9:00 am–7:00 pm ,Wednesday 9:00 am–7:00 pm ,Thursday 9:00 am–7:00 pm ,Friday 9:00 am–7:00 pm ,Saturday 10:00 am–5:00 pm ,Sunday Closed,

Contact

Mustang I Townhome

1 Mustang Dr
San Luis Obispo, CA 93405
(805) 321-1377

Student Housing

Studio–4 Bedrooms
$1,150-$2,253 Pricing
376–4,500 Square Feet

About Mustang I Townhome

Mustang Village is more than just a place to store your stuff; it's a community designed with you in mind, a social and academic crossroads, a center where your day begins and ends. Our spacious apartments are filled with unique features intended to ensure that our residents are comfortable. The fully furnished apartments, on-site community park, and planned activities will help you feel so much at home you'll never want to leave!

Mustang I Townhome is located in the San Luis Obispo Neighborhood and 93405 Zip code of San Luis Obispo, CA. This community is professionally managed by Asset Campus Housing, Inc.

Property Contact Info

Listed by:
Agency:
Vendor Logo:
Website:: View Property Website
Call Us:: (805) 321-1377
Disclaimer:

Ask About Our Move-In Specials

Office Hours

Monday	9:00 am–7:00 pm
Tuesday	9:00 am–7:00 pm
Wednesday	9:00 am–7:00 pm
Thursday	9:00 am–7:00 pm
Friday	9:00 am–7:00 pm
Saturday	10:00 am–5:00 pm
Sunday	Closed

Floorplan Pricing and Availability

Mustang I Townhome offers Studio to 4 Bedroom apartments starting from $1,150 and having 376–4,500 sq ft. Here is the current pricing and availability:

Studio
2 Bedrooms
3 Bedrooms
4 Bedrooms

Studio
Sort by
Studio Creekside Renovated
$2,102
Studio, 1 Bath, 376 sq ft
Available Now
Cheapest StudioThis is the cheapest Studio at this Property
Availability Details
Price Availability Date Unit Sq Ft Property Map
$2,102 Available Now Private 376
Model Amenities and Features
Features
Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower
Kitchen
Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator
Unit Private Gallery
Property Map
Unit Private Rent and Fees
Unit Price
$2,102
Model Rent and Fees
Price
$2,102
Apartment Unit: PrivateApartment Model: Studio Creekside Renovated$2,102Studio, 1 Bath, 376 sq ftAvailable Now
Studio Balcony Renovated
$2,253
Studio, 1 Bath, 376 sq ft
Available Now
Availability Details
Price Availability Date Unit Sq Ft Property Map
$2,253 Available Now Private 376
Model Amenities and Features
Features
Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower
Kitchen
Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator
Unit Private Gallery
Property Map
Unit Private Rent and Fees
Unit Price
$2,253
Model Rent and Fees
Price
$2,253
Apartment Unit: PrivateApartment Model: Studio Balcony Renovated$2,253Studio, 1 Bath, 376 sq ftAvailable Now
Studio Classic Renovated
Studio, 1 Bath, 376 sq ft
Availability Details
Price Availability Date Unit Sq Ft
$2,070 Call for Availability Studio Classic Renovated 376 sq ft
Model Amenities and Features
Features
Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower
Kitchen
Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator
Model Rent and Fees
Model Price
$2,070
Show Unavailable Floorplans

Price	Availability Date	Unit	Sq Ft	Property Map
$2,102	Available Now	Private	376

Price	Availability Date	Unit	Sq Ft	Property Map
$2,253	Available Now	Private	376

Price	Availability Date	Unit	Sq Ft
$2,070	Call for Availability	Studio Classic Renovated	376 sq ft

2x2 TH Upgraded

From $1,185

2 Beds, 2 Baths, 944 sq ft

Available Now

Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

Availability Details

Price	Availability Date	Unit	Sq Ft	Property Map	View Details
$2,115/person	Available Now	Private Upgraded	944		View Details Below
$1,185/person	Available Now	Shared Upgraded	944		View Details Below

Model Amenities and Features

Features

Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower

Kitchen

Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator

Model Rent and Fees

Model Price Range

$1,185 - $2,115

Unit Private Upgraded Rent and Fees

Unit Price

$2,115

Model Rent and Fees

Model Price Range

$1,185 - $2,115

Unit Shared Upgraded Rent and Fees

Unit Price

$1,185

Model Rent and Fees

Model Price Range

$1,185 - $2,115

2x2 TH

2 Beds, 2 Baths, 944 sq ft

Availability Details

Price	Availability Date	Unit	Sq Ft
From $1,150	Call for Availability	2x2 TH	944 sq ft

Model Amenities and Features

Features

Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower

Kitchen

Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator

Model Rent and Fees

Model Price Range

$1,150 - $1,919

2x2 Flat

2 Beds, 2 Baths, 884 sq ft

Available Now

Model Gallery

Floorplans

Availability Details

Price	Availability Date	Unit	Sq Ft	Property Map
$1,984/person	Available Now	Private	884

Unit Private Amenities and Features

Features

High Speed Internet Access
Smoke Free

Unit Private Rent and Fees

Unit Price

$1,984

Model Rent and Fees

Price

$1,984

Show Unavailable Floorplans

3 Bedrooms
3x2 TH
3 Beds, 2 Baths, 1416 sq ft
Availability Details
Price Availability Date Unit Sq Ft
$1,350 Call for Availability 3x2 TH 1416 sq ft
Model Amenities and Features
Features
Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower
Kitchen
Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator
Model Rent and Fees
Model Price
$1,350
4 Bedrooms
4x1 Flat
4 Beds, 1 Bath, 4500 sq ft
Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft
$1,490 Call for Availability 4x1 Flat 4500 sq ft
Model Amenities and Features
Features
Cable Ready
Ceiling Fans
Heating
High Speed Internet Access
Smoke Free
Tub/Shower
Kitchen
Dishwasher
Disposal
Freezer
Microwave
Oven
Range
Refrigerator
Model Rent and Fees
Model Price
$1,490
Apartment Model: 4x1 Flat$1,4904 Bedroom, 1 Bath, 4500 sq ftUnavailable
4x1 Flat - Floorplan

Price	Availability Date	Unit	Sq Ft
$1,350	Call for Availability	3x2 TH	1416 sq ft

Price	Availability Date	Unit	Sq Ft
$1,490	Call for Availability	4x1 Flat	4500 sq ft

Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Request Tour

Call us at: (805) 321-1377 to request a tour.

Property Information

513 Units
3 Stories
Built in 1973
Furnished

Lease Terms

12 mo

Ask About Our Lease Terms

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Ask About Our Fees

Required Fees

One-Time Basics

Due at Application: Application FeeiCharged Per Applicant.$50.00; Application Fee Per ApplicantiCharged per applicant.$30.00
Due at Move-In: Security DepositiCharged Per Unit.$650.00

Other Fees and Policies

Pet Fees

Cat: Pet DepositiMax of 2. Charged Per Pet.$300.00; Monthly Pet FeeiMax of 2. Charged Per Pet.$35.00
Dog: Pet DepositiMax of 2. Charged Per Pet.$300.00; Monthly Pet FeeiMax of 2. Charged Per Pet.$35.00

Find Out About Our Pet Policy

Parking Info and Fees

Surface Lot

Covered

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

On-Site Services

Package Service
Community Wide Wi Fi
Recycling
Renters Insurance Program
Laundry Facilities

Community Features

Business Center
Clubhouse
Elevator

Outdoor Features

Picnic Area

Recreation and Fitness

Fitness Center
Walking/Biking Trails
Pool

Interior Features

Heating
Ceiling Fans
High Speed Internet Access
Tub/Shower
Cable Ready
Smoke Free

Kitchen Amenities

Oven
Range
Refrigerator
Dishwasher
Microwave
Disposal
Freezer

Living Area Features

Vinyl Flooring
Window Coverings

Student Features

Study Lounge

Ask About Our Amenities

Getting Around

50 / 100 Fairly walkable
Some day-to-day needs are within walking distance
20 / 100 Limited public transit
Transit is available for some trips
80 / 100 Very Bikeable
Highly suitable for bicycle commuting and/or recreation
100 / 100 Exceptionally car friendly
Excellent access to freeways and/or major arteries, with almost no chance of parking problems

Scores provided by

details

Getting to Know the Area

70 / 100 Restaurants
Variety of restaurants within a few minutes
70 / 100 Cafes
Variety of cafés within a few minutes
60 / 100 Nightlife
Several bars within a few minutes
60 / 100 Shopping
Several shops within a few minutes
60 / 100 Noise Level
Few sources of noise nearby

Scores provided by

Frequently Asked Questions about Mustang I Townhome

Where is Mustang I Townhome located?

Mustang I Townhome is located at 1 Mustang Dr near the San Luis Obispo area of San Luis Obispo, CA

What is the current rent range at Mustang I Townhome?

Studio to 4 Bedroom Apartments at Mustang I Townhome currently range from $1,150 to $2,253

When is the leasing office open?

The office Hours for Mustang I Townhome are
Monday 9:00 am–7:00 pm
Tuesday 9:00 am–7:00 pm
Wednesday 9:00 am–7:00 pm
Thursday 9:00 am–7:00 pm
Friday 9:00 am–7:00 pm
Saturday 10:00 am–5:00 pm
Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

Cost Per Sq.Ft. 3.2
The Cost Per Square Foot rating shows you the average cost per square foot for floorplans at this community in relation to the local average.

Affordability Great Value3.8

The Mustang I Townhome Apartments are 44.25% cheaper than the average apartment in the San Luis Obispo area.

Rent Comparison to the San Luis Obispo Neighborhood

Floorplan	Lowest Price Here	Neighborhood Avg Rent	Nbhd Avg Rent	Cost Difference
Studio	$2,070	$2,349	-$279	-11.9%
2 Bedroom	$1,150	$2,828	-$1,678	-59.3%
3 Bedroom	$1,350	$3,474	-$2,124	-61.1%
4 Bedroom	$1,490	$2,692	-$1,202	-44.7%

Methodology: On 08/19/2026, ApartmentHomeLiving.com compared current rents by floorplan to 204 other apartment communities in the immediate area around Mustang I Townhome (San Luis Obispo) using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

Rent Pricing Data as of 08/19/2026

Active Lifestyle 3.2
From fitness centers to pools to putting greens, Active Lifestyle apartments feature local listings with the most amenities that support an always active lifestyle.
Rating Factors
This 3.2-star Active Lifestyle rating is based on the following features:
- Walking/Biking Trails
- Swimming Pool(s)
- Fitness Center
- Picnic Area
Family Friendly 3.2
Family Friendly apartments feature the best community amenities for larger families like larger floorplans, playgrounds and day care options.
Rating Factors
This 3.2-star Family Friendly rating is based on the following features:
- Community-Wide WiFi
- Fitness Center
- Walking/Biking Trails
- Smoke Free Options
- Package Service
- Elevator(s)
- Swimming Pool(s)
- Dishwashers
- High Speed Internet Access
- Window Coverings
- Vinyl Flooring
- Freezers
- Disposals
- Tub/Showers
- Ceiling Fans
- Heating
- Picnic Area
- Laundry Facilities
- Renters Insurance Programs
- Cable Ready
See more
See less

Learn more about Lifestyle Search

Renters Reviews and Ratings

2.2

13 Renters Reviews

Sort by

Showing 1-12 of 13 Reviews

Meh

February 29, 2024 - Review from Apartments.com

I really did not like living in mustang village. The proximity to school was very nice and a short walk however the laundry situation was awful. It’s $5 for one load and the app does not work in the physical laundry room, and it will also sometimes glitch and make you pay double. I tried to request a refund numerous times but it was very difficult and I have yet to see the money. Parking is also extremely expensive, I would recommend getting an assigned spot makes life 10x easier. Mustang ...

village also has a mouse problem. The place was poorly built which lead to many holes in the wall therefore many mice have found their way into our home and others as well. I have had to trap over 3 mice myself even after submitting a request to get the situation fixed. It was an extremely frustrating situation. In general this place was built to mainly make a profit from the students without really any regard to their comfort. Thank you.

Property Manager Responded

March 6, 2024

We appreciate your feedback and apologize for the challenges you've experienced during your time at Mustang Village Apartments. We're sorry to hear about the issues with the laundry situation, parking, and mice problem. Your concerns are important to us, and we are actively working to address them and improve our residents' experiences. Please know that we take your feedback seriously and are committed to making necessary improvements. If you have any further concerns or need assistance, please don't hesitate to reach out to us directly. 805.783.2500 or at mustangvillage@assetliving.com Best, Mustang Village Management

Beats being homeless....?

April 27, 2022 - Review from Apartments.com

If you want to host massive parties, slam doors so hard your neighbors things fall over, punch walls at 3am, threaten other people, vandalize property, and blast your speakers at max 24/7, this is the place for you! You're in good company here. That's right, all this and more and management will not. do. a. single. thing! Don't forget world-class amenities such as extensive mold infestations, mold in the washers, walls so thin you can hear someone's AirPods, and cheap cardboard ...

appliances/cabinets with a nice fresh coat of paint to hide it all. Do not live here unless you are about to literally be homeless. And say goodbye to your deposit. Record all interactions with management. And buy a gun.

Property Manager Responded

May 19, 2022

We regret that you have had an unpleasant experience. Resident satisfaction is extremely important to us. Please give us the opportunity to change your opinion. Your review is anonymous, so we ask that you contact us to rectify your concerns. We can be reached at 805-783-2500.Tracy Anders Community Manager

Mustang Village 2

December 7, 2020 - Review from Apartments.com

MV is honestly one of the best apartments in SLO! the room sizes are AMAZING and I love being able to have a full bed instead of a twin XL. the laundry rooms are conveniently located throughout the property, although the machines are a little small so it does get expensive (if you're doing bigger loads of laundry). These apartments are also very conveniently located close to campus & other dining options. There are some instances where it gets a little noisy, but I haven't heard of any college ...

town apartments that are 100% quiet :)

Property Manager Responded

December 17, 2020

We really appreciate you taking the time to leave this positive review! Your time is valuable, and you spent some of that time to compliment us – THANK YOU SO MUCH! Let us know what we can do to keep you happy! Our management office is open M-F 9-7 805-783-2500 mustangvillage@assetliving.comTracy Anders-Community Manager

Great place to live

December 7, 2020 - Review from Apartments.com

I live in a two bedroom townhome in Mustang. The courtyards are kept up and are very nice. My apartment is nice few things need updating or fixed but still very nice. Parking is difficult but manageable you may have to walk a little bit but the parking is well lit. I enjoy living at Mustang I.

Very run down

April 22, 2020 - Review from Apartments.com

I tried looking for ways to get out of this place pretty much immediately after I moved in. It’s very poorly maintained inside the apartments and I’ve had drawers and furniture break out of nowhere. I’ve become friends with the maintenance staff due to several issues including two ant infestations. The workers are very nice but office staff has always acted rude towards my concerns. Would not recommend even though it’s location is good.

Property Manager Responded

September 29, 2020

All of our residents are important, and we are sincerely sorry that you have experienced a problem. We would love to schedule a meeting to discuss what we are able to do for you! Please reach out to our office at 805.783.2500.

good

January 29, 2020 - Review from Apartments.com

The apartment is okay... I have been here for a few months. The parking is nearly impossible sometimes. The laundry is 5$ to do a whole load. However, the gym, pools, and media room are nice. I live in a studio and it is nice, however, it does not have a DW which is a let down. The bathroom needed some touching up. But the apartment overall is nice and well furnished. However, I would highly recommend bringing your own bed, the beds they provide are small and uncomfortable. The couches and desks ...

are great though. Overall, you get what you paid for, but staff is slow.

Worst management ever

November 9, 2019 - Review from Apartments.com

My son leased here twice while attending Cal Poly. After the first lease ended, he received his security deposit back within a timely manner. This second lease, which was supposed to end at the end of August but actually ended at the end of July (this is a whole other issue)he did not receive his security deposit back. I emailed Cher numerous times, I am co-signer of this last lease, and he has still not received his $650 security deposit back. He did receive a final statement saying that he was ...

owed the $650 but he has not received it. I am now thinking of taking them to small claims court to get this money owed back. I have spoken to other Cal Poly parents and have heard this same thing happening to them as well. I would NOT let your Cal Poly student rent here! Unless you want to spend numerous hours asking where your security deposit is.

Disorganized and Unprofessional

October 5, 2019 - Review from Apartments.com

It's been three weeks since I moved in and I still don't have the ability to do laundry, go to the pool or check my mail because they don't have the keys that I need ready. Why am I paying rent for those things when I don't have them?

Mustang Village Is Horrible

January 25, 2018 - Review from Apartments.com

I had a mouse infestation because of a hole in the wall behind my oven created originally by when my building was built. Mustang Village did a bad job addressing the problem, where there maintenance didn’t come out unless called repeatedly and then didn’t do a full job of stopping the infestation until the third time they came out. The infestation made my roommates and I buy mouse traps and repellent while we waited for mustang to helped fix our problem and they did not recompensate us for these ...

things when asked. Mustang Village does not care about its residents because it knows it will always have a stream of new ones coming in. Keep that in mind if you’re thinking of living here.

Just horrible. Awful.

September 9, 2017 - Review from Apartments.com

I lived in Mustang for 2 years. The ceiling started leaking during a rainstorm. Bad parking. Bad staff. The walls and floors are SUPER thin I could hear EVERYTHING my neighbor was doing upstairs. Very very very annoying. Never again!

Mustang village

September 24, 2015 - Review from Apartments.com

I live in a two bedroom town home. The thing I dislike the most is living with a room mate and the parking kinda sucks. It's nice that I live next to cal poly and club 24. I wish that mustang would have assigned parking because it really sucks when you have to park far from your apartment because the spots next to yours are taken. Other than that I rally like it. Not to expensive

Good location, Gross apartment

July 21, 2015 - Review from Apartments.com

This apartment is conveniently located right next to Cal Poly. That's about its only good quality. The walls are thin, the rooms are poorly lit, everything looks worn and dirty, and it simply feels like a hundred other college students have partied there before you moved in. If you like that atmosphere and aren't picky, it's a great place to live. If you aren't a college student or like quiet, this is not the place for you.

Nearby Schools

Laguna Middle School

San Luis Coastal Unified School District

11050 Los Osos Valley Road

Public School - Grades 6-8 (780 Students)

In Attendance Zone6 minute drive / 2.9 miles away

Bishop's Peak Elementary School

San Luis Coastal Unified School District

451 Jaycee Drive

Public School - Grades K-5 (358 Students)

In Attendance Zone3 minute drive / 1.0 miles away

School data provided by GreatSchools.

Points of Interest

Time and distance from Mustang I Townhome.

Big Box and Retail

Kohl's

205 Madonna Rd

5 minute drive / 2.57 miles away

Staples

2950 Broad St

5 minute drive / 2.79 miles away

Target

11990 Los Osos Valley Rd

7 minute drive / 3.41 miles away

Colleges and Universities

California Polytechnic State University, San Luis Obispo

One Grand Ave

1 minute drive / 0.34 miles away

Groceries

Trader Joe's

3977 S Higuera St

8 minute drive / 3.8 miles away

Food 4 Less

3985 S Higuera St

8 minute drive / 3.83 miles away

Hospitals

Sierra Vista Regional Medical Center

1010 Murray St

1 minute drive / 0.66 miles away

French Hospital Medical Center

1911 Johnson Ave

5 minute drive / 1.85 miles away

Mustang I Townhome has 5 shopping centers within 1.4 miles.

Nearby Neighborhoods

Valle Vista

Studio to 6 Bedroom Apartments from $1,099

View Rentals

Arroyo Grande Nipomo

Studio to 6 Bedroom Apartments from $1,099

View Rentals

Rental Price Ranges in the Area

Bedroom	Average Rent	Cheapest Rent	Highest Rent
San Luis Obispo Studio Apartments	$2,349	$1,099	$2,855
San Luis Obispo 1 Bedroom Apartments	$2,751	$950	$3,720
San Luis Obispo 2 Bedroom Apartments	$2,828	$1,150	$3,950
San Luis Obispo 3 Bedroom Apartments	$3,474	$2,400	$4,000
San Luis Obispo 4 Bedroom Apartments	$2,692	$1,490	$4,920
2 Bedroom Homes	$2,763	$1,250	$3,650
3 Bedroom Homes	$3,995	$2,995	$5,000
4 Bedroom Homes	$5,203	$3,500	$7,200
5 Bedroom Homes	$6,241	$4,800	$10,000+
6 Bedroom Homes	$10,300	$10,000	$10,000+

Browse Top Apartments in San Luis Obispo

By Price

By Community Type

By Amenities

Viewing: Mustang I Townhome | Desktop Version | Listing Updated: 08/17/2026 | AHLSLV

Mustang I Townhome Apartments

Share on Social

Contact

Mustang I Townhome

About Mustang I Townhome

Property Contact Info

Office Hours

Floorplan Pricing and Availability

New! Interactive Property Map

Studio

Studio Creekside Renovated

$2,102

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Private Gallery

Property Map

Unit Private Rent and Fees

Unit Price

Model Rent and Fees

Price

Studio Balcony Renovated

$2,253

Availability Details

Model Amenities and Features

Features

Kitchen

Unit Private Gallery

Property Map

Unit Private Rent and Fees

Unit Price

Model Rent and Fees

Price

Studio Classic Renovated

Availability Details

Model Amenities and Features

Features

Kitchen

Model Rent and Fees

Model Price

2 Bedrooms

2x2 TH Upgraded

From $1,185

Availability Details

Model Amenities and Features

Features

Kitchen

Model Rent and Fees

Model Price Range

Unit Private Upgraded Gallery

Property Map

Unit Private Upgraded Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

Unit Shared Upgraded Gallery

Property Map

Unit Shared Upgraded Rent and Fees

Unit Price

Model Rent and Fees

Model Price Range

2x2 TH

Availability Details

Model Amenities and Features

Features

Kitchen

Model Rent and Fees

Model Price Range

2x2 Flat

Model Gallery

Floorplans

Availability Details

Unit Private Gallery

Property Map

Unit Private Amenities and Features

Features

Unit Private Rent and Fees

Unit Price

Model Rent and Fees