Mustang I Townhome Apartments

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

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Mustang I Townhome

1 Mustang Dr
San Luis Obispo, CA 93405
(805) 321-1377
Mustang I Townhome in San Luis Obispo, CA - Building Photo
  • Studio–2 Bedrooms
  • $1,772-$2,019 Pricing
  • 372–884 Square Feet

About Mustang I Townhome

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

Property Contact Info

Floorplan Pricing and Availability

Mustang I Townhome offers Studio to 2 Bedroom apartments starting from $1,874 and having 372–884 sq ft. Here is the current pricing and availability:

  • Studio

    Studio Creek Side

    Studio, 1 Bath, 372 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $1,772Call for AvailabilityStudio Creek Side372 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

    • $1,772 - $2,019
  • 2 Bedrooms

    2x2 Flat

    $1,874

    2 Beds, 2 Baths, 884 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,874/personAvailable NowPrivate884
    $1,874/personAvailable NowPrivate884
    $1,874/person August 15, 2026Private884

    Model Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Model Rent and Fees

    Model Price

    • $1,874

    Unit Private Rent and Fees

    Unit Price

    • $1,874

    Model Rent and Fees

    Price

    • $1,874

    Unit Private Rent and Fees

    Unit Price

    • $1,874

    Model Rent and Fees

    Price

    • $1,874

    Unit Private Rent and Fees

    Unit Price

    • $1,874

    Model Rent and Fees

    Price

    • $1,874
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

Schedule a Tour
Call us at: (805) 321-1377 to schedule a tour.

Property Information

  • 513 Units
  • 3 Stories
  • Built in 1973
  • Furnished

Lease Terms

  • 12 mo

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.

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged per applicant.$30.00

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/mo
Comments:

Max of 2.

Dog
Pet DepositiMax of 2. Charged Per Pet.$300.00
Monthly Pet FeeiMax of 2. Charged Per Pet.$35.00/mo
Comments:

Max of 2.

Cats
  • 2 Pet Limit
  • 50 Lb Weight Limit
Dogs
  • 2 Pet Limit
  • 50 Lb Weight Limit

Comments: Dog

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
Google Map

Map

1 Mustang Dr, San Luis Obispo, CA 93405

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday9:00 am–5:00 pm
Tuesday9:00 am–5:00 pm
Wednesday9:00 am–5:00 pm
Thursday9:00 am–5:00 pm
Friday9:00 am–5:00 pm
Saturday10:00 am–5:00 pm
SundayClosed

Frequently Asked Questions about Mustang I Townhome

Where is Mustang I Townhome located?

Mustang I Townhome is located at 1 Mustang Dr, San Luis Obispo, CA

What is the current rent range at Mustang I Townhome?

Studio at Mustang I Townhome currently start from $1,874. Call today for more info!

When is the leasing office open?

  • The office Hours for Mustang I Townhome are
  • Monday 9:00 am–5:00 pm
  • Tuesday 9:00 am–5:00 pm
  • Wednesday 9:00 am–5:00 pm
  • Thursday 9:00 am–5:00 pm
  • Friday 9:00 am–5:00 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

  • Affordability Great Value3.8

    The Mustang I Townhome Apartments are 25.3% cheaper than the average apartment city-wide.

    Rent Comparison to the city of San Luis Obispo

    FloorplanLowest Price HereCity Average RentCost Difference%
    2 Bedroom$1,874$3,268-$1,394-42.7%
    Studio$1,772$1,923-$151-7.9%

    Methodology: On 03/31/2026, ApartmentHomeLiving.com compared current rents by floorplan to 155 other apartment communities in 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 03/31/2026

  • 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 3.0

    Family Friendly apartments feature the best community amenities for larger families like larger floorplans, playgrounds and day care options.

    Rating Factors

    This 3.0-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)
    • High Speed Internet Access
    • Dishwashers
    • Renters Insurance Programs
    • Laundry Facilities
    • Picnic Area
    • Heating
    • Ceiling Fans
    • Tub/Showers
    • Disposals
    • Freezers
    • Vinyl Flooring
    • Window Coverings
    • Cable Ready
    See more
    See less
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.4
13 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Meh

    February 29, 2024
    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
    Read More
    Review from Apartments.com
  • Beats being homeless....?

    April 27, 2022
    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
    Read More
    Review from Apartments.com
  • Mustang Village 2

    December 7, 2020
    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
    Read More
    Review from Apartments.com
  • Great place to live

    December 7, 2020
    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.
    Review from Apartments.com
  • Very run down

    April 22, 2020
    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.
    Review from Apartments.com
  • good

    January 29, 2020
    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.
    Read More
    Review from Apartments.com
  • Worst management ever

    November 9, 2019
    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.
    Read More
    Review from Apartments.com
  • Disorganized and Unprofessional

    October 5, 2019
    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?
    Review from Apartments.com
  • Mustang Village Is Horrible

    January 25, 2018
    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.
    Read More
    Review from Apartments.com
  • Just horrible. Awful.

    September 9, 2017
    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!
    Review from Apartments.com
  • Mustang village

    September 24, 2015
    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
    Review from Apartments.com
  • Good location, Gross apartment

    July 21, 2015
    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.
    Review from Apartments.com

Nearby Schools

San Luis Obispo High

San Luis Coastal Unified School District
1499 San Luis Drive
Public School - Grades 9-12
In Attendance Zone3 minute drive / 1.3 miles away
10/10

Laguna Middle

San Luis Coastal Unified School District
11050 Los Osos Valley Road
Public School - Grades 6-8
In Attendance Zone6 minute drive / 2.9 miles away
9/10

Bishop's Peak Elementary

San Luis Coastal Unified School District
451 Jaycee Drive
Public School - Grades K-5
In Attendance Zone3 minute drive / 1.0 miles away
8/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

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

Shopping Centers

University Plaza

896 Foothill Blvd
1 minute drive / 0.36 miles away

Ferrini Square

795 Foothill Blvd
1 minute drive / 0.44 miles away

Foothill Plaza

765 Foothill Blvd
1 minute drive / 0.48 miles away

Mustang I Townhome has 5 shopping centers within 1.4 miles.

Nearby Neighborhoods

Studio to 5 Bedroom Apartments from $1,250
View Rentals
Studio to 5 Bedroom Apartments from $1,250
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
San Luis Obispo Studio Apartments $1,923$1,250$2,830
San Luis Obispo 1 Bedroom Apartments $2,364$1,750$3,250
San Luis Obispo 2 Bedroom Apartments $3,268$2,400$5,000
San Luis Obispo 3 Bedroom Apartments $4,277$3,200$5,700
San Luis Obispo 4 Bedroom Apartments $3,912$1,653$7,500

Browse Top Apartments in San Luis Obispo

Viewing: Mustang I Townhome | Desktop Version | Listing Updated: 03/30/2026 | AHLSLV