Mustang Village Apartments

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5005 Lake Park Dr, Wichita Falls, TX 76302
(940) 716-3465
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Mustang Village

5005 Lake Park Dr
Wichita Falls, TX 76302
(940) 716-3465
Mustang Village in Wichita Falls, TX - Building Photo
  • 2–3 Bedrooms
  • $550-$650Pricing
  • 800–1,200Square Feet

About Mustang Village

Welcome to Mustang Village! We offer spacious 2 and 3 bedroom apartments that boast private bedrooms, walk-in closets and private bathrooms for all! Our large open concept common area is perfect for relaxing after class or having friends over for dinner. Each apartment is fully furnished with a modern furniture package. Your new home will also include all the major appliances such as refrigerator, stove, microwave, dishwasher, garbage disposal, and in-unit washer and dryer. High-speed internet, water, and sewer service are all included in your regular monthly rental installment. When you’re not in class or exploring the surrounding area, enjoy our numerous on-site community amenities. You’ll love relaxing at our resort-style pool, hanging out in our resident clubhouse and study library, challenging your roommates to a game of ping pong, and working toward your fitness goals in our fitness center and at our basketball court.

Mustang Village is located in the Southwest Wichita Falls Neighborhood and 76302 Zip code of Wichita Falls, TX. This community is professionally managed by The Preiss Company

Unique Features and Amenities

  • 24-Hour Emergency Maintenance
  • Dog Park
  • Fire Pit
  • Fully Furnished
  • Grilling Stations
  • Internet Access: High-Speed
  • Pet Friendly
  • Study Rooms

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Mustang Village offers 2 to 3 Bedroom apartments starting from $550 and having 800–1,200 sq ft. Here is the current pricing and availability:

  • 2 Bedrooms

    2 Bed / 2 Bath

    $650

    2 Beds, 2 Baths, 800 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $650/personAvailable NowPrivate800
    $650/person January 12, 2026Private800

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Rent and Fees

    Model Price

    • $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $650

    Model Rent and Fees

    Price

    • $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $650

    Model Rent and Fees

    Price

    • $650
  • 3 Bedrooms

    3 Bed / 3 Bath

    $550

    3 Beds, 3 Baths, 1200 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $550/personAvailable NowPrivate1200
    $550/person January 12, 2026Private1200

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Rent and Fees

    Model Price

    • $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $550

    Model Rent and Fees

    Price

    • $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $550

    Model Rent and Fees

    Price

    • $550
Price shown is base rent and may not include non-optional fees and utilities. 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: (940) 716-3465 to schedule a tour.

Matterport 3D Tours

Property Information

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Required Fees

One-Time Move-In Fees

Administrative Fee$0
Application Fee Per Applicant$75
Application Fee$75

Other Fees

Personal Add-Ons

Monthly Pet Fee$30

Storage Fees

Storage Unit

Storage Deposit$0
Storage Rent$0/mo
Storage Rent$0/mo
Storage Deposit$0

Pet Fees

Cat

Monthly Pet Fee$30

Dog

Monthly Pet Fee$30

Others

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Cats

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Fish

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Dogs

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Features and Amenities

Unique Amenities

  • 24-Hour Emergency Maintenance
  • Dog Park
  • Fire Pit
  • Fully Furnished
  • Grilling Stations
  • Internet Access: High-Speed
  • Pet Friendly
  • Study Rooms

On-Site Services

  • Planned Social Activities
  • Community Wide Wi Fi
  • Online Services
  • Renters Insurance Program

Community Features

  • Clubhouse
  • Lounge

Outdoor Features

  • Grill
  • Picnic Area
  • Courtyard
  • Controlled Access

Recreation and Fitness

  • Fitness Center
  • Basketball Court
  • Bicycle Storage
  • Pool

Interior Features

  • High Speed Internet Access
  • Heating
  • Washer/Dryer
  • Air Conditioning
  • Wi Fi
  • Wheelchair Accessible
  • Smoke Free

Kitchen Amenities

  • Disposal
  • Freezer
  • Range
  • Refrigerator
  • Oven
  • Dishwasher
  • Microwave
  • Kitchen

Living Area Features

  • Walk In Closets
  • Vinyl Flooring
  • Carpet

Student Features

  • Individual Locking Bedrooms
  • Private Bathroom
  • Study Lounge
  • Roommate Matching
  • Individual Leases Available
Google Map

Map

5005 Lake Park Dr, Wichita Falls, TX 76302

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday10:00 am–6:00 pm
Tuesday10:00 am–6:00 pm
Wednesday10:00 am–6:00 pm
Thursday10:00 am–6:00 pm
Friday10:00 am–5:00 pm
SaturdayClosed
SundayClosed

Getting Around

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Mustang Village

Where is Mustang Village located?

Mustang Village is located at 5005 Lake Park Dr near the Southwest Wichita Falls area of Wichita Falls, TX

What is the current rent range at Mustang Village?

2 Bedroom to 3 Bedroom Apartments at Mustang Village currently range from $550 to $650

When is the leasing office open?

  • The office Hours for Mustang Village are
  • Monday 10:00 am–6:00 pm
  • Tuesday 10:00 am–6:00 pm
  • Wednesday 10:00 am–6:00 pm
  • Thursday 10:00 am–6:00 pm
  • Friday 10:00 am–5:00 pm
  • Saturday Closed
  • 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. 3.6

    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 Village Apartments are 42.4% cheaper than the average apartment in the Southwest Wichita Falls area, and 42.35% cheaper than the average apartment city-wide.

    Rent Comparison to the Southwest Wichita Falls Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    2 Bedroom$650$979-$329-33.6%
    3 Bedroom$550$1,127-$577-51.2%

    Rent Comparison to the city of Wichita Falls

    FloorplanLowest Price HereCity Average RentCost Difference%
    2 Bedroom$650$975-$325-33.3%
    3 Bedroom$550$1,132-$582-51.4%

    Methodology: On 10/06/2025, ApartmentHomeLiving.com compared current rents by floorplan to 150 other apartment communities in the immediate area around Mustang Village (Southwest Wichita Falls), and 110 other apartment communities in Wichita Falls 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 10/06/2025

  • 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:

    • Basketball Court(s)
    • Bicycle Storage
    • Swimming Pool(s)
    • Fitness Center
    • Planned Social Activities
    • Picnic Area
  • Student Living 4.0

    Rentals that are highly rated for the Student Living Lifestyle rating have top features and amenities that benefit students and others who enjoy living the student lifestyle.

    Rating Factors

    This 4.0-star Student Living rating is based on the following features:

    • Individual Leases Available
    • Individual Locking Bedrooms
    • Roommate Matching
    • Community-Wide WiFi
    • Hi Speed Internet/Wi-Fi
    • Private Bathroom
    • Study Lounge
    • Washer/Dryer In Unit
    • Fitness Center
    • Basketball Court(s)
    • Bicycle Storage
    • Swimming Pool(s)
    • Smoke Free Options
    • Planned Social Activities
    • Renters Insurance Programs
    • Clubhouse
    • Lounge
    • Grill(s)
    • Picnic Area
    • Controlled Gate Access
    • High Speed Internet Access
    • Heating
    • Air Conditioning
    • Wheelchair Access
    • Disposals
    • Ranges
    • Refrigerators
    • Ovens
    • Dishwashers
    • Kitchens
    • Courtyard
    See more
    See less
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.9
19 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.
  • Verified Renter

    September 5, 2025
    Good The maintenance team is always quick to respond and very professional. They fixed my bathroom within a day, and it’s been running perfectly since. Really appreciate their reliability!
    • Property Manager Responded

      September 10, 2025
      Thank you for your review. We appreciate you and your business.
    Review from Apartments.com
  • Verified Renter

    August 25, 2025
    Great place so far! The staff is super helpful and friendly. The rooms are clean and spacious. Very organized! I love everything about it.
    • Property Manager Responded

      August 28, 2025
      Thanks for visiting! It means so much when customers share their positive experiences with us. Thank you for your review.
    Review from Apartments.com
  • Verified Renter

    August 3, 2025
    Move in I had a great experience on move in day! The staff made themselves completely available to me. I had easy access to the unit which was in fairly good shape
    • Property Manager Responded

      August 7, 2025
      Thanks for visiting! It means so much when customers share their positive experiences with us. Thank you for your review.
    Review from Apartments.com
  • Verified Renter

    July 10, 2025
    I like living here For the past 2 years that I’ve been here it’s been a good place to live I really like the roommate I got pair up with and honestly it’s the most affordable place in Wichita especially while I was in school.
    • Property Manager Responded

      July 12, 2025
      Thank you for your review. We appreciate you and your business.
    Review from Apartments.com
  • Verified Renter

    July 10, 2025
    Good experience I have had a good experience even though there were a few problems here and there. But the response time for maintenance or repair is quick. And affordable rent.
    • Property Manager Responded

      July 12, 2025
      We are so appreciative of your review and you taking the time to share it with us. Our goal is to supply customers with the highest quality experiences. We hope you have a great day!
    Review from Apartments.com
  • Verified Renter

    June 14, 2025
    Excellent Yeah getting a replacement fridge was great but I wish they listened to me in January when I first made the complaint instead of papering over the cracks and offering just a quick fix that really didn't fix anything. The past 5-6 months has been a terrible waste of my food, groceries and money. A compensation would be nice!
    • Property Manager Responded

      June 15, 2025
      Thanks for sharing your experience with us — we are glad it was a positive one!
    Review from Apartments.com
  • Verified Renter

    May 30, 2025
    Service All services are so fast and good! They handle everything carefully. I love this thing about them!
    • Property Manager Responded

      May 31, 2025
      There’s nothing better than hearing our customers’ positive feedback! Thanks for sharing your experience with us.
    Review from Apartments.com
  • Verified RenterSubmitted by a verified resident of the apartment community. Participating residents may receive reward points in exchange for posting a review during their lease term, regardless of the nature of the review.

    April 6, 2023
    Great experience so far. Everyone is very friendly and kind. When I first applied, I didn't know if I would get approved or not but I was approved in minutes. Since living here, no complaints
    • Property Manager Responded

      April 11, 2023
      We are so happy to hear you were approved so fast and that you have enjoyed your time here so far!
    Review from Apartments.com
  • Verified RenterSubmitted by a verified resident of the apartment community. Participating residents may receive reward points in exchange for posting a review during their lease term, regardless of the nature of the review.

    April 4, 2023
    Very nice place, everything works, people here are kind, if I have any issue they resolve it and so far it’s been good, nothing bad to say about this place
    • Property Manager Responded

      April 11, 2023
      Thank you so much for this amazing 5 star review!
    Review from Apartments.com
  • Verified RenterSubmitted by a verified resident of the apartment community. Participating residents may receive reward points in exchange for posting a review during their lease term, regardless of the nature of the review.

    April 3, 2023
    i love the community so nice and my roomates are awesome we have dinner together all the time and play games i am very happy that i moved in
    • Property Manager Responded

      April 11, 2023
      So glad to hear about how you and your roommates get along! Thank you for letting us know!
    Review from Apartments.com
  • Verified RenterSubmitted by a verified resident of the apartment community. Participating residents may receive reward points in exchange for posting a review during their lease term, regardless of the nature of the review.

    April 3, 2023
    The apartments are nice and maintenance comes fast when needed. Not bad for all bills paid and furniture included. Would recommend to a friend.
    • Property Manager Responded

      April 19, 2023
      Thank you for saying you would recommend us to a friend and for your feedback!
    Review from Apartments.com
  • Verified RenterSubmitted by a verified resident of the apartment community. Participating residents may receive reward points in exchange for posting a review during their lease term, regardless of the nature of the review.

    April 2, 2023
    No complaints. You get what you pay for and a little more. All bills paid and there’s a bus that comes to the apartment complex that takes you to Walmart for groceries and both universities
    • Property Manager Responded

      April 19, 2023
      We are very happy that a bus comes to our property to help out our residents and want to make sure you have a great experience here. Thank you for your review!
    Review from Apartments.com

Nearby Schools

Milam Elementary School

Wichita Falls Independent
2901 Boren Avenue
Public School - Grades PK-5 (468 Students)
In Attendance Zone4 minute drive / 1.4 miles away
5/10

McNiel Middle

Wichita Falls Independent
4712 Barnett Road
Public School - Grades 6-8 (1106 Students)
In Attendance Zone7 minute drive / 3.4 miles away
6/10

Rider High School

Wichita Falls Independent
4611 Cypress Avenue
Public School - Grades 9-12 (1589 Students)
In Attendance Zone5 minute drive / 2.8 miles away
5/10
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 Village.

Big Box and Retail

Target

4317 Kemp Blvd
3 minute drive / 1.28 miles away

Lowe's

3301 Kell Blvd
4 minute drive / 2.32 miles away

Walgreens

4600 Kell Blvd
6 minute drive / 2.98 miles away

Colleges and Universities

Midwestern State University

3410 Taft Blvd
4 minute drive / 1.55 miles away

Hospitals

North Texas State Hospital

6515 Kemp Blvd
2 minute drive / 0.81 miles away

Kell West Regional Hospital

5420 Kell West Boulevard
8 minute drive / 3.76 miles away

United Regional Health Care System

1600 11th Street
8 minute drive / 3.77 miles away

Military Bases

Sheppard Air Force Base

18 minute drive / 8.55 miles away

Shopping Centers

Crossroads Center

2700-blk Southwest Pky
2 minute drive / 0.9 miles away

Highland Village

1500-blk Southwest Pky
2 minute drive / 0.96 miles away

Albertson's Plaza Shopping Center

2720 Southwest Pky
3 minute drive / 1.02 miles away

Mustang Village has 5 shopping centers within 1.1 miles.

Nearby Neighborhoods

Studio to 4 Bedroom Apartments from $439
View Rentals
Studio to 4 Bedroom Apartments from $439
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Wichita Falls Studio Apartments $540$495$645
Wichita Falls 1 Bedroom Apartments $792$439$1,445
Wichita Falls 2 Bedroom Apartments $975$525$1,695
Wichita Falls 3 Bedroom Apartments $1,132$550$1,825
Wichita Falls 4 Bedroom Apartments $1,407$1,407$1,407

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Viewing: Mustang Village | Desktop Version | Listing Updated: 10/05/2025 | AHLGLD