Mustang Village Apartments

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

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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
  • $565-$820Total Monthly Price
  • 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 $565 and having 800–1,200 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
  • 2 Bedrooms

    2 Bed / 2 Bath

    From $670

    2 Beds, 2 Baths, 800 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $690/personAvailable NowPrivate800
    $690/personAvailable NowPrivate800
    $820/person August 15, 2026Entire Unit800
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Lease Information

    Model Price Range

    • $670 - $820Total Monthly Price

    Current Available Pricing

    • $690 - $820 Total Monthly Price

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Lease Information

    Unit Price

    • $690Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $670 - $820Total Monthly Price

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Lease Information

    Unit Price

    • $690Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $670 - $820Total Monthly Price

    Unit Entire Unit Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Entire Unit Lease Information

    Unit Price

    • $820Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $670 - $820Total Monthly Price
  • 3 Bedrooms

    3 Bed / 3 Bath

    From $565

    3 Beds, 3 Baths, 1200 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $590/personAvailable NowPrivate1200
    $590/personAvailable NowPrivate1200
    $715/person August 15, 20262 Private Rooms1200
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Lease Information

    Model Price Range

    • $565 - $715Total Monthly Price

    Current Available Pricing

    • $590 - $715 Total Monthly Price

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Lease Information

    Unit Price

    • $590Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $565 - $715Total Monthly Price

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Lease Information

    Unit Price

    • $590Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $565 - $715Total Monthly Price

    Unit 2 Private Rooms Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit 2 Private Rooms Lease Information

    Unit Price

    • $715Total Monthly Price
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $565 - $715Total Monthly Price
Price shown is total price based on community-supplied monthly required fees. 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: (940) 716-3465 to schedule a tour.

3D Tours

Property Information

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. Use the Cost Calculator to determine costs based on your needs.

Required Fees

One-Time Basics

Due at Move-In
Administrative FeeiCharged per unit.$0
Security DepositiCharged Per Unit.$200
Due at Application
Application FeeiCharged per applicant.$75

Utilities

Electricity PackageiCharged Per Unit.$30/mo
Green FeeiCharged per unit.$10/mo

Other Fees

Personal Add-Ons

Guarantor Waiver ProgramiCharged per unit.$45/mo

Situational Fees

Utility Management FeeiCharged per unit.$50

Pet Fees

Other Pet

Monthly Pet FeeiMax of 2. Charged Per Pet.$30
Comments:

Max of 2.

Dog

One-Time Pet FeeiMax of 2. Charged Per Pet.$250-$250
Monthly Pet FeeiMax of 2. Charged Per Pet.$30
50 lbs. Weight Limit
Restrictions:

Restricted Breeds: German Shepherd, Akita, Doberman Pinscher, Rottweiler, Dalmatian, Pit Bull, Chow, Wolf Hybrid or Bull Mastiff. <br />Restricted Animals: birds, parrots, toucans, hamsters, gerbils, snakes, frogs, spiders, ferrets or other exotic animals.

Comments:

Max of 2.

Cat

Monthly Pet FeeiMax of 2. Charged Per Pet.$30
One-Time Pet FeeiMax of 2. Charged Per Pet.$250-$250
50 lbs. Weight Limit
Restrictions:

Restricted Breeds: German Shepherd, Akita, Doberman Pinscher, Rottweiler, Dalmatian, Pit Bull, Chow, Wolf Hybrid or Bull Mastiff. <br />Restricted Animals: birds, parrots, toucans, hamsters, gerbils, snakes, frogs, spiders, ferrets or other exotic animals.

Comments:

Max of 2.

Others

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Fish

  • 2 Pet Limit
  • 50 Lb Weight Limit
Restrictions:

Storage Fees

Storage Unit

Storage DepositiCharged per rentable item.$0
Storage RentiCharged per rentable item.$0/mo

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

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

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 $565 to $820

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 42.0% cheaper than the average apartment in the Southwest Wichita Falls area, and 41.95% cheaper than the average apartment city-wide.

    Rent Comparison to the Southwest Wichita Falls Neighborhood

    FloorplanLowest Price Here*Neighborhood Avg RentNbhd Avg RentCost Difference%
    2 Bedroom$670$980-$310-31.6%
    3 Bedroom$565$1,186-$621-52.4%
    Prices shown for this property are the Total Monthly Price including Fees.

    Rent Comparison to the city of Wichita Falls

    FloorplanLowest Price Here*City Average RentCost Difference%
    2 Bedroom$670$978-$308-31.5%
    3 Bedroom$565$1,187-$622-52.4%
    Prices shown for this property are the Total Monthly Price including Fees.

    Methodology: On 02/23/2026, ApartmentHomeLiving.com compared current rents by floorplan to 157 other apartment communities in the immediate area around Mustang Village (Southwest Wichita Falls), and 114 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 02/23/2026

    * Price shown is Total Monthly Price including fees
  • 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
26 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

    February 3, 2026
    Amazing Job!! They did my work order on time! And fast and easy!! Thanks!
    • Property Manager Responded

      February 10, 2026
      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

    January 31, 2026
    Very affordable and clean complex. Office Staff works really good in communicating you through the entire process. Definetly recommend getting your own experience for yourself.
    • Property Manager Responded

      February 7, 2026
      Thanks for being a part of the family! We can’t wait to share your positive feedback with the rest of the team. We hope to continue to provide you with a quality experience.
    Review from Apartments.com
  • Verified Renter

    January 23, 2026
    Perfect maintenance job Everything was fixed and replaced quickly and efficiently
    • Property Manager Responded

      January 28, 2026
      There’s nothing better than hearing our customers’ positive feedback! Thanks for sharing your experience with us.
    Review from Apartments.com
  • Verified Renter

    December 13, 2025
    Maintenance I had maintenance come in and fix something for me. They worked on the issue until it was resolved. They are the nicest people!
    • Property Manager Responded

      December 18, 2025
      Thank you for your review. We appreciate you and your business.
    Review from Apartments.com
  • Verified Renter

    November 11, 2025
    Awesome it’s super awesome. Thanks. I really appreciate you guys.
    • Property Manager Responded

      November 13, 2025
      Thanks for sharing your experience with us — we are glad it was a positive one!
    Review from Apartments.com
  • Verified Renter

    October 16, 2025
    Not terrible, but not great. Front office people could be nicer and maintenance could be faster.
    Review from Apartments.com
  • Verified Renter

    October 15, 2025
    I love living here!! The staff is great and always provides great service!
    • Property Manager Responded

      October 18, 2025
      We hope to always provide a great experience. Don’t hesitate to reach out if there’s a way we can improve serving you. Thanks again!
    Review from Apartments.com
  • 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

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 $805$439$1,500
Wichita Falls 2 Bedroom Apartments $978$525$1,700
Wichita Falls 3 Bedroom Apartments $1,187$565$8,152
Wichita Falls 4 Bedroom Apartments $1,407$1,407$1,407

Browse Top Apartments in Wichita Falls

Viewing: Mustang Village | Desktop Version | Listing Updated: 02/22/2026 | AHLGLD