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

    Price

    • $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Price

    • $650

    Model Rent and Fees

    Price

    • $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    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

    Price

    • $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Price

    • $550

    Model Rent and Fees

    Price

    • $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    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.

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

Pet Policy and Fees

Others

  • 2 Pet Limit
  • $30 Monthly Pet Rent
  • 50 Lb Weight Limit
Restrictions:

Cats

  • 2 Pet Limit
  • $30 Monthly Pet Rent
  • $250 Fee
  • 50 Lb Weight Limit
Restrictions:

Fish

  • 2 Pet Limit
  • Fees Not Specified
  • 50 Lb Weight Limit
Restrictions:

Dogs

  • 2 Pet Limit
  • $30 Monthly Pet Rent
  • $250 Fee
  • 50 Lb Weight Limit
Restrictions:

Storage

Storage Unit

    Matterport 3D Tours

    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
    • Courtyard
    • Picnic Area
    • 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

    Pet Policy - Other

    • Other Pets Allowed
    • $30 Monthly Pet Rent
    • 2 Pet Limit
    • 50 Lb Weight Limit
    • Restricted Breeds: German Shepherd, Akita, Doberman Pinscher, Rottweiler, Dalmatian, Pit Bull, Chow, Wolf Hybrid Or Bull Mastiff. Restricted Animals: Birds, Parrots, Toucans, Hamsters, Gerbils, Snakes, Frogs, Spiders, Ferrets Or Other Exotic Animals.
    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 42.1% cheaper than the average apartment in the Southwest Wichita Falls area, and 42.05% 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$961-$311-32.4%
      3 Bedroom$550$1,140-$590-51.8%

      Rent Comparison to the city of Wichita Falls

      FloorplanLowest Price HereCity Average RentCost Difference%
      2 Bedroom$650$958-$308-32.2%
      3 Bedroom$550$1,143-$593-51.9%

      Methodology: On 08/21/2025, ApartmentHomeLiving.com compared current rents by floorplan to 144 other apartment communities in the immediate area around Mustang Village (Southwest Wichita Falls), and 97 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 08/21/2025

    • 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
    17 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

      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
    • 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.

      March 30, 2023
      Mustang village is good place to live. Competitively affordable price with better facilities. Staff is cooperative and helpful. On time satisfied maintainance service.
      • Property Manager Responded

        April 4, 2023
        Thank you so much for your 5 star review and for letting us know how you feel about 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.

      March 30, 2023
      Space is more than adequate (by apt. standards), maintenance has been fair, office staff is nice, plenty of parking, and nice grounds. One of the most affordable an cleanest apt. in town.
      • Property Manager Responded

        April 4, 2023
        Thank you so much for this 5 star review and kind words!
      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
    4/10

    McNiel Middle

    Wichita Falls Independent
    4712 Barnett Road
    Public School - Grades 6-8 (1106 Students)
    In Attendance Zone7 minute drive / 3.4 miles away
    5/10

    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

    3410 Taft Blvd
    4 minute drive / 1.55 miles away

    Hospitals

    6515 Kemp Blvd
    2 minute drive / 0.81 miles away
    5420 Kell West Boulevard
    8 minute drive / 3.76 miles away
    1600 11th Street
    8 minute drive / 3.77 miles away

    Military Bases

    18 minute drive / 8.55 miles away

    Shopping Centers

    2700-blk Southwest Pky
    2 minute drive / 0.9 miles away
    1500-blk Southwest Pky
    2 minute drive / 0.96 miles away
    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 $495
    View Rentals
    Studio to 4 Bedroom Apartments from $495
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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Wichita Falls Studio Apartments $540$495$645
    Wichita Falls 1 Bedroom Apartments $808$525$1,499
    Wichita Falls 2 Bedroom Apartments $958$574$1,695
    Wichita Falls 3 Bedroom Apartments $1,143$550$1,825
    Wichita Falls 4 Bedroom Apartments $1,407$1,407$1,407

    Browse Top Apartments in Wichita Falls

    By Price

    By Community Type

    By Amenities

    Viewing: Mustang Village | Desktop Version | Listing Updated: 08/20/2025 | AHLGLD