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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
  • $530-$650 Pricing
  • 800–1,200 Square Feet

About Mustang Village

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

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 $530 and having 800–1,200 sq ft. Here is the current pricing and availability:

  • 2 Bedrooms

    2 Bed / 2 Bath

    From $640

    2 Beds, 2 Baths, 800 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $650/personAvailable NowPrivate800
    $650/personAvailable NowPrivate800
    $640/personAvailable NowEntire Unit800

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Rent and Fees

    Model Price Range

    • $640 - $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $650

    Model Rent and Fees

    Model Price Range

    • $640 - $650

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $650

    Model Rent and Fees

    Model Price Range

    • $640 - $650

    Unit Entire Unit Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Entire Unit Rent and Fees

    Unit Price

    • $640

    Model Rent and Fees

    Model Price Range

    • $640 - $650
  • 3 Bedrooms

    3 Bed / 3 Bath

    From $530

    3 Beds, 3 Baths, 1200 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $550/personAvailable NowPrivate1200
    $550/personAvailable NowPrivate1200
    $530/personAvailable Now2 Private Rooms1200

    Model Amenities and Features

    Outdoor Space

    • Controlled Access

    Model Rent and Fees

    Model Price Range

    • $530 - $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $550

    Model Rent and Fees

    Model Price Range

    • $530 - $550

    Unit Private Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit Private Rent and Fees

    Unit Price

    • $550

    Model Rent and Fees

    Model Price Range

    • $530 - $550

    Unit 2 Private Rooms Amenities and Features

    Outdoor Space

    • Controlled Access

    Unit 2 Private Rooms Rent and Fees

    Unit Price

    • $530

    Model Rent and Fees

    Model Price Range

    • $530 - $550
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: (940) 716-3465 to schedule a tour.

3D Tours

Property Information

  • 192 Units
  • 3 Stories
  • Built in 2008
  • Furnished

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 FeeiCharged per applicant.$75.00
Due at Move-In
Administrative FeeiCharged per unit.$0.00
Security DepositiCharged Per Unit.$200.00

Utilities

Electricity PackageiCharged Per Unit.$30.00/mo
Green FeeiCharged per unit.$10.00/mo

Other Fees and Policies

Personal Add-Ons

Guarantor Waiver ProgramiCharged per unit.$45.00/mo

Situational Fees

Utility Management FeeiCharged per unit.$50.00

Pet Fees

Cat
One-Time Pet FeeiMax of 2. Charged Per Pet.$250-$250
Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
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.

Dog
One-Time Pet FeeiMax of 2. Charged Per Pet.$250-$250
Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
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.

Other Pet
Monthly Pet FeeiMax of 2. Charged Per Pet.$30.00/mo
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.

Fish
  • 2 Pet Limit
  • 50 Lb 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.

Storage Fees

Storage Unit
Storage DepositiCharged per rentable item.$0.00
Storage RentiCharged per rentable item.$0.00/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 $530 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. 3.8

    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 42.5% cheaper than the average apartment in the Southwest Wichita Falls area, and 42.5% 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$640$968-$328-33.9%
    3 Bedroom$530$1,083-$553-51.1%

    Rent Comparison to the city of Wichita Falls

    FloorplanLowest Price HereCity Average RentCost Difference%
    2 Bedroom$640$965-$325-33.7%
    3 Bedroom$530$1,088-$558-51.3%

    Methodology: On 05/25/2026, ApartmentHomeLiving.com compared current rents by floorplan to 155 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 05/25/2026

  • 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:

    • 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

4.6
28 Renters Reviews
  • Verified Renter

    April 28, 2026
    Vent cleaning Izzy with maintenance was amazing. He came right after I made my request and left my vent area looking spotless!! So thankful for this crew!!
    • Property Manager Responded

      May 5, 2026
      Thanks for sharing your experience with us — we are glad it was a positive one!
    Review from Apartments.com
  • Verified Renter

    March 15, 2026
    Cleaniness The move in process was amazing. The staff and even the maintenance team is really helpful and nice. Five stars to the staff and maintenance team. But i chose four because when i moved in to the unit, it was full of trash, dirty, no clean at all. But its all due to someone already living in the unit for a long time and verybwell settled in.
    • Property Manager Responded

      March 20, 2026
      Thank you for your review. We appreciate you and your business.
    Review from Apartments.com
  • 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

Nearby Schools

Barwise Leadership Academy

Wichita Falls Independent School District
3807 Kemp Boulevard
Public School - Grades 6-8 (1017 Students)
In Attendance Zone4 minute drive / 1.5 miles away
4/10

Milam Elementary School

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

Southwest Wichita Falls

Studio to 4 Bedroom Apartments from $439
View Rentals

West Wichita Falls

Studio to 4 Bedroom Apartments from $439
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Wichita Falls Studio Apartments $617$515$845
Wichita Falls 1 Bedroom Apartments $809$439$1,500
Wichita Falls 2 Bedroom Apartments $965$525$1,740
Wichita Falls 3 Bedroom Apartments $1,088$530$1,825
Wichita Falls 4 Bedroom Apartments $1,407$1,407$1,407

Browse Top Apartments in Wichita Falls

Viewing: Mustang Village | Desktop Version | Listing Updated: 05/24/2026 | AHLGLD