Megargel is a town in Archer County, Texas, United States. It is part of the Wichita Falls, Texas Metropolitan Statistical Area. The population was 248 at the 2000 census. The town is named for Roy C. Megargel, the president of the railroad that developed the town. The proper pronunciation of the town is 'me gargle'. The high school is said to have the first high school band in the state of Texas. Megargel apartments for rent comparison page shows most up to date rent information on Megargel apartments and houses. Rent information is obtained from multiple rental sources but we cannot guarantee their accuracy.