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$2,100 /month

54 Rainey St, Austin, TX 78701

Last Updated:

What This Condo Offers

Vibrant downtown living meets the beauty of lakeside Austin. Located in the heart of the Rainey Street Historic District, this updated one-bedroom condo with a... dedicated *study* offers the perfect combination of comfort, flexibility, and urban convenience. An open-concept layout creates a bright, modern feel throughout the home. The kitchen flows seamlessly into the dining and living spaces, making the condo feel spacious and inviting whether you’re entertaining guests or enjoying a quiet evening at home. The well-appointed kitchen features generous storage, granite countertops, stainless steel appliances, and a convenient breakfast bar for casual dining. The separate study adds exceptional versatility and can easily function as a home office, guest room, creative space, or additional storage area. Large windows invite natural light while offering views of the dynamic downtown surroundings. Milago residents enjoy a collection of amenities, including a fully equipped fitness center, bike storage, club and party room, concierge service, and multiple outdoor gathering spaces. Relax in the rooftop pool and spa with shaded lounge areas and BBQ grills, gather with friends on the third-floor terrace overlooking Lady Bird Lake, or enjoy direct access to the hike-and-bike trail from the ground-floor lakeside patio. Just steps from some of Austin’s best restaurants, coffee shops, nightlife, and entertainment, plus convenient access to Royal Blue Grocery, this location truly places the best of downtown at your doorstep. Includes one parking spot. Experience elevated downtown Austin living at Milago. MLS ID 7187953

Unit 1117

  • $2,100 / month
  • 1 Bed
  • 1 Bath
  • 865 sq. ft.
  • Available Now

Condo Features

  • Carpet
  • Dishwasher
  • Disposal
  • Hardwood Floors
  • Microwave
  • Refrigerator
  • Tile Floors

Community Features

  • Pool

54 Rainey St Unit 1117 is a condo for rent in Austin, TX

Condo Details

Views

  • River
  • Lake
  • City

Home Design

  • Built in 2005
  • Brick Exterior Construction
  • Condominium
  • Composition Roof
  • Frame Construction

Interior Spaces

  • Home Office
  • 1-Story Property
  • 865 Sq Ft Home

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Carpet

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • 1 Bedroom | 1 Bathroom

Parking

  • 1 Car Garage

Pool

  • Pool

Lot Details

  • Northwest Facing Home

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • Electricity Available
  • Public Water Source
  • Public Sewer

Listing and Financial Details

  • Security Deposit $2,200
  • 12 Month Lease Term
  • $40 Application Fee
  • Assessor Parcel Number 02030314020000
  • Tenant pays for all utilities

Community Details

Overview

  • Community Lake
  • 240 Units
  • Property has a Home Owners Association
  • Property managed by Michelle Ward
  • Milago Condominiums Subdivision

Amenities

  • Concierge
  • Bike Room

Recreation

  • Trails
  • Dog Park

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500

Explore Commute Options

Destination Address
  • Drive Time
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  • Walk Time
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What's nearby 54 Rainey St Unit 1117

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Get In Touch

Property Address:
54 Rainey St,
Austin, TX 78701
Listed by
Michelle Ward | Waterloo Realty, LLC
Phone Number: (512) 461-2396
AustinBOR#TX

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. ABoR, ACTRIS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property listing is offered without respect to any protected classes in accordance with the law. Copyright © 2026.

Area Scores

Walkability

Very walkable80 / 100

Transit

Some public transit50 / 100

Driveability

Moderately drivable70 / 100

Bikeability

Very bikeable80 / 100

Scores provided by

Soundscore

Busy67 / 100

Scores provided by
HowLoud

Travel and Transit

Commuter Rail
5 min Drive
Airport
Austin-Bergstrom International
23 min Drive
Austin-Bergstrom International

Local Education

Colleges and Universities

School

Commute Time (Distance)

University of Texas at Austin

Drive: 5 min (2.3 mi)

Austin C.C., Rio Grande Campus

Drive: 5 min (2.6 mi)

Austin C.C., Eastview Campus

Drive: 6 min (2.9 mi)

St. Edward's University

Drive: 6 min (3 mi)

Discover Texas Capital, Austin, TX

Shopping Centers

Shoppers will appreciate 54 Rainey St Unit 1117 proximity to 805 & 809 E 6th St, 6th & Congress, and Pecan Business Square. 805 & 809 E 6th St is 0.8 miles away, and 6th & Congress is within a 17 minute walk.

Commuting

With a TransitScore of 50, 54 Rainey St Unit 1117 has some public transit, including 8 transit stops within 36.5 miles. Transit options include Downtown Station and Plaza Saltillo Station.

Parks and Recreation

Recreational activities near 54 Rainey St Unit 1117 are plentiful. Discover 5 parks within 3.2 miles, including Lady Bird Lake, Umlauf Sculpture Garden and Museum, and Blunn Creek Nature Preserve.

Airports

Living in Texas Capital provides easy access to Austin-Bergstrom International, located just 22 minutes from 54 Rainey St Unit 1117.

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