
54 Rainey St, Austin, TX 78701
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
- Drive Time--
- Walk Time--
- Bike Ride Time--
- Public Transit--
Get In Touch
Austin, TX 78701

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
Soundscore ™
Busy67 / 100
Travel and Transit

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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