
54 Rainey St, Austin, TX 78701
What This Condo Offers
Fully furnished Penthouse unit at the Milago available immediately for lease! Unobstructed 180-270 degree gorgeous views in all directions and easy access to... Lady Bird Lake hike and bike trail, easy access to paddle boards and kayaks just below the unit. Walking distance to all things Rainey and Downtown. This large (2400+ sq. ft.), 2 bedroom, 2.5 bath + Den/Office really impresses with its remodel upgrades, high quality furniture, and windows in every direction. Fully automated shades. Easy approval and move-in process. Milago is a wonderful mid-rise building. Milago charges small admin fee for setting up key fobs, etc. 2 pets max. $500/per pet deposit + Cleaning Fee at end of lease. Owner seeking 12+ month term. Text listing agent with a little notice to show, and listing agent will coordinate appointment with current tenant in place thru Feb 2026. Await confrimation and key will be at concierge. MLS ID 4558569
Unit 1222
- $6,995 / month
- 2 Beds
- 3 Baths
- 2418 sq. ft.
- Available Mar 1
Condo Features
- Balcony
- Carpet
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Tile Floors
Community Features
- Pool
54 Rainey St Unit 1222 is located in Austin, Texas in the 78701 zip code.
Condo Details
Views
- Panoramic
- River
- Lake
- City
Home Design
- Built in 2005
- Condominium
- Slab Foundation
Interior Spaces
- Elevator
- Furnished
- Multiple Living Areas
- Double Pane Windows
- Recessed Lighting
- 1-Story Property
- 2418 Sq Ft Home
- Window Treatments
Kitchen
- Built-In Refrigerator
- Stainless Steel Appliances
- Built-In Oven
- Built-In Range
- Wine Cooler
- Breakfast Bar
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Stone
- Carpet
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Double Vanity
- Walk-In Closet
- 2.5 Bathrooms
- 2 Bedrooms | 3 Bathrooms
Laundry
- Washer and Dryer
Home Security
- Security Lights
Parking
- Gated Parking
- Designated Car Share Spaces
- 2 Car Garage
- Community Parking Structure
- Assigned Parking
- Reserved Parking
Accessible Home Design
- No Interior Steps
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
- Energy-Efficient Thermostat
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Energy-Efficient Insulation
- Sustainability products and practices used to construct the property include onsite recycling center
Pool
- In Ground Spa
- Outdoor Pool
- Heated Pool
Outdoor Features
- Balcony
- Side Porch
- Patio
Lot Details
- Lake Front
- 610 Sq Ft Lot
- River Front
- Wooded Lot
- Fenced
- Southwest Facing Home
- Dense Growth Of Small Trees
Location
- Property is near clubhouse and public transit
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Zoned Heating and Cooling System
- High Speed Internet
- Cable TV Available
- Public Water Source
- Electricity Connected
- Phone Connected
- Water Connected
- Public Sewer
Listing and Financial Details
- Security Deposit $6,995
- 12 Month Lease Term
- $50 Application Fee
- Assessor Parcel Number 02030314260000
- Tenant pays for all utilities
- The owner pays for repairs, taxes
Community Details
Overview
- Community Lake
- Lock-and-Leave Community
- Greenbelt
- 250 Units
- Property has a Home Owners Association
- Milago Condo Amd Subdivision
Amenities
- Concierge
- Rooftop Deck
- Clubhouse
- Business Center
- Meeting Room
- Bike Room
- Community Barbecue Grill
- Picnic Area
- Community Storage Space
- Community Mailbox
- Recycling
Recreation
- Fitness Center
- Community Pool
- Park
- Trails
Pet Policy
- Pet Amenities
- Call for details about the types of pets allowed
- Pet Deposit $1000
Security
- Resident Manager or Management On Site
- Controlled Access
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.
Neighborhood Scores
Walk Score ®
Very Walkable88 / 100
Transit Score ®
Good Transit60 / 100
Bike Score ®
Biker's Paradise91 / 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 1222 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 60, 54 Rainey St Unit 1222 has good 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 1222 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 1222.
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