
54 Rainey St, Austin, TX 78701
What This Condo Offers
Experience elevated downtown living at Milago, where style, space, and sweeping views come together in one exceptional residence. This beautifully appointed... 3-bedroom, 2.5-bath condo offers nearly 2,000 square feet (1,956 SF) of light-filled living space in one of Austin’s most desirable waterfront buildings. From the moment you enter, you’re greeted by expansive windows that flood the home with natural light and frame stunning views the downtown skyline and Lady Bird Lake. Rich wood flooring runs throughout, creating a warm, cohesive feel across the open-concept living and dining areas—perfect for entertaining or simply enjoying the view. The gorgeous kitchen is both functional and refined, featuring quartz countertops, a custom backsplash, an extra-deep sink, and abundant cabinet space for effortless organization. Whether you’re hosting friends before a night out or preparing a quiet dinner at home, this kitchen is designed to impress. The spacious primary suite offers a true retreat, complete with a luxurious ensuite bath boasting a double vanity, large soaking tub, and separate walk-in shower. Two additional bedrooms provide flexibility for guests, a home office, or a dedicated fitness or media space. Located just steps from the Town Lake Trail, you’ll have immediate access to miles of scenic waterfront paths, along with some of Austin’s best dining, shopping, and entertainment. Residents of Milago enjoy premium amenities including a beautiful pool and a fully equipped fitness center. This is downtown Austin living at its finest—spacious, sophisticated, and perfectly positioned to enjoy the best of the city. MLS ID 8186815
Unit 1018
- $4,800 / month
- 3 Beds
- 3 Baths
- 1956 sq. ft.
- Available Now
Condo Features
- Balcony
- Dishwasher
54 Rainey St Unit 1018 is a condo for rent in Austin, TX
Condo Details
Views
- Lake
- Downtown
- Hills
Home Design
- Built in 2005
- Brick Exterior Construction
- Condominium
- Stone Siding
- Built-Up Roof
- Stucco
- Pillar, Post or Pier Foundation
Interior Spaces
- Furnished
- Double Pane Windows
- 1-Story Property
- 1956 Sq Ft Home
Kitchen
- Built-In Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2.5 Bathrooms
- 3 Bedrooms | 3 Bathrooms
Laundry
- Laundry in unit
Parking
- 2 Car Garage
- Community Parking Structure
- Reserved Parking
Outdoor Features
- Balcony
Lot Details
- Lake Front
- 492 Sq Ft Lot
- Northwest Facing Home
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Heating
- Public Water Source
Listing and Financial Details
- Security Deposit $4,800
- 12 Month Lease Term
- $65 Application Fee
- Assessor Parcel Number 02030313820000
- Tenant pays for all utilities
Community Details
Overview
- 240 Units
- Property has a Home Owners Association
- Milago Condo Amd Subdivision
Amenities
- Concierge
- Business Center
- Bike Room
- Community Barbecue Grill
Recreation
- Fitness Center
- Community Pool
- Trails
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 1018 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 1018 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 1018 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 1018.
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