Which floor plans are available, and what are the price ranges?

54 Rainey St Austin, TX 78701 has two bedrooms available and rents for $3,250/mo.

Can I see a model or tour available condos at 54 Rainey St Austin, TX 78701?

Yes, to view the floor plan in person, please schedule a personal tour.

What neighborhood is the property located in?

54 Rainey St Austin, TX 78701 is in Texas Capital in the city of Austin. Here you’ll find three shopping centers within 0.9 mile of the property. Five parks are within 3.2 miles, including Lady Bird Lake, Umlauf Sculpture Garden and Museum, and Blunn Creek Nature Preserve.

Condos Texas Travis County Austin Texas Capital 54 Rainey St Unit 501

$3,250 / Month

54 Rainey St

Austin, TX 78701

1 Day Ago

512-940-9734

Bedrooms

2
Bathrooms

2
Square Feet

1,289 sq ft
Available

Available Mar 1

Highlights

Lake Front
Fitness Center
In Ground Pool
River View
Open Floorplan
Wooded Lot

54 Rainey St Unit 501

About This Home

Available Mar 1

A rare opportunity to live in the highly sought-after Milago Condominiums, perfectly situated along the serene shores of Lady Bird Lake. This elegant 2-bedroom, 2-bathroom residence offers a seamless blend of comfort and modern convenience. Step inside to find a thoughtfully designed space that will be freshly repainted before move-in, ensuring a pristine and inviting atmosphere. The unit features Google Fiber connectivity, a fairly-new HVAC system, refrigerator, and microwave, as well as a washer and dryer for ultimate convenience. The second bedroom is enhanced with a Murphy bed, while the primary suite boasts a custom-built closet, maximizing both style and functionality. Enjoy breathtaking tree-lined and lake views from the spacious private balcony, offering a tranquil retreat in the heart of the city. Parking is effortless with two dedicated spaces, ensuring convenience and peace of mind. The Milago offers an array of premium amenities, including a rooftop pool with panoramic views, a state-of-the-art fitness center, and 24/7 concierge service. Just steps from the vibrant hike-and-bike trail, this prime location allows you to immerse yourself in the best of downtown Austinâ€”renowned dining, nightlife, and entertainment all just moments away. Available for move-in starting March 1. Don't miss the chance to call this exceptional condo home!

54 Rainey St is a condo located in Travis County and the 78701 ZIP Code.

* Price shown is base rent and may not include non-optional fees and utilities. Price, availability, fees, and any applicable rent special are subject to change without notice.

* Square footage definitions vary. Displayed square footage is approximate.

Home Details

Home Type

Condominium

Year Built

Built in 2005

Bedrooms and Bathrooms

2 Main Level <<mainBed>> 2 Full <<bathroom>>

Flooring

Wood Tile Carpet

Home Design

Masonry Siding Slab Foundation

Home Security

Fire and Smoke Detector

Interior Spaces

Open Floorplan Double Pane Windows 1-Story Property Window Screens 1,289 Sq Ft Home

Kitchen

Electric Range Eat-In Kitchen Breakfast Bar Dishwasher

Laundry

Washer and Dryer

Listing and Financial Details

Security Deposit $3,250 12 Month Lease Term $65 Application Fee Assessor Parcel Number 02030312490000 Tenant pays for all utilities The owner pays for association fees, taxes

Lot Details

Lake Front 305 Sq Ft Lot Wooded Lot South Facing Home Sprinkler System

Outdoor Features

Balcony

Parking

2 Car Garage Assigned Parking Reserved Parking

Pool

In Ground Pool

Schools

Mathews Elementary School O Henry Middle School Austin High School

Utilities

Central Heating and Cooling System

Views

River Lake

Community Details

Amenities

Common Area

Overview

Property has a Home Owners Association Milago Condo Amd<<Subdivision>>

Pet Policy

Dogs and Cats Allowed Breed Restrictions Medium pets allowed Pet Deposit $300

Recreation

Fitness Center Community Pool

Milago Condominiums

240 Units 13 Stories Built in 2005 339,418 Sq Ft

Milago Condominiums, designed by WDG, stands as a 13-story residential building completed in 2005. Located in the vibrant Rainey Street Historic District of Austin, this building offers 240 units that blend modern design with the lively atmosphere of downtown. The building's architecture features a mix of curved and angular facades, combining brick and stucco exteriors, which complement the dynamic surroundings. Milago provides a unique opportunity to experience urban living with direct access to Lady Bird Lake and the Ann and Roy Butler Hike-and-Bike Trail.

Learn more about Milago Condominiums

Contact

Listed by Anuj Jaiswal
Phone Number (512) 940-9734
Contact
Source

Austin Board of REALTORS®

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 © 2025.

Location Get Directions

Schools Restaurants Groceries Coffee Banks Shops Fitness

Amenities

Dishwasher
Refrigerator

Hardwood Floors
Carpet

Tile Floors
Balcony

Pool

Neighborhood

The stunning Texas Capitol towers over the landscape of Downtown Austin, quite possibly the hottest neighborhood in one of America’s favorite cities. Austin’s truly legendary nightlife scene is certainly not restricted to the famous 6th Street, although this particular Downtown thoroughfare definitely has its share of noteworthy watering holes. Live music is an integral element of the city, and nowhere is this more apparent than Downtown, where stages and venues of every description kick out a variety of tunes every night of the week. And of course, living in Downtown Austin comes with the benefit of one of America’s best selections of food, from exceptional local favorites like barbecue and Tex-Mex to eclectic food trucks and exotic international fare.

From a more practical standpoint, living in Downtown Austin puts you right at the heart of the city’s thriving business and government centers, meaning that many locals live near enough to walk or bike to work.

Learn more about living in Texas Capital

Education

Colleges & Universities			Distance
Colleges & Universities			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	3.0 mi

54 Rainey St Unit 501 is within 5 minutes or 2.6 miles from Austin C.C., Rio Grande Campus. It is also near University of Texas at Austin and Austin C.C., Eastview Campus.

Transportation

54 Rainey St Unit 501 is near Austin-Bergstrom International, located 11.7 miles or 22 minutes away.

Commuter Rail			Distance
Commuter Rail			Distance
Austin	Drive:	6 min	1.7 mi
San Marcos Amtrak	Drive:	36 min	30.3 mi
Taylor Amtrak	Drive:	45 min	36.5 mi

Airports			Distance
Airports			Distance
Austin-Bergstrom International	Drive:	22 min	11.7 mi

Very Walkable

Walk Score^®

Out of 100

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

Good Transit

Transit Score^®

Out of 100

The area around this property has good transit with many nearby transportation options.

Biker's Paradise

Bike Score^®

Out of 100

Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.

Soundscore^™

Out of 100

Traffic:

Airport:

Businesses:

Score provided by

Scores provided by and

Score provided by

Points of Interest

Time and distance from 54 Rainey St Unit 501.

Shopping Centers			Distance
Shopping Centers			Distance
Saltillo	Walk:	13 min	0.7 mi
805 & 809 E 6th St	Walk:	14 min	0.7 mi
6th & Congress	Walk:	17 min	0.9 mi

54 Rainey St Unit 501 has 3 shopping centers within 0.9 mile, which is about a 17-minute walk. The miles and minutes will be for the farthest away property.

Parks and Recreation			Distance
Parks and Recreation			Distance
Lady Bird Lake	Drive:	3 min	1.6 mi
Umlauf Sculpture Garden and Museum	Drive:	7 min	2.5 mi
Blunn Creek Nature Preserve	Drive:	4 min	2.5 mi
Zilker Botanical Garden	Drive:	7 min	2.9 mi
Boggy Creek Greenbelt	Drive:	6 min	3.2 mi

54 Rainey St Unit 501 has 5 parks within 3.2 miles, including Lady Bird Lake, Umlauf Sculpture Garden and Museum, and Blunn Creek Nature Preserve.

Hospitals			Distance
Hospitals			Distance
Dell Seton Medical Center at The University of Texas	Drive:	3 min	1.6 mi
Austin Lakes Hospital	Drive:	4 min	2.6 mi
St. David's Medical Center	Drive:	5 min	2.7 mi

54 Rainey St Unit 501 has 3 hospitals within 2.7 miles, the nearest is Dell Seton Medical Center at The University of Texas which is 1.6 miles away and a 3 minutes drive.