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54 Rainey St
Austin, TX 78701

Floorplan Pricing and Availability
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2 Bedrooms
509 - 54 Rainey St
$3,100
2 Beds, 2 Baths, 1189 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $3,100 Available Now 509 - 54 Rainey St 1189 sq ft Model Amenities and Features
Features
- Balcony
Fitness & Recreation
- Pool
Kitchen
- Dishwasher
- Disposal
- Microwave
- Refrigerator
Living Space
- Hardwood Floors
- Tile Floors
Model Rent and Fees
Model Price
- $3,100
Additional Property Details
Move In Special: 2K Security Deposit *Look & Lease $1K off security deposit. 360 Degree Views of Lake, DT, Hills on Rooftop Pool & Steps to Ladybird Lake & Hike & Bike Trail w Ladybird Lake access. This unit recently renovated, designer interiors, new floors & paint offers 24 HR Concierge, secure parking, extra amenities, rooftop hot tub, fully equipped lakefront/trail fitness center and patio, club room, WiFi lounge, 3rd floor community terrace w/grill and patio seating . Unit has multiple upgrades, w no carpet, glass tile backsplash and column, recess lighting, fluted and dental moldings, faux finishes, designer frosted W/D sliding doors. Sq./Ft. w Balcony 1189 sq./ft Owner/Agent TX#569615 MLS ID 3436351
312 - 54 Rainey St
$3,225
2 Beds, 2 Baths, 1164 sq ftAvailable Feb 1Availability Details
Price Availability Date Unit Sq Ft Deposit $3,225 February 1, 2026 312 - 54 Rainey St 1164 sq ft $3,225 Model Amenities and Features
Unique Amenities
- garage available
Features
- Air Conditioning
- Washer/Dryer
Fitness & Recreation
- Fitness Center
- Pool
- Walking/Biking Trails
Interior
- Business Center
- Elevator
Kitchen
- Dishwasher
- Kitchen
Lease Terms
- 12 Month Lease
Living Space
- Hardwood Floors
- Office
Outdoor Space
- Patio
Services
- Concierge
- Dog Park
Model Rent and Fees
Model Price
- $3,225
Deposit
- $3,225 deposit
Additional Property Details
Modern Rainey Retreat | Direct Trail Access + Residents-Only Terrace Live at Milago in a beautifully updated 2-bedroom, 2-bath home in the heart of Rainey Street—where downtown convenience meets the outdoors. This 1,164 sq ft residence has an open layout, hardwood floors, and upgraded kitchen and bathrooms. The standout feature: a rare 3rd-floor setting with direct access to a residents-only community terrace and an open, unobstructed outlook—not facing another building or parking garage. Enjoy views over the dog park and quick access to the Lady Bird Lake Trail right outside the building. Home Highlights • Updated kitchen with quartz-style counters, breakfast bar, and stainless appliances • Bright living area with large windows and modern lighting • Two true bedrooms / flexible split layout for guests or a dedicated office • Both bathrooms upgraded with contemporary finishes • Reserved garage parking included • Pet friendly Milago Amenities • Rooftop pool + separate hot tub • 24/7 Concierge, business center, and enclosed lake-facing patio on the lobby level • Fitness center + resident club room • Secure mailroom + package receiving area Steps from Rainey’s restaurants and nightlife, and unmatched for outdoor access—Milago offers one of the most convenient connections to the Lady Bird Lake Trail.
3 Bedrooms
1018 - 54 Rainey St
$5,795
3 Beds, 3 Baths, 1956 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $5,795 Available Now 1018 - 54 Rainey St 1956 sq ft Model Amenities and Features
Features
- Balcony
Kitchen
- Dishwasher
Model Rent and Fees
Model Price
- $5,795
Additional Property Details
Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office/study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit. Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage. Also available for sale. MLS ID 4971034
Features and Amenities
Recreation and Fitness
- Pool
Interior Features
- Balcony
Kitchen Amenities
- Disposal
- Refrigerator
- Dishwasher
- Microwave
Living Area Features
- Tile Floors
- Hardwood Floors

Map
- Shopping
- Colleges
- Schools
- Grocery
- Medical
- Parks
- Transportation

Map
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Points of Interest
Time and distance from 54 Rainey St.
Arts Museums and Landmarks
Big Box and Retail
Walgreens
Goodwill
Walmart
Colleges and Universities
Groceries
Heb
H-E-B
Hospitals
Dell Seton Medical Center At The University Of Texas
Austin Lakes Hospital
St. David's Medical Center
Hotspots
Military Bases
Camp Mabry Military Reserve
Parks and Recreation
54 Rainey St has 5 parks within 2.9 miles, including Umlauf Sculpture Garden, Barton Springs Pool, Deep Eddy, Lions Golf Course, and Hancock Golf Course.
Restaurants and Dining
Shopping Centers
54 Rainey St has 5 shopping centers within 1.1 miles.
Transit Stations
Martin Luther King, Jr. Station-Capital MetroRail
Nearby Neighborhoods
Nearby Apartments
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin Studio Apartments | $1,308 | $598 | $3,568 |
| Austin 1 Bedroom Apartments | $1,446 | $600 | $10,000+ |
| Austin 2 Bedroom Apartments | $1,829 | $689 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,256 | $674 | $10,000+ |
| Austin 4 Bedroom Apartments | $1,922 | $489 | $10,000+ |
| Austin 5 Bedroom Apartments | $4,069 | $845 | $10,000+ |
| Austin 6 Bedroom Apartments | $9,405 | $4,500 | $10,000+ |
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