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54 Rainey St
Austin, TX 78701

Floorplan Pricing and Availability
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2 Bedrooms
922 - 54 Rainey St
$4,150
2 Beds, 2 Baths, 1212 sq ftAvailable NowAvailability Details
Price Availability Date Unit Sq Ft $4,150 Available Now 922 - 54 Rainey St 1212 sq ft Model Amenities and Features
Features
- Balcony
Kitchen
- Dishwasher
- Disposal
- Microwave
- Refrigerator
Living Space
- Hardwood Floors
- Tile Floors
Model Rent and Fees
Model Price
- $4,150Plus Fees
Additional Property Details
Welcome to Milago Unit 922, a spacious 2-bedroom, 2-bath residence offering breathtaking panoramic views of Downtown Austin and Lady Bird Lake. Ideally positioned at the tranquil end of Rainey Street, this premier condo blends peaceful lakeside living with immediate access to Austin’s most vibrant dining and entertainment district. This home underwent a comprehensive $150,000 remodel in 2017, completed through a thorough six-month renovation process. Enhancements include new hardwood flooring throughout, reconfigured walls and closets for improved functionality, custom pocket doors, and fully updated bathrooms with new toilets, showers, and modern finishes. The kitchen was completely redesigned with all-new appliances, cabinetry, and countertops, creating a refined, timeless space ideal for everyday living and entertaining. Designed for modern living, the residence features oversized windows with automatic power shades, abundant natural light throughout and seamless indoor-outdoor connection highlighting city and lake views BONUS FEATURES include two premium GROUND LEVEL parking spaces, a dedicated storage unit, refrigerator, and stackable washer/dryer—all included for your convenience. The Milago Condominiums recently completed its first building-wide assessment since original construction, funding major capital improvements including roof replacement and elevator upgrades. The seller has already paid the full assessment for Unit 922, offering peace of mind and value to the next owner. Additionally, the building will soon begin a refresh of common areas and hallways, further enhancing the community’s appeal and long-term value. Milago residents enjoy resort-style amenities, including: - Rooftop pool & spa with grilling stations - 2nd-floor fitness center and club room - 1st-floor resident lounge and landscaped outdoor patio - 24-hour concierge service MLS ID 5910542
518 - 54 Rainey St
$3,995
2 Beds, 2 Baths, 1164 sq ftAvailable Mar 1Availability Details
Price Availability Date Unit Sq Ft $3,995 March 1, 2026 518 - 54 Rainey St 1164 sq ft Model Amenities and Features
Features
- Balcony
Fitness & Recreation
- Pool
Kitchen
- Dishwasher
- Disposal
- Microwave
Living Space
- Hardwood Floors
- Tile Floors
Model Rent and Fees
Model Price
- $3,995Plus Fees
Additional Property Details
***Rare Furnished Unit!!!***Located within Austin’s Rainey Street District, walking distance to Austin’s Butler Hike trail, easy access to upscale dinning and entertainment, this beauty offers views of the most desirable city in America! Escape the busy city life in this Oasis located on the 5th floor at Milago. This spacious condo is a 2BED/2 BATH open floor plan for anyone looking to live in the heartbeat of Austin. Condo includes: 24 hour concierge service, 24 hour access to all amenities, stainless steel appliances, 2 reserved garage parking spots, and a private balcony. MLS ID 6804395
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
- $3,225Plus Fees
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.
1222 - 54 Rainey St
$6,995
2 Beds, 3 Baths, 2418 sq ftAvailable Mar 1Largest 2 BedroomThis is the largest 2 Bedroom at this PropertyAvailability Details
Price Availability Date Unit Sq Ft $6,995 March 1, 2026 1222 - 54 Rainey St 2418 sq ft Model Rent and Fees
Model Price
- $6,995Plus Fees
Additional Property Details
Features and Amenities
Interior Features
- Balcony
Kitchen Amenities
- Disposal
- Dishwasher
- Microwave
- Refrigerator
Living Area Features
- Tile Floors
- Hardwood Floors

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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
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 | $1,315 | $615 | $10,000+ |
| Austin 1 Bedroom Apartments | $1,451 | $423 | $10,000+ |
| Austin 2 Bedroom Apartments | $1,833 | $423 | $10,000+ |
| Austin 3 Bedroom Apartments | $2,224 | $604 | $10,000+ |
| Austin 4 Bedroom Apartments | $1,818 | $489 | $10,000+ |
| Austin 5 Bedroom Apartments | $3,948 | $845 | $10,000+ |
| Austin 6 Bedroom Apartments | $1,853 | $1,249 | $10,000+ |
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