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54 Rainey St

(512) 689-9324
Check Availability
Austin, TX 78701

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54 Rainey St

Austin, TX 78701
(512) 689-9324
54 Rainey St in Austin, TX - Building Photo
2 Bedroom - Condo for Rent
Unit 1201
  • 2BR, 2BA Condo
  • $4,550 Pricing
  • 1,289 Square Feet
  • Available Now Availability

About 54 Rainey St

Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, two balconies, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. This unit comes with a dedicated climate controlled storage space. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddle-boarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living. MLS ID 2708728

54 Rainey St is located in the Texas Capital Neighborhood and 78701 Zip code of Austin, TX.

Property Contact Info

Features and Amenities

Interior Features

  • Balcony

Kitchen Amenities

  • Disposal
  • Dishwasher

Living Area Features

  • Tile Floors
  • Hardwood Floors
Google Map

Map

54 Rainey St, Austin, TX 78701

Getting Around

  • 80 / 100 Very Walkable

    Most day-to-day needs are within a few minutes' walk

  • 50 / 100 Some public transit

    Transit is available for most trips

  • 80 / 100 Very Bikeable

    Highly suitable for bicycle commuting and/or recreation

  • 70 / 100 Moderately car friendly

    Good access to freeways and/or major arteries, with a low chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 90 / 100 Restaurants

    Exceptional variety of restaurants within a few minutes

  • 100 / 100 Cafes

    Exceptional variety of cafés within a few minutes

  • 100 / 100 Nightlife

    Exceptional variety of bars right within a few minutes

  • 80 / 100 Shopping

    Wide variety of shops within a few minutes

  • 100 / 100 Parks

    Exceptionally large amount of park space within a few minutes

  • 80 / 100 Noise Level

    Very few sources of noise nearby

Scores provided by Local Logic

Frequently Asked Questions about 54 Rainey St

What type of rental is available at 54 Rainey St?

There is currently a 2 Bed 2 Bath Condo for rent with 1,289 sq ft listed at 54 Rainey St. It is Available Now.

How much is the rent at 54 Rainey St?

The rental at 54 Rainey St is currently listed at $4,550.

What area of town is 54 Rainey St located in?

Located in the Texas Capital Neighborhood, 54 Rainey St is in the 78701 Zip Code of Austin, TX.

Points of Interest

Time and distance from 54 Rainey St.

Arts Museums and Landmarks

Austin Bat Bridge

S. Congress
1 minute drive / 0.37 miles away

The Austonian

200 Congress Avenue
1 minute drive / 0.4 miles away

O. Henry House and Museum

409 East 5th Street
1 minute drive / 0.42 miles away

Big Box and Retail

Walgreens

2501 S Lamar Blvd
5 minute drive / 2.45 miles away

Goodwill

2800 S Lamar Blvd
5 minute drive / 2.72 miles away

Walmart

600-710 E Ben White Blvd
6 minute drive / 2.81 miles away

Colleges and Universities

Austin Community College - Rio Grande Campus

1212 Rio Grande
3 minute drive / 1.25 miles away

University of Texas at Austin - Austin Campus

110 Inner Campus Drive
5 minute drive / 1.72 miles away

Austin Community College - Eastview Campus

3401 Webberville Road
4 minute drive / 2.1 miles away

Groceries

Heb

2701 E 7th St
5 minute drive / 1.7 miles away

H-E-B

2400 S Congress Ave
5 minute drive / 1.73 miles away

Hospitals

Dell Seton Medical Center At The University Of Texas

601 E 15th Street
3 minute drive / 1.12 miles away

Austin Lakes Hospital

1025 East 32nd Street
4 minute drive / 2.25 miles away

St. David's Medical Center

919 E 32nd St
4 minute drive / 2.27 miles away

Hotspots

6th Street

6th st
2 minute drive / 0.86 miles away

Military Bases

Camp Mabry Military Reserve

9 minute drive / 4.27 miles away

Parks and Recreation

Umlauf Sculpture Garden

605 Robert E Lee Road
4 minute drive / 1.59 miles away

Barton Springs Pool

2201 Barton Springs Road
5 minute drive / 1.68 miles away

Deep Eddy

Deep Eddy Park
4 minute drive / 2.31 miles away

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

Iron Works Barbeque

100 Red River
1 minute drive / 0.15 miles away

Moonshine Restaurant

303 Red River Street
1 minute drive / 0.28 miles away

Fogo De Chao

309 E. 3rd St., Ste. 100
1 minute drive / 0.31 miles away

Shopping Centers

805 & 809 E 6th St

809 E 6th St
1 minute drive / 0.52 miles away

SouthPark Meadows II

900 Interstate 35
2 minute drive / 0.72 miles away

Pecan Business Square

1304 E 6th St
2 minute drive / 0.72 miles away

54 Rainey St has 5 shopping centers within 1.1 miles.

Transit Stations

Downtown Station-Capital MetroRail

401 E 4th Street
1 minute drive / 0.35 miles away

Plaza Saltillo Station-Capital MetroRail

412 Comal Street
2 minute drive / 0.76 miles away

Martin Luther King, Jr. Station-Capital MetroRail

1719 Alexander Avenue
4 minute drive / 2.31 miles away

Nearby Neighborhoods

Tarrytown

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Westfield

Studio to 5 Bedroom Apartments from $705
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West Lake Hills

Studio to 6 Bedroom Apartments from $1,193
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Nearby Apartments

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Austin Studio Apartments $1,302$634$5,053
Austin 1 Bedroom Apartments $1,469$500$10,000+
Austin 2 Bedroom Apartments $1,856$624$10,000+
Austin 3 Bedroom Apartments $2,193$695$10,000+
Austin 4 Bedroom Apartments $2,107$575$10,000+
Austin 5 Bedroom Apartments $2,939$830$7,452
Austin 6 Bedroom Apartments $2,143$814$10,000+

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Viewing: 54 Rainey St | Desktop Version | Listing Updated: 08/07/2026