$2,100 / Month

54 Rainey St Unit 1117

,

Austin, TX 78701

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512-461-2396
  • Bedrooms

    1

  • Bathrooms

    1

  • Square Feet

    865 sq ft

  • Available

    Available Now

Highlights

  • Concierge
  • Pool
  • River View
  • City View
  • Community Lake
  • Wood Flooring
54 Rainey St Unit 1117
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About This Home

Available Now

Vibrant downtown living meets the beauty of lakeside Austin. Located in the heart of the Rainey Street Historic District, this updated one-bedroom condo with a dedicated *study* offers the perfect combination of comfort, flexibility, and urban convenience. An open-concept layout creates a bright, modern feel throughout the home. The kitchen flows seamlessly into the dining and living spaces, making the condo feel spacious and inviting whether you’re entertaining guests or enjoying a quiet evening at home. The well-appointed kitchen features generous storage, granite countertops, stainless steel appliances, and a convenient breakfast bar for casual dining. The separate study adds exceptional versatility and can easily function as a home office, guest room, creative space, or additional storage area. Large windows invite natural light while offering views of the dynamic downtown surroundings. Milago residents enjoy a collection of amenities, including a fully equipped fitness center, bike storage, club and party room, concierge service, and multiple outdoor gathering spaces. Relax in the rooftop pool and spa with shaded lounge areas and BBQ grills, gather with friends on the third-floor terrace overlooking Lady Bird Lake, or enjoy direct access to the hike-and-bike trail from the ground-floor lakeside patio. Just steps from some of Austin’s best restaurants, coffee shops, nightlife, and entertainment, plus convenient access to Royal Blue Grocery, this location truly places the best of downtown at your doorstep. Includes one parking spot. Experience elevated downtown Austin living at Milago. MLS ID 7187953

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

* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. 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

1 Primary Bedroom on Main 1 Full Bathroom

Flooring

Wood Tile Carpet

Home Design

Brick Exterior Construction Composition Roof Frame Construction

Interior Spaces

Home Office 1-Story Property 865 Sq Ft Home

Kitchen

Free-Standing Range Microwave Dishwasher Disposal

Listing and Financial Details

Security Deposit $2,200 12 Month Lease Term $40 Application Fee Assessor Parcel Number 02030314020000 Tenant pays for all utilities

Lot Details

Northwest Facing Home

Parking

1 Car Garage

Schools

Mathews Elementary School O Henry Middle School Austin High School

Utilities

Central Heating and Cooling System

Views

River Lake City

Community Details

Amenities

Concierge Bike Room

Overview

Community Lake 240 Units Property has a Home Owners Association Property managed by Michelle Ward Milago Condominiums Subdivision

Pet Policy

Pets allowed on a case-by-case basis Pet Deposit $500

Recreation

Trails Dog Park

Contact

  • Listed by Michelle Ward | Waterloo Realty, LLC
  • Phone Number
  • 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 © 2026.
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Under 30 minutes

Commute Time is calculated at rush hour.
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 
Amenities
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Hardwood Floors
  • Carpet
  • Tile Floors
  • Pool
Education
Colleges & Universities Distance
Colleges & Universities Distance
Drive: 5 min 2.3 mi
Drive: 5 min 2.6 mi
Drive: 6 min 2.9 mi
Drive: 6 min 3.0 mi
54 Rainey St Unit 1117 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

Transportation options available in Austin include Downtown Station, located 0.6 mile from 54 Rainey St Unit 1117. 54 Rainey St Unit 1117 is near Austin-Bergstrom International, located 11.7 miles or 22 minutes away.

Transit / Subway Distance
Transit / Subway Distance
Walk: 10 min 0.6 mi
Drive: 3 min 1.2 mi
Drive: 6 min 3.2 mi
Drive: 8 min 5.5 mi
Drive: 11 min 6.5 mi
Commuter Rail Distance
Commuter Rail Distance
Drive: 6 min 1.7 mi
Drive: 36 min 30.3 mi
Drive: 45 min 36.5 mi
Airports Distance
Airports Distance
Austin-Bergstrom International
Drive: 22 min 11.7 mi
Getting Around
Very Walkable
Walkability
80 / 100
Some Public Transit
Transit
50 / 100
Moderately Drivable
Drivability
70 / 100
Very Bikeable
Bikeability
80 / 100

Scores provided by

What do Walkability, Transit, Drivability, and Bikeability mean? Walkability measures the walking distance to day-to-day needs. Transit measures access to public transportation. Drivability measures congestion, parking availability, and access to major roads. Bikeability measures the suitability for cycling. How It Works
Busy
Soundscore
67 / 100

Traffic

Busy

Airport

Calm

Businesses

Active

Scores provided by

HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It Works
Points of Interest

Time and distance from 54 Rainey St Unit 1117.

Shopping Centers Distance
Shopping Centers Distance
Walk: 14 min 0.7 mi
Walk: 17 min 0.9 mi
Drive: 3 min 1.2 mi
54 Rainey St Unit 1117 has 3 shopping centers within 1.2 miles, which is about a 3-minute drive. 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 1117 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
Drive: 3 min 1.6 mi
Drive: 4 min 2.6 mi
Drive: 5 min 2.7 mi
54 Rainey St Unit 1117 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 minute drive.
Military Bases Distance
Military Bases Distance
Drive: 78 min 65.2 mi
Drive: 91 min 74.4 mi
Drive: 107 min 92.7 mi
54 Rainey St Unit 1117 has 3 military bases within 92.7 miles, the nearest is Randolph Air Force Base which is 65.2 miles away and a 78 minute drive.

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