• Primary Photo - 54 Rainey St
  • Building Photo - 54 Rainey St
    Building Photo - 54 Rainey St
  • Building Photo - 54 Rainey St
    Building Photo - 54 Rainey St
$4,900 / Month

54 Rainey St Unit 1201

,

Austin, TX 78701

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512-689-9324

  • Bedrooms

    2

  • Bathrooms

    2

  • Square Feet

    1,289 sq ft

  • Available

    Available Now

Highlights

  • Concierge
  • Fitness Center
  • 24-Hour Security
  • Spa
  • Two Primary Bedrooms
  • Lake View
54 Rainey St Unit 1201
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About This Home

Available Now

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, 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. 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, paddleboarding, 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 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

Double Master Bedroom Soaking Tub Walk-In Closet 2 Main Level Bedrooms 2 Full Bathrooms

Flooring

Wood Tile

Home Security

Smart Thermostat Fire and Smoke Detector Fire Sprinkler System

Interior Spaces

Open Floorplan High Ceiling Recessed Lighting Storage 1-Story Property Ceiling Fan 1,289 Sq Ft Home

Kitchen

Quartz Countertops Free-Standing Electric Range Dishwasher Disposal

Laundry

Washer and Dryer

Listing and Financial Details

Security Deposit $4,900 12 Month Lease Term $40 Application Fee Assessor Parcel Number 02030314070000 Tenant pays for all utilities The owner pays for association fees

Lot Details

322 Sq Ft Lot South Facing Home

Outdoor Features

Balcony

Parking

Secured Garage or Parking Guest Parking Assigned Parking 2 Car Garage Reserved Parking

Pool

Spa

Schools

Mathews Elementary School O Henry Middle School Austin High School

Utilities

Central Air Private Water Source Private Sewer

Views

Lake Views

Community Details

Amenities

Concierge Clubhouse Business Center Meeting Room Sundeck Bike Room Common Area Community Mailbox

Overview

Community Lake Lock-and-Leave Community 240 Units Milago Condo Amd Subdivision

Pet Policy

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

Recreation

Fitness Center Community Pool

Security

24-Hour Security Card or Code Access

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 Sherene Mayner | Womack Real Estate 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.
Location Get Directions
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Edit Commute

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
  • Hardwood Floors
  • Tile Floors
  • Balcony
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 1201 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 1201. 54 Rainey St Unit 1201 is near Austin-Bergstrom International, located 11.7 miles or 22 minutes away.

Transit / Subway Distance
Transit / Subway Distance
Downtown Station
Walk: 10 min 0.6 mi
Plaza Saltillo Station
Drive: 3 min 1.2 mi
M L King Jr Station
Drive: 6 min 3.2 mi
Highland Station
Drive: 8 min 5.5 mi
Crestview Station
Drive: 11 min 6.5 mi
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
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 1201.

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 1201 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 1201 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 1201 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
Randolph Air Force Base
Drive: 78 min 65.2 mi
Fort Hood
Drive: 91 min 74.4 mi
Camp Bullis Military Training Reservation
Drive: 107 min 92.7 mi
54 Rainey St Unit 1201 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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