• 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
$2,300 / Month

54 Rainey St Unit 308

,

Austin, TX 78701

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54 Rainey St Unit 308
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Beds Baths Average SF
1 Bedroom 1 Bedroom 1 Br 1 Bath 1 Bath 1 Ba 919 SF

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

About This Property

One of the largest west facing one bedroom condos in the well regarded Milago building on the 3rd floor terrace level with very large private terrace. Access main terrace and grilling area right outside your gate. The building is situated adjacent to acclaimed Lady Bird Lake! Spacious floor plan with large living area and bedroom, great, functional kitchen with stainless steel appliances and granite countertops, full bathroom with shower/tub, washer and dryer, walk-in closet, coat closet, and covered, reserved parking spot Wood flooring throughout, window treatments, private balcony, WD. Walk-in closets, primary bathroom has a glass enclosed shower and separate tub. Full time front desk staff, robust fitness center (level 2), bike storage (level 1), club room for social gatherings as well as private events (level 3), lakeside reading room (level 1), rooftop pool, hot tub, and gas grills (level 2). Beautiful opportunity to live near the lake and hike and bike trail.

54 Rainey St is a condo located in Travis County and the 78701 ZIP Code. This area is served by the Austin Independent School District attendance zone.

Condo Features

Dishwasher

Hardwood Floors

Refrigerator

Disposal

  • Dishwasher
  • Disposal
  • Refrigerator
  • Hardwood Floors
  • Tile Floors
  • Pool

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
Location
54 Rainey St, Austin,
TX 78701
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| Edit
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 

Below are rent ranges for similar nearby apartments

Beds Average Size Lowest Typical Premium
Studio Studio Studio 545 Sq Ft $1,450 $2,319 $3,299
1 Bed 1 Bed 1 Bed 811 Sq Ft $955 $2,821 $5,753
2 Beds 2 Beds 2 Beds 1214 Sq Ft $1,500 $4,193 $18,000
3 Beds 3 Beds 3 Beds 2470 Sq Ft $6,500 $13,966 $26,363
4 Beds 4 Beds 4 Beds 2201 Sq Ft $4,400 — —
Amenities
  • Dishwasher
  • Disposal
  • Refrigerator
  • Hardwood Floors
  • Tile Floors
  • Pool
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 308 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.
Schools
Mathews Elementary School
Public Elementary School
Grades PK-5
345 Students
Attendance Zone
O Henry Middle
Public Middle School
Grades 6-8
754 Students
Attendance Zone
Austin High School
Public High School
Grades 9-12
2,317 Students
Attendance Zone
Headwaters School
Private Elementary, Middle & High School
Grades PK-12
501 Students
Nearby
Cathedral School Of St Mary
Private Elementary & Middle School
Grades PK-8
170 Students
Nearby
Austin City Academy
Private Elementary, Middle & High School
Grades K-12
Nearby
School data provided by The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology

Data provided by GreatSchools.org © 2026. All rights reserved.
Transportation

Transportation options available in Austin include Downtown Station, located 0.6 mile from 54 Rainey St Unit 308. 54 Rainey St Unit 308 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

Walkability Near 54 Rainey St Austin, TX 78701

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 308.

Shopping Centers Distance
Shopping Centers Distance
805 & 809 E 6th St
Walk: 14 min 0.7 mi
6th & Congress
Walk: 17 min 0.9 mi
Pecan Business Square
Drive: 3 min 1.2 mi
54 Rainey St Unit 308 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 308 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 308 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 308 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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