SkyHouse Austin
51 Rainey St,
Austin, TX 78701
$1,890 - $5,175
Studio - 3 Beds
Rainey Street
Austin, TX
Rainey Street - Austin, TX
Area Guide
Austin’s hidden gem on Lady Bird Lake
Historic
•
Riverside
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Vibrant
•
Convenient
•
Active
•
Laidback
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Located about one mile southeast of Downtown Austin, Rainey Street is a historic and entertainment district known for its charming bungalows that have been renovated as laidback bars. The neighborhood is brimming with a variety of personality-laden bars and diverse restaurants and food trucks along Rainey Street, the neighborhood’s self-titled avenue and main thoroughfare.
The Rainey Street District offers plenty of ways to enjoy the outdoors, with access to the Colorado River, Lady Bird Lake, the Ann and Roy Butler Hike and Bike Trail, and Waller Beach at Town Lake Metropolitan Park. Rainey Street is also just across the Congress Avenue Bridge from the Statesman Bat Observation Center. Close proximity to Downtown Austin and I-35 makes getting around from Rainey Street easy.
Rent Trends
As of January 2026, the average apartment rent in Rainey Street is $2,717 for a studio, $2,900 for one bedroom, $5,295 for two bedrooms, and $9,662 for three bedrooms. Apartment rent in Rainey Street has decreased by -2.7% in the past year.
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Studio
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635 sq ft
Average Sq Ft
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$2,717/month
Average Rent
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1 BR
-
771 sq ft
Average Sq Ft
-
$2,900/month
Average Rent
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2 BR
-
1,234 sq ft
Average Sq Ft
-
$5,295/month
Average Rent
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3 BR
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1,909 sq ft
Average Sq Ft
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$9,662/month
Average Rent
Transportation
89
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
62
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
94
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- Lady Bird Lake
- Blunn Creek Nature Preserve
- Umlauf Sculpture Garden and Museum
- Boggy Creek Greenbelt
- Zilker Botanical Garden
Commuter Rail
Military Bases
Airports
- Austin-Bergstrom International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.