54 Rainey Street #1018, Austin, TX 78701 - Photo 1

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$5,795

For Rent
Active
Condo
3 Beds
2 Full Baths
1 Partial Bath
2 Car Garage

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Property Description

Ideally situated on a high floor of the Milago, this expansive 1,956 SF corner residence offers unobstructed views of the Austin skyline and Lady Bird Lake. With a flexible layout featuring three bedrooms (or two with home office/study) this home is thoughtfully designed for both comfort and sophistication. The open-concept living and dining areas flow into the kitchen with generous counter space, stainless steel appliances, and a large pantry. The primary suite is a true retreat, complete with a walk-in closet, private balcony, and a spacious spa-like bath featuring a soaking tub, glass-enclosed shower, dual vanity, and great storage. The second bedroom includes its own en-suite bath, providing comfort and privacy for guests. Additional features include two reserved parking spaces and a private storage unit. Perhaps one of the best secrets in town, The Milago is located on the quiet end of Rainey Street with direct access to the Hike & Bike Trail while being steps away from restaurants, bars, and entertainment, offering a rare balance of lakeside calm and downtown connectivity. The building's full-service amenities include a 24-hour concierge, rooftop pool and spa, fitness center, business center, third-floor terrace with BBQ and seating, and secure bike storage. Also available for sale.

Full Property Details

Full Property Details for 54 Rainey St #1018

General

Rent: $5,795
Status: Active
Type: Condo
Source: Austin_MLS
MLS ID: 4971034
Updated: 1/3/2026
Added to Site: 79 day(s) ago

Rental Information

Lease/Rent Term: 12 Months

Interior

Interior Features: See Remarks
Appliances: Built-In Electric Range, Dishwasher
Flooring: See Remarks

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 3
Bedrooms Main: 3

Other Rooms

Laundry: In Unit

Additional Information

Shared Amenities: Concierge
Shared Pool: Yes
Pool: Yes
Pool Description: None, Community
Security/Safety: See Remarks

Exterior

Exterior Features: Balcony
Porch/Patio/Deck: Balcony

Parking

Garage: Yes
Garage Spaces: 2
Covered Spaces: 2
Total Spaces: 2
Parking Features: Assigned, Garage, Guest

Location

Area: DT
County: Travis
Subdivision: Milago Condo Amd
Driving Directions: Head south on Rainey Street. Milago is the last building on the right.
Direction Faces: Northwest

School Information

Elem School District: Austin ISD
Midd School District: Austin ISD
High School District: Austin ISD
Elementary School: Mathews
Middle School: O Henry
High School: Austin

Heating & Cooling

Cooling Type: See Remarks

Utilities

Sewer: See Remarks
Utility Description: See Remarks

Structural Information

Detached/Attached: Detached
Stories/Levels: 1
Square Feet: 1,956
Sq. Ft. Source: Public Records
Living Area: 1,956 Sq. Ft.
Year Built: 2005

Lot Features

Lot Size (Acres): 0.0113
Lot Size (Sq. Ft.): 492.23
Lot Features: See Remarks

Financial Considerations

For Sale/Rent/Lease: Lease
Security Deposit: $7,985
Pet Deposit: $500
Owner Pays: Association Fees
Tenant Pays: All Utilities

Disclosures and Reports

Legal Description: UNT 1018 MILAGO CONDOMINIUMS AMENDED PLUS .742 % INT IN COM AREA
Disclosures/Reports: None, Renters Insurance Required
Property ID: 2030313820000
Lot Number: 1018

Listed by Urbanspace

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Listing agent

— 54 Rainey St #1018 —

Urbanspace

(512) 457-8884

Schools

Schools serving 54 Rainey St #1018

School District:Austin Independent School District

Name	Grades	Distance
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703	PK-6	1.9 mi
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703	9-12	2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price History for 54 Rainey St #1018 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/03/2026

Price Reduced

$5,795

-3.34%

MLS

12/04/2025

Price Reduced

$5,995

-7.77%

MLS

11/19/2025

Price Reduced

$6,500

-13.33%

MLS

11/05/2025

Price Reduced

$7,500

-6.07%

MLS

10/30/2025

Listed

$7,985

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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54 Rainey Street #1018, Austin, TX 78701 (MLS# 4971034) is a Condo property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 54 Rainey Street #1018 is currently listed for rent at $5,795 and was received on October 30, 2025. Want to learn more about 54 Rainey Street #1018? Do you have questions about finding other real estate for sale or rent in Austin? You can browse all Austin rentals or contact a Coldwell Banker agent to request more information.

54 Rainey St #1018 Austin, TX 78701