54 Rainey Street #1117, Austin, TX 78701 - Photo 1

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$2,100 -$100 (-4.55%) Price Reduced

For Rent
Active
Condo
1 Bed
1 Full Bath
1 Car Garage
Updated 1 day ago

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Property Description

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.

Full Property Details

Full Property Details for 54 Rainey St #1117

General

Rent: $2,100
Status: Active
Type: Condo
Source: Austin_MLS
MLS ID: 7187953
Updated: 6/6/2026
Added to Site: 24 day(s) ago

Rental Information

Lease/Rent Term: 12 Months

Interior

Interior Features: Main Level Primary, Study
Fireplace(s): None
Appliances: Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator
Furnishings: Unfurnished
Flooring: Carpet, Tile, Wood

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 1
Bedrooms Main: 1

Other Rooms

Laundry: Laundry Closet, See Remarks

Additional Information

Shared Amenities: Concierge
Pool: Yes
Private Pool: Yes
Pool Description: Outdoor Pool, See Remarks
Spa Description: None
Security/Safety: None

Exterior

Exterior Features: None

Parking

Garage: Yes
Garage Spaces: 1
Covered Spaces: 1
Total Spaces: 1
Parking Features: None, Covered

Location

Area: DT
County: Travis
Subdivision: Milago Condominiums
Driving Directions: Corner of 5th and Rainey
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

Community

Association: Yes

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Central

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Available

Structural Information

Detached/Attached: Detached
Construction: Brick Veneer, Frame
Roof: Composition
Stories/Levels: 1
Square Feet: 865
Sq. Ft. Source: Public Records
Living Area: 865 Sq. Ft.
Year Built: 2005

Lot Features

Property View: City, Lake, River
Lot Features: None
Fencing (Description): None

Water Features

Water View: Yes

Financial Considerations

For Sale/Rent/Lease: Lease
Security Deposit: $2,200
Pet Deposit: $500
Owner Pays: See Remarks
Tenant Pays: All Utilities, See Remarks

Disclosures and Reports

Legal Description: Unt 1117 milago Condominiums Amended Plus 0.328% int in com area
Disclosures/Reports: None, Renters Insurance Required
Property ID: 2030314020000

Listed by Waterloo Realty, LLC

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Listing agent

— 54 Rainey St #1117 —

Waterloo Realty, LLC

512-461-2396

Schools

Schools serving 54 Rainey St #1117

School District:Austin Independent School District

Name	Grades	Distance
Mathews Elementary School 906 West Lynn Street, Austin, TX 78703	PK-6	1.9 mi
O Henry Middle School 2610 West 10th Street, Austin, TX 78703	6-8	2.8 mi
Austin High School, Austin, TX 1715 West Cesar Chavez Street, Austin, TX 78703	9-12	2 mi

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

Price History for 54 Rainey St #1117 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/06/2026

Price Reduced

$2,100

-4.55%

MLS

5/14/2026

Listed

$2,200

—

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 #1117, Austin, TX 78701 (MLS# 7187953) is a Condo property with 1 bedroom and 1 full bathroom. 54 Rainey Street #1117 is currently listed for rent at $2,100 and was received on May 14, 2026. Want to learn more about 54 Rainey Street #1117? 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 #1117 Austin, TX 78701