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Property Description
***Rare Furnished Unit!!!***Located within Austin's Rainey Street District, walking distance to Austin's Butler Hike trail, easy access to upscale dinning and entertainment, this beauty offers views of the most desirable city in America! Escape the busy city life in this Oasis located on the 5th floor at Milago. This spacious condo is a 2BED/2 BATH open floor plan for anyone looking to live in the heartbeat of Austin. Condo includes: 24 hour concierge service, 24 hour access to all amenities, stainless steel appliances, 2 reserved garage parking spots, and a private balcony.
Full Property Details
Full Property Details for 54 Rainey St #518
General
- Rent: $3,995
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 6804395
- Updated: 1/14/2026
- Added to Site: 4 day(s) ago
Rental Information
- Lease/Rent Term: Negotiable
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Track Lighting, Walk-In Closet(s)
- Fireplace(s): None
- Appliances: Dishwasher, Exhaust Fan, Free-Standing Range, Disposal, Microwave, Oven, Stainless Steel Appliance(s), Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: Concierge
- Shared Pool: Yes
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Pool/Spa Combo, Community
- Spa Description: None
- Security/Safety: Building Security
Exterior
- Exterior Features: Balcony, See Remarks
- Porch/Patio/Deck: None, 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: From IH-35 Exit Cesar Chavez, West on Cesar Chavez, L (South) on Red River, L (East) on David, R (South) on Rainey St, Milago on R at Lady Bird Lake & Rainey.
- Direction Faces: Northeast
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
- Gated community: Yes
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Stone Veneer
- Roof: See Remarks
- Windows: Screens
- Stories/Levels: 1
- Square Feet: 1,164
- Sq. Ft. Source: Public Records
- Living Area: 1,164 Sq. Ft.
- Year Built: 2006
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: City
- Lot Size (Acres): 0.007
- Lot Size (Sq. Ft.): 304.92
- Lot Features: Trees Large Size, Trees Medium Size, Trees Small Size
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water Front Name: Lady Bird Lake
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: Lease
- Security Deposit: $3,995
- Pet Deposit: $150
- Owner Pays: Association Fees
- Tenant Pays: All Utilities
Disclosures and Reports
- Legal Description: Unt 518 Milago Condominiums Amended Plus .442 % Int In Com Area
- Disclosures/Reports: None, Renters Insurance Required
- Property ID: 2030312660000
Listed by Metro 512 Realty
Schools
Schools serving 54 Rainey St #518
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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price History for 54 Rainey St #518
Date
Details
Price
Change
Source
1/14/2026
Listed
$3,995
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
54 Rainey Street #518, Austin, TX 78701 (MLS# 6804395) is a Condo property with 2 bedrooms and 2 full bathrooms. 54 Rainey Street #518 is currently listed for rent at $3,995 and was received on January 14, 2026. Want to learn more about 54 Rainey Street #518? Do you have questions about finding other real estate for sale or rent in Central Austin? You can browse all Central Austin rentals or contact a Coldwell Banker agent to request more information.

