54 Rainey St #1018B, Austin, TX 78701
Property image
Property image
OFF MARKET
  • 3 Beds
  • 2.5 Baths
  • 1,956 sqft

54 Rainey St #1018B, Austin, TX 78701

Downtown

Home Highlights

Apartment
1,956 sqft
Attached Garage

Local Information

  • Map ViewExplore the area around 54 Rainey St #1018B.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Motivated Owner

Unit also available for sale. 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 2 bedrooms with 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.
54 Rainey St #1018B, Austin, TX 78701 is a 3 bedroom, 3 bathroom, 1,956 sqft apartment in Downtown. More recently, it was listed as a rental in November 2025 with an asking price of $6,500 per month. That rental listing was removed on January 23, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $6,607/month.

Home Details for 54 Rainey St #1018B

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 Year

Interior Features

Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Parking & Garage
Parking: Attached, On Site

Comparable Sales for 54 Rainey St #1018B

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
500 E Riverside Dr #264, Austin, TX
0.31
Apartment
-
09/30/25
3
2.5
1,501 sqft
603 Davis St #2011, Austin, TX
0.17
Apartment
-
07/01/26
2
2
1,219 sqft
603 Davis St #813, Austin, TX
0.23
Apartment
-
09/19/25
2
2
1,300 sqft
603 Davis St #703, Austin, TX
0.21
Apartment
-
12/08/25
2
2
1,176 sqft
84 East Ave #3806, Austin, TX
0.23
Apartment
-
04/01/26
2
2
1,224 sqft
610 Davis St #4807, Austin, TX
0.25
Apartment
-
10/21/25
2
2
1,196 sqft
1615 Holly St #1, Austin, TX
0.65
Apartment
-
07/14/26
3
2.5
1,902 sqft
200 Congress Ave #32SE, Austin, TX
0.58
Apartment
-
04/07/26
2
2.5
2,082 sqft
54 Rainey St #405, Austin, TX
0.00
Apartment
-
12/08/25
1
1
781 sqft
48 East Ave #1605, Austin, TX
0.07
Apartment
-
11/01/25
1
1
749 sqft
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in Downtown

Last updated Sep 2026
Trulia Rent Estimate$6,607/mo
Average rent
$3.2K
Available listings
141
View rental market trends in Austin, TX

Around this home

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 171 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 88 % Say there are sidewalks

  • 76 % Say it's walkable to restaurants

  • 74 % Say people would walk alone at night

  • 72 % Say streets are well-lit

  • 66 % Say it's walkable to grocery stores

  • 64 % Say there's holiday spirit

  • 58 % Say car is needed

  • 57 % Say parking is easy

  • 54 % Say they plan to stay for at least 5 years

  • 52 % Say it's quiet

  • 45 % Say neighbors are friendly

  • 43 % Say yards are well-kept

  • 39 % Say there are community events

  • 36 % Say kids play outside

  • 29 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Seneca Elizabeth
    "I just came to attend a concert. Will be leaving on Monday. Interesting architecture. And lots of different restaurants. Short freeway ride from the airport."
    0
    Flag
  • Katy Glazebrook
    "Several events, fairs, music venues, bars, and restaurants. Always a concert or free events going on. "
    0
    Flag
  • Trulia User
    "I work and live downtown, I pretty much walk everywhere. Everything I need is within a couple miles."
    0
    Flag
  • Shane H.
    "Non-existent. My office is less than a mile away. I can carpool or walk with no issues. Never worried about traffic or anything."
    4
    Flag
  • Shane H.
    "Generally less kids around. Mostly younger professionals working in and around downtown. Not the most kid friendly scene."
    2
    Flag
  • Alon Z.
    "Austin high school nearby, several elementary schools and ACC in the area. Also have the hike and bike trail and Texas rowing center along the trail"
    1
    Flag
  • Anthony M.
    "Real old Austin feel. Multiple bus routes. close to shopping, good bars and restaurants. farmers market being built nearby. "
    13
    Flag
  • Stephen M.
    "We live in the Seaholm area near the Trader Joe’s. There is a common area in this development with turf grass for kids to run around. "
    1
    Flag
  • Jeffrey G.
    "Not a lot of kids in the neighborhood. Mostly couples with dogs or very young kids. Changing area with amenities starting to arrive. "
    0
    Flag
  • Victor B.
    "Lots of homeless people and high crime rates are the norm around here. Friday and Saturday nights get crazy around here so be ready for that."
    0
    Flag
  • Micah
    "It’s in the perfect location for all types of food clubs parks and just in the hub perfect area to be accessible to anything you might want to do And being with you is breathtaking"
    4
    Flag
  • Analiciam92
    "I wouldn’t take my kids downtown Austin too much a lot of homeless people- some have outburst or get upset if you don’t give them what they ask for-or they get into it over jealousy- aside from all that there are a lot of bars don’t bring your kiddos at night especially anyways if u like fun party type downtown austin is for u "
    1
    Flag
  • Nicole M. M.
    "Walking distance to all the things Austin has to offer. Perfect for folks working downtown, single and young professionals. "
    12
    Flag
  • Melissa R.
    "I live in a suburban area in central (coastal) CA. Commute is 9.5 miles and it takes about 15 minutes by car or 45 minutes by bike."
    0
    Flag
  • Matty D.
    "6th street and congress street and all the theaters and restaurants and bars that are available. Derp. "
    0
    Flag
  • Eastgaboy
    "Amazing family friendly area! Our kids play with many of the kids in the neighborhood. Families hang out together and eat together. This is a great location for young families. There are many family events downtown like first Friday and many others every month."
    3
    Flag
  • Don
    "You can walk to everything. Whole Foods, Trader Joe’s, bars, restuarants, movie theaters, shops. The life style is hard to beat."
    3
    Flag
  • Don
    "Downtown. Walk to the Farmer’s Market, Whole Foods, Trader Joe’s, dozens of restaurants and movie theaters."
    1
    Flag
  • Joep v. L.
    "I sold my house in Austin and now lease short term downtown - the best place on earth. You can swim, row, bike, walk and go out for lunch dinner & drinks"
    2
    Flag
  • Joeadamsen
    "west downtown Austin is great. it feels like a neighborhood but you are only a block away from the city. "
    1
    Flag
  • Matt C.
    "Austin has one of the friendliest downtown areas for dog owners in the U.S. I've never seen so many places that are accommodating to animals, providing water, bowls, and even treats in some places."
    1
    Flag
  • Krishna K.
    "For dog owners like me, it's not advisable to live downtown. Not enough walking paths for pets."
    1
    Flag
  • Kay A.
    "While there are places to walk, it IS an urban area."
    0
    Flag
  • Anna D.
    "The apartments are small, but there are so many dog parks, dog stores, and parks. There's tons of green space where you can take your dog."
    0
    Flag
  • Heather M.
    "Many people living downtown have dogs, so there's always company when you're walking your pet. There are handy places for pets to board and be groomed within walking distance."
    1
    Flag
  • Tabitha E.
    "Busy and lively. There are lots of job opportunities here, so therefore lots of people to interact with."
    0
    Flag
  • Yuxi L.
    "Downtown Austin is a mix of small-town feel with big-town attractions. We love our local establishments. It's easy to walk around, with green spaces scattered all over. And local bands play every week. We have new buildings constantly going up and festivals happening all year round. The downtown scene is changing dramatically, bringing in new concepts next to old standbys."
    0
    Flag
  • Heather M.
    "Everything I need is within walking distance, and there's plenty to do."
    0
    Flag
  • Anna D.
    "It is very walkable—urban mixed with nature. It is very convenient to get in and out of."
    0
    Flag
  • John B.
    "New and trendy restaurants and bars are everywhere. The hike and bike trail along the lake is great. Plenty of things to do, no matter what mood you're in."
    0
    Flag
  • Amy C.
    "Downtown is where everything happens. It's a nice balance of culture, music, and business—as well as government. The University of Texas is also just north of downtown, so that adds another dimension to this area."
    0
    Flag
  • Matt C.
    "Downtown is busy and getting busier as more and more companies move here. Downtown does have good access to get north, south, east, and west. Traffic is pretty normal for a big city with 1 million + people. I moved here from California, and Austin is still better than that (SF area, LA area, San Diego, etc.)."
    0
    Flag
  • John B.
    "Easy if you are going north on I-35 in the morning. Coming into downtown at 5 pm, forget about it, not happening."
    0
    Flag
  • Heather M.
    "Traffic can be bad, but I work only about 25 blocks from my home so I have it easy."
    0
    Flag
  • Jordan H.
    "Very easy. As long as there isn't construction, everything is smooth."
    0
    Flag
  • Heather M.
    "There's plenty for kids to do, including lots of action at the new downtown library and the skate park."
    0
    Flag
  • Ben E.
    "It's more of an adult location than for children. "
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jan 23, 2026
Source: Zillow Rentals
ListingRemoved
$5,795
Jan 3, 2026
Source: Zillow Rentals
PriceChange
$5,795
Price decreased by 3%
Dec 4, 2025
Source: Zillow Rentals
PriceChange
$5,995
Price decreased by 8%
Nov 20, 2025
Source: Zillow Rentals
Listed For Rent
$6,500

Frequently asked questions about 54 Rainey St #1018B

  • Is Austin a buyer's or seller's market?
    Austin is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Austin?
    The median sale price in Austin is $586K. That is up $14.3K from the prior month.
  • What do residents say about the Downtown neighborhood?
    Residents describe the Downtown neighborhood in Austin, TX as dog-friendly, pedestrian-friendly, and walkable to restaurants. See recently sold homes in Downtown, Austin.
  • What are the closest schools to 54 Rainey St #1018B?
    The closest schools to 54 Rainey St #1018B in Austin, TX are Austin High School (rated 7/10), Mathews Elementary School (Pre-K, rated 10/10), O Henry Middle School (rated 6/10).
  • Does 54 Rainey St #1018B have laundry facilities?
    Yes, 54 Rainey St #1018B in Austin, TX has in-unit laundry.
  • Does 54 Rainey St #1018B have parking?
    Yes, 54 Rainey St #1018B in Austin, TX has on-site parking.

Homes for rent near 54 Rainey St #1018B

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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