54 Rainey St #511, Austin, TX 78701
Property image
Property image
OFF MARKET

$337,600

Trulia Estimate
  • 1 Bed
  • 1 Bath
  • 756 sqft

54 Rainey St #511, Austin, TX 78701

Downtown
Est. Refi. Payment $2,223/mo*
Refinance Your Home

Home Value

Trulia Estimate
$338K
Since last month
Decreased$600 (-0.2%)
Since last year
Decreased$13K (-3.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -6% in the last 10 years
MonthEstimated value
2026
August 2026$338K
August 2026$337K
July 2026$338K
June 2026$345K
May 2026$344K
April 2026$343K
March 2026$349K
February 2026$343K
January 2026$338K
2025
2024
2023
2022
2020

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
603 Davis St #2007, Austin, TX
0.22
Apartment
-
07/31/26
1
1
879
48 East Ave #1605, Austin, TX
0.07
Apartment
-
11/01/25
1
1
749
507 Sabine St #1010, Austin, TX
0.62
Apartment
-
09/17/25
1
1
745
603 Davis St #703, Austin, TX
0.21
Apartment
-
12/08/25
2
2
1,176
603 Davis St #813, Austin, TX
0.23
Apartment
-
09/19/25
2
2
1,300
301 West Ave #1603, Austin, TX
1.00
Apartment
-
03/16/26
1
1
679
54 Rainey St #405, Austin, TX
0.00
Apartment
-
12/08/25
1
1
781
1205 Alta Vista Ave, Austin, TX
0.54
Apartment
-
09/12/25
2
1
800
555 E 5th St, Austin, TX
0.59
Apartment
-
03/22/26
1
2
982
501 West Ave #802, Austin, TX
1.08
Apartment
-
05/21/26
1
1
846
Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
54 Rainey St #502, Austin, TX 78701
0.01
$849,500
3
2
1,557
For Sale
54 Rainey St #811, Austin, TX 78701
0.00
$349,000
1
1
756
For Sale
54 Rainey St #609, Austin, TX 78701
0.01
$480,000
2
2
1,164
For Sale
54 Rainey St #415, Austin, TX 78701
0.02
$359,000
1
1
756
For Sale
48 East Ave #1711, Austin, TX 78701
0.05
$765,000
2
1.5
1,036
For Sale
48 East Ave #2211, Austin, TX 78701
0.06
$930,000
2
1.5
1,036
For Sale
48 East Ave #2911, Austin, TX 78701
0.06
$949,900
2
1.5
1,036
For Sale
48 East Ave #2405, Austin, TX 78701
0.06
$535,000
1
1
706
For Sale
48 East Ave #2311, Austin, TX 78701
0.06
$930,000
2
1.5
1,036
For Sale
48 East Ave #2108, Austin, TX 78701
0.06
$675,000
1
1
803
For Sale
48 East Ave #1310, Austin, TX 78701
0.06
$1,049,000
2
2
1,277
For Sale
48 East Ave #2005, Austin, TX 78701
0.06
$483,999
1
1
706
For Sale

Local Information

  • Map ViewExplore the area around 54 Rainey St #511.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Apartment
Built in 2005
756 sqft
$447/sqft
Garage

About this House

Waterfront living in the heart of lively Rainey Street District. Building amenities include 24-hour concierge, rooftop pool deck with downtown views & fitness center. Unit 511: Cozy 1 bedroom with custom closet and private balcony. One reserved parking spot in gated garage.
Convenient location with direct access to Lady Bird Lake hike-n-bike trail and across the street from Royal Blue Grocery. Walk to favorite neighborhoods spots: Salvation Pizza, Emmer & Rye, Banger's, Lustre Pearl, Clive. Approximately 0.1 mile to I-35; ~0.5 mile to Convention Center; ~2 miles to UT Dell Med & UT Campus; ~15 minutes to Airport.

Owner pays for HOA dues & property tax
54 Rainey St #511, Austin, TX 78701 is a 1 bedroom, 1 bathroom, 756 sqft apartment in Downtown, built in 2005. More recently, it was listed as a rental in September 2022 with an asking price of $2,250 per month. That rental listing was removed on October 15, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $337,600, with a rent estimate of $2,480/month.

Home Details for 54 Rainey St #511

Interior Features

Heating & Cooling
Heating: Forced Air, ElectricHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood
Interior Details
Types of Rooms: Walk In Closet, Dining Room, Master Bath
Appliances & Utilities
DryerWasher

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Apartment

Exterior Features

Pool
Pool
Parking & Garage
GarageParking Space: 1Parking: Garage Detached

Lot Information

Lot Area: 191 sqft

Building

Community rooms
Fitness Center

Price and Tax history

DateEventPrice
Oct 15, 2022
Source: Zillow Rental Manager
ListingRemoved
Sep 14, 2022
Source: Zillow Rental Manager
Listed For Rent
$2,250
Jun 9, 2021
Source: Zillow Rental Manager
ListingRemoved
Jun 5, 2021
Source: Zillow Rental Manager
Listed For Rent
$1,900
May 6, 2018
Source: Agent Provided
ListingRemoved
$1,700

Market trends in Austin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$586K
$14.3KMoM
Sale-to-List Price
97.9%
Price per sq ft
$306
$4MoM
Available listings
5514
156MoM

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

Frequently asked questions about 54 Rainey St #511

  • What is 54 Rainey St #511 estimated to be worth?
    Trulia's estimated value for 54 Rainey St #511 in Austin, TX is $337,600.
  • 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.
  • Does 54 Rainey St #511 have a pool?
    Yes, 54 Rainey St #511 in Austin, TX has a pool.
  • Does 54 Rainey St #511 have laundry facilities?
    Yes, 54 Rainey St #511 in Austin, TX has in-unit laundry.

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