Experience elevated downtown living in this stunning south-facing 2-bedroom, 2-bath residence at Milago, one of Austin's premier waterfront high-rises. Perched on the 12th floor, Unit 1201 is filled with natural light and showcases breathtaking views of Lady Bird Lake, two balconies, lush treetops, and the Austin skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept floor plan features wide-plank wood flooring, high ceilings, and spacious living and dining areas that flow seamlessly to a private covered balcony, perfect for enjoying morning coffee, spectacular sunsets, or watching paddleboarders and kayakers on the lake below. The sleek modern kitchen is appointed with contemporary cabinetry, quartz countertops, stainless steel appliances, and generous storage, making it ideal for everyday living and entertaining. The spacious primary suite offers oversized windows, ample closet space, and a beautifully finished en-suite bath. A well-appointed second bedroom and adjacent full bath provide flexibility for guests, a home office, or a roommate-friendly layout. This unit comes with a dedicated climate controlled storage space. Milago residents enjoy resort-style amenities including a rooftop pool and spa overlooking Lady Bird Lake, a fully equipped fitness center, resident clubroom, conference room, Wi-Fi lounge, 24-hour concierge, controlled access, secure parking, and direct access to the Ann and Roy Butler Hike-and-Bike Trail. Ideally located between the vibrant Rainey Street District and Downtown Austin, you'll be just steps from acclaimed restaurants, coffee shops, live music, parks, kayaking, paddle-boarding, and Austin's best entertainment. Offering luxury, convenience, and exceptional south-facing views, this residence is an outstanding opportunity to experience the very best of downtown waterfront living.
Condo for rent
$4,900/mo
Fees may apply
54 Rainey St, APT 1201, 54 Rainey St, Austin, TX 78701
2beds
1,289sqft
Price may not include required fees and charges. Learn more|
Condo
Available now
Central air, ceiling fan
In unit laundry
2 Parking spaces parking
What's special
Contemporary cabinetryPrivate covered balconyTwo balconiesHigh ceilingsOversized windowsLush treetopsFilled with natural light
- 8 days |
- -- |
- -- |
Zillow last checked:
Listing updated:
Travel times

Let’s turn your rent into credit progress
Build credit history with every on-time payment and get credit for the payment you’re already making.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Central Air, Ceiling Fan
Appliances
- Included: Dishwasher, Disposal, Dryer, Range, Washer
- Laundry: In Unit, Laundry Closet
Features
- 2 Primary Suites, Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Smart Thermostat, Soaking Tub, Storage, Walk-In Closet(s)
- Flooring: Tile, Wood
Interior area
- Total interior livable area: 1,289 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Covered
- Details: Contact manager
Features
- Stories: 1
- Exterior features: Contact manager
- Pool features: Contact manager
- Has spa: Yes
- Spa features: Hottub Spa
Details
- Parcel number: 719734
Construction
Type & style
- Home type: Condo
- Property subtype: Condo
Condition
- Year built: 2005
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Gated
HOA
- Amenities included: Fitness Center
Location
- Region: Austin
Financial & listing details
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for rent | $4,900$4/sqft |
Source: Unlock MLS #2708728 Report a problem | ||
| 5/10/2022 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 3/22/2022 | Pending sale | $945,000$733/sqft |
Source: | ||
| 3/16/2022 | Contingent | $945,000$733/sqft |
Source: | ||
| 3/3/2022 | Listed for sale | $945,000$733/sqft |
Source: | ||
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 10/10Mathews Elementary SchoolGrades: PK-6Distance: 2 mi
- 6/10O Henry Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Austin High SchoolGrades: 9-12Distance: 2 mi
There are 2 available units in this apartment building
Nearby cities
Nearby neighborhoods
Nearby zip codes
Nearby rental buildings
- Foxtail by Banyan
- Mosaic at Mueller
- DK Riata
- Bainbridge Apartments
- Residences at Rubi
- Bee Caves Vistas
- Trailhead
- Nexus at Goodnight Ranch
- Camden Cedar Hills
- Camden Amber Oaks
- Oakville Apartments
- The Prescott
- Foxwood
- Cedar Heights
- The Zenith
- Chateau Avalon of Austin
- Citizen House Decker
- The Amber
- The Janis
- Citizen House East Lake







