54 Rainey St, Unit 1122

$5,275
Price
2
Beds
2,418 Sq. Ft.
$26 / Sq. Ft.
2,418
Sq. Ft.
$26
per Sq. Ft.

Description

Property Special! Experience unparalleled luxury in this stunning 2-bedroom, 2.5-bath condo, boasting panoramic views from three sides of the building that will simply take your breath away. Situated on the 11th floor, enjoy unbeatable views of the downtown skyline and Lady Bird Lake, placing you right in the heart of Austin’s vibrant offerings. The chef’s kitchen is a culinary dream, featuring beautifully appointed appliances, a designer layout, a dedicated wine fridge, and ample storage space....Property Special! Experience unparalleled luxury in this stunning 2-bedroom, 2.5-bath condo, boasting panoramic views from three sides of the building that will simply take your breath away. Situated on the 11th floor, enjoy unbeatable views of the downtown skyline and Lady Bird Lake, placing you right in the heart of Austin’s vibrant offerings. The chef’s kitchen is a culinary dream, featuring beautifully appointed appliances, a designer layout, a dedicated wine fridge, and ample storage space. The large, open entertaining area seamlessly extends to the balcony, providing a perfect spot to soak in the amazing views. Additionally, this condo includes a dedicated theater/media room—a rare find in downtown living! The spacious primary bedroom is a retreat in itself, offering a luxury walk-in closet complete with a custom-built wardrobe storage system. No expense has been spared in ensuring top-tier comfort and style. Beyond the condo’s exceptional features, the building itself offers world-class amenities such as a rooftop pool, a fully equipped gym, and many other exclusive features that set it apart.
  1. Listed by Derrick Gonzales • TREC #0505961 • Brokerage DRE #9004392 • Keyrenter Property Management
    P: (512)-694-6910 C: (512)-694-6910 Derrick@MrAustinRealty.com

Property Details for 54 Rainey Street, Unit 1122

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Public
View
City Lights, City, Lake, Panoramic, Water
View YN
Yes
Furnished
Unfurnished
Pets Allowed
BreedRestrictions, CatsOk, DogsOk, NumberLimit, SizeLimit
LISTING UPDATED: 12/30/2025 03:10 PM

Property Details for 54 Rainey Street, Unit 1122

StatusActive
MLS #4954259
Days on Market53
Rental Incentives-
Available Date11/11/2025
Lease Term12 Months
FurnishedUnfurnished
Compass TypeRental
MLS TypeResidential Lease / Condominium
Year Built2005
Lot Size0.01 AC / 609 SF
CountyTravis County

Location

Listing Courtesy of Keyrenter Property Management, Derrick Gonzales, TREC #0505961
Add your commute

Building Information for 54 Rainey Street, Unit 1122

Building/Complex54 Rainey StFloor-Stories1Residences1122Pet PolicyAllowedPet Policy DetailsBreedRestrictions,CatsOk,DogsOk,NumberLimit,SizeLimitYear Built2005Lot Size0.01 AC / 609 SF

Property Information for 54 Rainey Street, Unit 1122

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Side By Side, Storage
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, Multiple Living Areas, Multiple Primary Suites, Storage, Walk In Closets
  • Flooring: Tile, Wood
  • Appliances: Dryer, Dishwasher, ElectricCooktop, Microwave, Refrigerator, WineRefrigerator, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: LaundryCloset, InUnit
  • Restrictions: NoSmoking
Exterior
  • Exterior Features: Balcony
  • New Construction: No
  • Construction Materials: Masonry
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: See Remarks
  • Fencing: Gate
  • Direction Faces: West
  • Window Features: DoublePaneWindows, LowEmissivityWindows
  • Accessibility Features: None
  • Community Features: Barbecue, Bar Lounge, Bicycle Storage, Concierge, Fitness Center, Kitchen Facilities, Package Service, Pool, Rooftop Lounge, Storage Facilities, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Level
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Ceiling Fans
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Owner Pays: AssociationFees, Taxes
  • Tenant Pays: AllUtilities
Green Features
  • Green Energy Efficient: Appliances
  • Green Sustainability: OnsiteRecyclingCenter
Unit Information
Unit 1
  • Permission: IDX
Unit Information
  • Number Of Units Total: 1122
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Amenities: Concierge
  • Additional Parcels: No
Showing Information
Showing Information
  • Security Features: Secured Garage/Parking, Key Card Entry, Controlled Access
  • Directions: From Cesar Chavez, S on Red River, E on Driskill, S on Rainey. Milago is at the end of the street on the right. There is street parking in front, visitor parking in garage, or across the street in the public garage.

Property History for 54 Rainey Street, Unit 1122

DateEvent & SourcePriceAppreciationLink
Dec 2, 2025

Price Change

ACTRIS #4954259

$5,275
Nov 11, 2025

Listed (Active)

ACTRIS #4954259

$5,375
Sep 20, 2024

Rented

ACTRIS #7617219

$5,375
Sep 19, 2024

Pending

ACTRIS #7617219

Jul 3, 2024

Listed (Active)

ACTRIS #7617219

$5,800
Feb 13, 2023

Rented

ACTRIS #3547307

$5,750
Feb 8, 2023

Pending

ACTRIS #3547307

Oct 12, 2022

Listed (Active)

ACTRIS #3547307

$7,950
Nov 12, 2009

Withdrawn

ACTRIS #7649887

$5,500
Aug 9, 2009

Listed (Active)

ACTRIS #7649887

$5,500
DateEvent & SourcePrice
12/02/2025

Price Change

ACTRIS #4954259

$5,275
11/11/2025

Listed (Active)

ACTRIS #4954259

$5,375
09/20/2024

Rented

ACTRIS #7617219

$5,375
09/19/2024

Pending

ACTRIS #7617219

07/03/2024

Listed (Active)

ACTRIS #7617219

$5,800
02/13/2023

Rented

ACTRIS #3547307

$5,750
02/08/2023

Pending

ACTRIS #3547307

10/12/2022

Listed (Active)

ACTRIS #3547307

$7,950
11/12/2009

Withdrawn

ACTRIS #7649887

$5,500
08/09/2009

Listed (Active)

ACTRIS #7649887

$5,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 54 Rainey Street, Unit 1122

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - 3
Rating
School
Distance
Mathews Elementary School
PublicPK to 6

O Henry Middle School
Public6 to 8

Austin High School
Public9 to 12

Daep- El
Public3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

54 Rainey Street, Unit 1122 is available for rent in Austin, TX 78701. This property was listed on November 11, 2025 by Keyrenter Property Management, it's currently listed at $5,275. It has been on the market for a total of 53 days and was last rented on September 20, 2024. This listing's school district is Austin Independent School District. Nearby schools include Mathews Elementary School, O Henry Middle School and Austin High School. 54 Rainey Street, Unit 1122 is a 2-bed, 3-bath, 2,418 sqft a property built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the owner. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keyrenter Property Management, Derrick Gonzales, TREC #0505961

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.