54 Rainey St, Unit 518

1,164 Sq. Ft.
$41 / Sq. Ft.
1,164
Sq. Ft.
$41
per Sq. Ft.

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...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.
  1. Listed by Michael Garcia • TREC #0734903 • Metro 512 Realty
    P: (512)-921-8640 C: (512)-921-8640 migarcia.metrore@gmail.com

Property Details for 54 Rainey Street, Unit 518

Subdivision Name
Milago Condo Amd
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Public
View
City
View YN
Yes
Pets Allowed
BreedRestrictions, CatsOk, DogsOk, SizeLimit
Parcel Number
02030312660000
LISTING UPDATED: 01/22/2026 03:44 PM

Property Details for 54 Rainey Street, Unit 518

StatusActive
MLS #6804395
Days on Market12
Rental Incentives-
Available Date03/01/2026
Lease TermLease Length: Negotiable
Furnished-
Compass TypeRental
MLS TypeResidential Lease / Condominium
Year Built2006
Lot Size0.01 AC / 304 SF
CountyTravis County

Location

Listing Courtesy of Metro 512 Realty, Michael Garcia, TREC #0734903
Add your commute

Building Information for 54 Rainey Street, Unit 518

Building/Complex54 Rainey StFloor-Stories1Residences75Pet PolicyAllowedPet Policy DetailsBreedRestrictions,CatsOk,DogsOk,SizeLimitYear Built2006Lot Size0.01 AC / 304 SF

Property Information for 54 Rainey Street, Unit 518

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Assigned, Garage, Guest
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Track Lighting, Walk In Closets
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, ExhaustFan, FreeStandingRange, Disposal, Microwave, Oven, StainlessSteelAppliances, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Fireplace Features: None
  • Laundry Features: LaundryCloset
  • Restrictions: NoSmoking
Exterior
  • Exterior Features: Balcony, See Remarks
  • Construction Materials: Masonry, Stone Veneer
  • Foundation Details: Slab
  • Patio And Porch Features: None, Balcony
  • Water Body Name: Lady Bird Lake
  • Roof: See Remarks
  • Fencing: None
  • Direction Faces: Northeast
  • Window Features: Screens
  • Accessibility Features: Common Area
  • Community Features: Concierge, Common Grounds/Area, Clubhouse, Community Mailbox, Conference/Meeting Room, Fitness Center, Gated, Kitchen Facilities, Lake, Pet Amenities, Park, Property Manager On-Site, Pool, Planned Social Activities, Storage Facilities, Trails Paths
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Trees Large Size, Trees Medium Size, Trees Small Size
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Owner Pays: AssociationFees
  • Tenant Pays: AllUtilities
Unit Information
Unit 1
  • Permission: IDX
Unit Information
  • Number Of Units Total: 75
Financial Information
Taxes and HOA Information
  • Association: Yes
  • Association Amenities: Concierge
Showing Information
Showing Information
  • Security Features: Building Security
  • 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.

Property History for 54 Rainey Street, Unit 518

DateEvent & SourcePriceAppreciationLink
Jan 14, 2026

Listed (Active)

ACTRIS #6804395

$3,995
Feb 10, 2025

Rented

ACTRIS #8646430

$3,100
Feb 3, 2025

Pending

ACTRIS #8646430

Jan 13, 2025

Price Change

ACTRIS #8646430

$3,095
Jan 7, 2025

Listed (Active)

ACTRIS #8646430

$2,995
Jul 14, 2023

Rented

ACTRIS #8811438

$3,300
Jun 26, 2023

Pending

ACTRIS #8811438

Jun 21, 2023

Listed (Active)

ACTRIS #8811438

$3,300
Nov 12, 2022

Rented

ACTRIS #4428439

$3,445
Nov 12, 2022

Pending

ACTRIS #4428439

Nov 11, 2022

Rented

ACTRIS #4428439

$3,445
Nov 11, 2022

Pending

ACTRIS #4428439

$3,445
Oct 25, 2022

Listed (Active)

ACTRIS #4428439

$3,450
May 1, 2012

Rented

ACTRIS #8128761

$2,200
Apr 18, 2012

Pending

ACTRIS #8128761

$2,200
Apr 2, 2012

Listed (Active)

ACTRIS #8128761

$2,200
Apr 29, 2011

Rented

ACTRIS #2720626

$2,100
Mar 28, 2011

Pending

ACTRIS #2720626

$2,099
Mar 16, 2011

Listed (Active)

ACTRIS #2720626

$2,099
Jul 12, 2009

Rented

ACTRIS #8241425

$1,600
Jun 3, 2009

Pending

ACTRIS #8241425

$1,600
May 12, 2009

Listed (Active)

ACTRIS #8241425

$1,600
Sep 1, 2007

Rented

ACTRIS #5172669

$2,300
Aug 31, 2007

Pending

ACTRIS #5172669

$2,300
Jul 27, 2007

Listed (Active)

ACTRIS #5172669

$2,300
Jan 25, 2007

Withdrawn

ACTRIS #6170956

$2,500
Oct 13, 2006

Listed (Active)

ACTRIS #6170956

$2,500
DateEvent & SourcePrice
01/14/2026

Listed (Active)

ACTRIS #6804395

$3,995
02/10/2025

Rented

ACTRIS #8646430

$3,100
02/03/2025

Pending

ACTRIS #8646430

01/13/2025

Price Change

ACTRIS #8646430

$3,095
01/07/2025

Listed (Active)

ACTRIS #8646430

$2,995
07/14/2023

Rented

ACTRIS #8811438

$3,300
06/26/2023

Pending

ACTRIS #8811438

06/21/2023

Listed (Active)

ACTRIS #8811438

$3,300
11/12/2022

Rented

ACTRIS #4428439

$3,445
11/12/2022

Pending

ACTRIS #4428439

11/11/2022

Rented

ACTRIS #4428439

$3,445
11/11/2022

Pending

ACTRIS #4428439

$3,445
10/25/2022

Listed (Active)

ACTRIS #4428439

$3,450
05/01/2012

Rented

ACTRIS #8128761

$2,200
04/18/2012

Pending

ACTRIS #8128761

$2,200
04/02/2012

Listed (Active)

ACTRIS #8128761

$2,200
04/29/2011

Rented

ACTRIS #2720626

$2,100
03/28/2011

Pending

ACTRIS #2720626

$2,099
03/16/2011

Listed (Active)

ACTRIS #2720626

$2,099
07/12/2009

Rented

ACTRIS #8241425

$1,600
06/03/2009

Pending

ACTRIS #8241425

$1,600
05/12/2009

Listed (Active)

ACTRIS #8241425

$1,600
09/01/2007

Rented

ACTRIS #5172669

$2,300
08/31/2007

Pending

ACTRIS #5172669

$2,300
07/27/2007

Listed (Active)

ACTRIS #5172669

$2,300
01/25/2007

Withdrawn

ACTRIS #6170956

$2,500
10/13/2006

Listed (Active)

ACTRIS #6170956

$2,500

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

Schools near 54 Rainey Street, Unit 518

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 518 is available for rent in Austin, TX 78701. This property was listed on January 14, 2026 by Metro 512 Realty, it's currently listed at $3,995. It has been on the market for a total of 12 days and was last rented on February 10, 2025. 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 518 is a 2-bed, 2-bath, 1,164 sqft a property built in 2006.

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 Metro 512 Realty, Michael Garcia, TREC #0734903

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.