




$491,000
NAL Estimated Property Value54 Rainey ST 1103, Austin, TX, 78701
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About this property
Rare opportunity to lease the ever-popular 1 Bed + DEN floorplan at Milago on Rainey Street, one of the best managed buildings downtown. Enjoy a full suite of luxury building amenities, including: rooftop pool overlooking Lady Bird Lake, Downtown Austin, and the hill country; resident lounge and business/media room; grilling stations and outdoor entertaining areas along the third-floor garden terrace; 24-hr concierge; and waterfront gym. One of the only buildings downtown with direct access to the hike and bike trail along Lady Bird Lake. The bonus room provides exceptional versatility, easy to furnish as an office, guest bedroom, or flex space. Excellent natural light throughout and open design. Brand new LG washer / dryer installed and new water heater incoming. Highly walkable area only a few blocks or less from Royal Blue Grocer and well-reviewed restaurants. Lease includes one parking space in secured garage. Building charges one-time, non-refundable $300 move-in fee and immediately refundable $500 move-in deposit, pending no damages.
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Learn About the Market: Opportunity in Austin




Explore
Austin
Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.
From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.
Population Growth
~0.4%
Net Migration
Positive
Median Home Price
$555,300
Unemployment Rate
3.20%
Price Trend
~0.4% YoY growth
New Permits
2,269 units
City: Austin
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