$3,400 Monthly Rent
2 Beds
2 Baths
1,164 Sq Ft
292 Sq Ft Lot

Highlights

  • Fitness Center
  • Building Security
  • Gated Community
  • Mathews Elementary School Rated A
  • Rooftop Deck
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

Luxury Penthouse for rent in the coveted Milago. Welcome to the epitome of sophisticated urban living. This exquisite 2 bed/ 2 bath Penthouse condo offers high ceilings, plentiful closet space, 2 designated parkings spaces, and fabulous upgrades throughout. Nestled in the heart of Austin's vibrant Rainey Street district, this residence provides direct access to the beloved hike & bike trail, as well as being walking distance from local restaurants, bars and more! Milago amenities include rooftop pool & hot tub, gym, Westside terrace with stunning views of Lady Bird Lake, Wifi Lounge, and bike storage.

Listing Agent

Mary Morgan Baker

Gottesman Residential R.E. Brokerage Phone: (512) 451-2422 License #0733482 Listed on: 03/16/2026

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2005

Parking

  • 2 Car Garage
  • Community Parking Structure

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Tile Flooring

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Dryer
  • Washer

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Air
  • Natural Gas Connected

Additional Features

  • East Facing Home

Listing and Financial Details

  • Security Deposit $3,400
  • Tenant pays for all utilities
  • The owner pays for association fees
  • 12 Month Lease Term
  • $35 Application Fee
  • Assessor Parcel Number 02030314330000

Community Details

Overview

  • Property has a Home Owners Association
  • 240 Units
  • Milago Condo Amd Subdivision

Amenities

  • Rooftop Deck
  • Community Barbecue Grill
  • Courtyard
  • Community Mailbox

Recreation

Pet Policy

  • Pet Size Limit
  • Pet Deposit $1,000
  • Pet Amenities
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Building Security
  • Gated Community

Condo Details

Home Type

Condominium

Year Built

Built in 2005

Lot Details

292 Sq Ft Lot

Parking

2

Rental Info

  • Owner Pays: Association Fees
  • Tenant Pays: All Utilities
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Breed Restrictions
  • Available Date: 2026-04-01
  • App Deposit Payable To: Owner
  • App Fee Payable To: Online
  • Application Fee: 35
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Owner
  • Max Numof Pets: 1
  • Monthly Pet Rent: 0
  • Pet Deposit: 1000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 2005
  • Direction Faces: East
  • Directions: Start in Downtown Austin near Congress Ave or the Capitol area. Head south on Congress Avenue toward the river. Turn left onto Cesar Chavez Street (eastbound). Continue on Cesar Chavez for about 0.6 miles along the south edge of downtown. Turn right onto Red River Street. Take the first left onto Driskill Street. Turn right onto Rainey Street. Continue a short distance — 54 Rainey Street will be on your right.
  • Disclosures: None
  • Garage Spaces: 2
  • Lease Term: 12 Months
  • Levels: One
  • Living Area: 1164
  • Attribution Contact: (512) 451-2422
  • FEMA Flood Plain: No
  • Current Price Lot Size Squ: 11.65
  • Current Price By Living Ar: 2.92
  • "Current Price By Original ": 1.00
  • List Price Lot Size Square: 11.65
  • List Price By Living Area: 2.92
  • List Price By Original Lis: 1.00
  • Unit Style: High Rise (8-13 Stories)
  • Complex Name: Milago
  • Smoking Inside YN: 0
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling-High, Double Vanity, Kitchen Island, Open Floorplan, Primary Bedroom on Main, Walk-In Closet(s)
  • Flooring: Tile
  • Accessibility Features: None
  • Appliances: Built-In Range, Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Main Level Bedrooms: 2
  • Security Features: Building Security
  • Laundry Location: In Unit,Laundry Closet

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None
  • Private Pool: No
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Covered
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Cooling: Central Air

Association/Amenities

  • Association: Yes
  • Community Features: BBQ Pit/Grill, Clubhouse, Cluster Mailbox, Courtyard, Fitness Center, Garage Parking, Gated, Pet Amenities, Pool, Rooftop Lounge

Condo/Co-op/Association

  • Managed By: Owner

Schools

  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: None
  • Parcel Number: 02030314330000
  • Lot Size Acres: 0.0067
  • Lot Size Sq Ft: 291.85
  • Subdivision Name: Milago Condo Amd

Building Info

  • New Construction: No

Multi Family

  • Number Of Units Total: 240

Tax Info

  • Tax Filled Sqft Total: 1164

Map

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2026 03/16/26 For Rent $3,400 +3.0% --
02/14/2024 02/14/24 Rented $3,300 0.0% --
02/01/2024 02/01/24 Price Changed $3,300 -8.3% $3 / Sq Ft
09/14/2023 09/14/23 Price Changed $3,600 -13.8% $3 / Sq Ft
08/31/2023 08/31/23 For Rent $4,175 0.0% --
04/30/2019 04/30/19 Sold -- -- -- View Prior Sale
04/14/2019 04/14/19 Pending -- -- --
04/06/2019 04/06/19 For Sale $525,000 0.0% $451 / Sq Ft
04/05/2019 04/05/19 Pending -- -- --
01/04/2019 01/04/19 Price Changed $525,000 -1.9% $451 / Sq Ft
10/02/2018 10/02/18 Price Changed $535,000 -3.6% $460 / Sq Ft
09/01/2018 09/01/18 For Sale $555,000 +11.2% $477 / Sq Ft
03/31/2015 03/31/15 Sold -- -- -- View Prior Sale
03/04/2015 03/04/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $499,000 -- $429 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6227613

Unlock MLS (Austin Board of REALTORS®)

APN: 719762

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