2 bed, 2 bath, 1,128 sqft in Downtown Austin. Austin, TX 78701. $3,900. Austin ISD.
About This Home
Experience the epitome of luxury living with this exquisite 2-bedroom, 2-bathroom condominium available for lease at the prestigious 70 Rainey Residences. Revel in the allure of a fully-equipped kitchen boasting a gas range, built-in microwave, and refrigerator/freezer. Enjoy breathtaking panoramic views to the north and east from the living room, bedroom, and balcony. Immerse yourself in the opulence of wood floors throughout and lavish marble baths. Indulge in the full spectrum of amenities, including a 24/7 concierge service, an 11th-floor fitness center, a 10th-floor infinity pool deck with cabanas, a clubhouse and lounge, and a serene outdoor oasis green space. Elevate your lifestyle in this residence, where sophistication meets comfort in every detail.
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts.
The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake.
The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views.
Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance.
Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
School District: Austin ISD
View Downtown Austin neighborhood guide- Property Type
- Residential Lease
- Year Built
- 2019
- Garage
- 1 spaces
- Pool
- Yes
Listing information last updated October 13, 2026.
Listed by Austin Luxury Realty
MLS# 5651962 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling-High
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Wired for Sound
- Built-In Oven(s)
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Cooktop
- Microwave
- Refrigerator
- Self Cleaning Oven
- Tankless Water Heater
- Marble
- Wood
- Heating
- Electric
- Cooling
- Central Air
Exterior & Lot
- Sprinkler - Automatic
- Trees-Medium (20 Ft - 40 Ft)
- Trees-Small (Under 20 Ft)
- Covered
- Roof
- Flat Tile,Membrane
- Attached
- Garage
- Gated
- Reserved
- Garage Spaces
- 1
- Pool
- Yes
Financial
- Original List Price
- $3,900
- Price per Sq Ft
- $3
Utilities
- Electricity Available
- High Speed Internet
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 70 Rainey ST Unit #1607, whoever represented it.
- ActiveListed 2026Asking rent: $3,900/moOriginal asking rent: $3,900/moMLS 5651962
- Listed · October 13, 2026$3,900/mo
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $3,900
- Original list
- $3,900
- Price movement
- No verified reduction
- Listed / DOM
- Oct 13, 2026 · 10 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $976,262
- Assessment Year
- 2025
- Year Built
- 2018
- Parcel ID
- 000000890497
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.9% | — | $976,262 | — | — |
2024+33.3% | — | $1,266,516 | $77,918 | $984,499 |
2023+7.8% | — | $949,774 | $77,918 | $1,188,598 |
2022+33.6% | — | $880,750 | $77,918 | $871,856 |
2021 | — | $659,267 | $38,960 | $841,790 |
Zoned Schools
Austin
O Henry
Mathews
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($780)
Adjustable assumption - not a lending recommendation.
$3,900
Luxury property intelligence
Keenan Market Position
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,900
Price per sqft
$3/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
10 days
Original to current
No verified reduction
$3.9K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 18, 2026.
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