The Cheapest Way to Live on Rainey Street — But at What Cost? For Rent

  • $1745-$5246

SkyHouse Austin Apartments Review: Rainey Street’s Budget High-Rise, Unfiltered | Austin, TX


Every Rainey Street high-rise markets itself as the place to be. Most of them charge like it, too. SkyHouse Austin keeps showing up in a different conversation: “What’s the cheapest way to live on Rainey?” I’ve tracked pricing on this building for years. It consistently runs $500 to $1,000 per month less than 700 River or The Travis for the same size units, and undercuts Paseo by a couple hundred. As a licensed apartment locator (TX #679806) who’s toured 500+ Austin communities, I’ve learned that when numbers look that good, the follow-up question matters more than the price: what’s the catch?

It starts with a number: 2013.

That’s when this building went up. Elevator reliability. How well the building has held up against $3,000+ competitors built in 2023 and 2025. Those are the things that actually matter, and they’re what separate this review from every listing site showing you rooftop pool photos. Simpson Property Group recently renovated units with new flooring, quartz counters, and updated cabinets. But renovations don’t fix elevators.


Quick Facts: SkyHouse Austin at a Glance

Detail Info
Address 51 Rainey St, Austin, TX 78701
Year Built 2013 (units recently renovated)
Total Units 320 units, 23 stories
Management Simpson Property Group
Rent Range $1,745 – $5,246 (studios through 3BR)
Income Requirement 3x monthly rent
Pet Policy 2 pets max, 70 lbs combined weight, $25/month pet rent per pet
Current Special 1 month free on 12-month lease (some listing sites also show an additional $1,000 incentive; confirm with leasing office)
Application Fee $100 per person (you won’t get this back)
Admin Fee $250
Parking $50 – $175/month (surface, covered, garage)
Google Rating 3.8 stars (113 reviews)
Yelp 47 reviews
Birdeye (aggregate) 3.9 stars (296 reviews across platforms)
Walk Score 86

That 3.8 Google rating sits right in the middle of Rainey Street buildings. Not terrible, not great. I read through all 113 Google reviews, 47 Yelp reviews, and verified renter feedback on Birdeye, RentCafe, ApartmentRatings, ApartmentHomeLiving, and RentersVoice. That’s 296 reviews across platforms, with 80% of people on RentersVoice saying they’d recommend it. Twenty Google reviews mention concierge staff by name. Eleven mention elevator problems. I’ll break down both patterns below.


Best For / Skip If

This Property Makes Sense If…

You want a Rainey Street address without Rainey Street prices. Studios start at $1,745. One bedrooms start around $1,990. With the current 1 month free special, a studio drops to roughly $1,602/month net effective. That’s $500 to $1,000 less per month than 700 River or The Travis, and a couple hundred below Paseo. If your priority is location over finishes, the math works.

You work downtown and want to walk or bike to the office. Walk Score of 86. Lady Bird Lake trail access is right outside. Capital MetroRail’s Downtown Station is about half a mile away. If you’re commuting to a Congress Avenue office or working remotely from coffee shops on East 6th, this location is hard to beat without paying new construction prices.

You prioritize staff and service over building age. The concierge team here gets called out by name again and again. Angelica, Chris, Chance, Rob, Mark, David. That kind of consistent staff praise is rare in Austin apartment reviews. If responsive front desk service and package handling matter to you, this building delivers.

Skip If…

Elevator reliability is a dealbreaker for you. Eleven of 113 Google reviewers mention elevator problems. One resident said the freight elevator was broken for at least 2 months and caused 10 to 20 minute waits just to leave the building. Another said elevators were broken for over 7 months. In a 23-story building, this is a real quality of life issue, not a minor inconvenience.

You have two dogs or one dog over 70 pounds. The 70 lb weight limit is combined, not per pet. One 65 lb dog? Fine. Two 40 lb dogs? Over the limit. This is tighter than most Rainey Street buildings. Check our list of Austin apartments that accept large dogs if your pet exceeds this.

You hate dealing with strict lease notice requirements. The 60-day notice policy has caught people off guard. On a 6-month lease, that means you need to give notice before month 4 even starts. Miss the window and you’re automatically renewed or charged penalties.


Wondering if SkyHouse Austin fits your situation?

Fill out a quick form and I’ll reach out to go over your specifics: income, credit, pets, timeline. I can check whether you’ll likely qualify before you spend $100 on an application, and I’ll share any current specials that might not be listed online. You’ll hear from a real person (me), not an automated system.

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Location Deep Dive

What’s Actually Nearby

SkyHouse sits at the southern end of Rainey Street, closer to Lady Bird Lake than the bar district’s loudest stretch. That matters.

Within a 5-minute walk: the Ann and Roy Butler Hike and Bike Trail (direct access), Royal Blue Grocery (ground floor of the building), Emmer & Rye, Salvation Pizza, and the Rainey Street bar district. The trail access alone sets it apart. Residents can step out the door and be running, biking, or walking along the lake.

Within a 10-minute walk: Congress Avenue Bridge (bat watching in season), Whole Foods on 5th Street, and the East 6th entertainment district. You can reach Torchy’s Tacos on South 1st, multiple coffee shops, and the Convention Center.

You’ll need a car for: H-E-B (the nearest full-service location is about 1.5 miles), Target, and most medical offices. Royal Blue Grocery on the ground floor covers basics, but it’s a convenience store, not a grocery run.

The Commute Math

Destination Distance Off-Peak Rush Hour
Texas State Capitol 0.9 mi 5 min 8 min
UT Austin Campus 1.8 mi 8 min 15 min
Austin-Bergstrom Airport 8 mi 15 min 25-35 min
The Domain 11 mi 18 min 35-50 min
Apple Park (Parmer) 14 mi 22 min 40-55 min
Tesla Gigafactory 15 mi 20 min 30-40 min

Route notes: I-35 northbound backs up hard during evening rush. MoPac has variable toll lanes that can save 10 to 15 minutes but cost $3 to $8 depending on traffic. If you’re commuting north to The Domain or tech campuses on Parmer Lane, budget for 40+ minutes each way during peak hours.

The Real Neighborhood Vibe

This is Rainey Street. Thursday through Sunday, the bar district gets loud. SkyHouse sits at the south end, which is noticeably quieter than buildings fronting the main strip. But “quieter” is relative. If you’re noise sensitive, ask for a unit facing east (toward the lake) or south. The downtown Austin apartments page breaks down each sub-district if you want to compare Rainey to Seaholm, West 6th, or Congress.

Rainey is also a construction zone right now. Paseo delivered in 2025, The Travis and Bosque Residences are going up in 2026. Noise from nearby projects comes up in recent reviews. This is temporary, but “temporary” in Austin construction means 12 to 24 months. Our new construction pipeline guide covers what’s going up and when.


Pricing and True Cost

Floor Plans and Rent

SkyHouse offers studios, one bedrooms, two bedrooms, and three bedrooms with a lot of different layouts. Here are the key ranges:

Floor Plan Bed/Bath Sq Ft Range Base Rent Range Net Effective*
Studio 0/1 544 – 672 $1,745 – $2,691 $1,602 – $2,470
1 Bedroom 1/1 593 – 948 $1,990 – $3,356 $1,826 – $3,080
2 Bedroom 2/2 1,029 – 1,079 $2,550 – $4,436 $2,341 – $4,072
3 Bedroom 3/3 1,217 – 1,509 $3,435 – $5,246 $3,153 – $4,815

*With current 1 month free special on 12-month lease

Note: SkyHouse has both original units and recently renovated units. Renovated units (branded as “The Sol,” “The Luna,” “The Vista,” “The Stratus,” “The Aurora,” etc.) come with a stackable washer/dryer included, new quartz countertops, and updated cabinets. These run higher within the range. Original units have full-size washer/dryer connections (you provide the machines) and the original finishes.

Net Effective Rent: The Math

Current special: 1 month free on a 12-month lease.

Using the daily multiplier method (Austin market standard):

For a 1BR at $2,060 (11F1 floor plan, 655 sqft):

  • Lease days: 365
  • Free days: 30 (1 month)
  • Daily multiplier: (365 – 30) ÷ 365 = 0.9178
  • Net effective rent: $2,060 × 0.9178 = $1,891/month
  • Monthly savings: $169

For a Studio at $1,745 (01F1 floor plan, 544 sqft):

  • Net effective rent: $1,745 × 0.9178 = $1,602/month
  • Monthly savings: $143

A $1,602 net effective for a studio on Rainey Street? Hard to beat. Studios at 700 River start around $1,823 before any concession, and Paseo starts at $2,010.

All the Fees

Fee Amount Required?
Application fee $100 per person Yes
Admin fee $250 Yes
Resident services fee $45/month (trash, valet recycling, pest control) Yes
Security deposit $300 (studio/1BR), $400 (2BR), $500 (3BR); doubles with conditional approval Yes
Pet deposit $400 (1 pet) / $600 (2 pets) If you have pets
Pet non-refundable fee $400 If you have pets
Monthly pet rent $25 per pet If you have pets
Parking $50 – $175/month Optional but likely needed

That $45/month resident services fee doesn’t show up on the main listing page. It covers valet recycling pickup, trash, and pest control. Over a 12-month lease, that’s $540 that listing sites don’t include in the advertised rent. The $100 application fee is also higher than average. Most Austin properties charge $50 to $75. And the $250 admin fee? You won’t get that back either.

True Monthly Cost: What You’ll Actually Pay

Here’s a realistic scenario for a 1BR renter with one dog and covered parking:

  • Net effective rent (1BR, 655 sqft): $1,891
  • Resident services fee: $45
  • Covered parking: $100 (mid-range estimate)
  • Pet rent: $25
  • True monthly cost: $2,061

Move-in costs for this scenario:

  • First month’s rent: $2,060 (qualifying rent, not net effective)
  • Admin fee: $250
  • Application fee: $100
  • Security deposit: $300
  • Pet deposit: $400
  • Pet non-refundable fee: $400
  • Total move-in cost: $3,510

Remember: Simpson Property Group qualifies you on the base rent ($2,060), not the net effective. Your income needs to be 3x that base number.


Want to know what specials are actually available right now?

Specials change. What’s listed above was accurate when I pulled pricing, but I talk to leasing teams regularly and offers shift. Fill out the form below and I’ll check current availability, confirm what’s live, and let you know if anything better has come up.

Get Help Now →


Screening Criteria

Income Requirement

Simpson Property Group requires 3x monthly rent in gross income. Here’s what that means at different rent levels:

Unit Type Base Rent Monthly Income Needed (3x) Annual Salary Hourly Wage (40hrs)
Studio (544 sqft) $1,745 $5,235 $62,820 ~$30.20
1BR (655 sqft) $2,060 $6,180 $74,160 ~$35.65
2BR (1,029 sqft) $2,550 $7,650 $91,800 ~$44.13
3BR (1,509 sqft) $4,315 $12,945 $155,340 ~$74.68

Roommates can combine income to meet the 3x threshold. If you’re applying with a cosigner (Simpson calls them co-applicants), the co-applicant needs 5x monthly rent in income and clean references across all screening criteria.

Credit Expectations

Simpson uses SafeRent for credit screening. They don’t publish a hard credit score cutoff. Instead, SafeRent scores you on payment history, outstanding debt, account types, and account age. Based on that screening, you’ll get one of three results:

Accepted: Standard deposit and fees ($300 for a studio or 1BR, $400 for a 2BR, $500 for a 3BR). This typically means your credit profile is solid, think 650+.

Accepted with conditions: Double the deposit amount ($600 for a studio or 1BR, $800 for a 2BR, $1,000 for a 3BR). This usually means your credit has some dings but nothing disqualifying. Scores in the 580 to 649 range often land here.

Declined: Application rejected. If you’re below 550 or have recent collections, unpaid debts, or negative rental history, this is where you’ll land at most Simpson properties.

If you’re not sure where you fall, our second chance apartments guide breaks down credit tiers and which Austin properties work with each range.

What Gets You Denied

Let me be direct about what typically triggers denial at this property:

  • Active property debt (money owed to a previous landlord). This is an automatic decline at almost every Austin community.
  • Recent evictions showing on your rental history report.
  • Criminal convictions within 3 to 10 years, depending on the offense. Simpson reviews these individually, considering severity, number of convictions, timing, and rehabilitation. Violent crimes and sex offenses face the longest lookback.
  • Not enough income documentation, or income that can’t be verified.
  • Providing false information on the application.

The Application Process

  1. Apply online and pay the $100 application fee (you won’t get this back)
  2. Simpson runs SafeRent credit screening and background check
  3. You’ll get accepted, accepted with conditions, or declined
  4. If approved, sign the lease and pay move-in costs

Processing typically takes 2 to 5 business days. You’ll need two recent pay stubs, bank statements, or a signed offer letter on company letterhead for income verification.

Here’s what separates working with a locator from applying blind: I can tell you whether you’re likely to qualify before you spend $100 finding out. If SkyHouse’s screening looks tight for your situation, I know which nearby properties have more flexibility, and which ones will definitely turn you down.


Resident Reviews Decoded

Review Pattern Analysis

Theme Mentions Trend Sources
Concierge/front desk staff (positive) 20+ Consistently praised Google, Yelp, Birdeye
Elevator problems 11+ (Google alone) Steady/ongoing Google, RentCafe, ApartmentHomeLiving
Office staff rudeness or unresponsive 6+ Clustered in 2024–2025 Google
Location/walkability (positive) 15+ Consistent Google, Birdeye, RentCafe
Pet behavior and noise (negative) 3+ verified renters Recurring Birdeye (verified), ApartmentRatings
Guest/pool restrictions 3+ Steady RentCafe, RentersVoice
60-day notice issues 3-4 Recurring complaint Google
Visitor parking tickets 3 Steady Google

I read through 113 Google reviews, 47 Yelp reviews, and verified renter feedback on Birdeye, RentCafe, ApartmentRatings, and RentersVoice. Listing sites show you a 3.8 Google rating and call it a day. That number hides two very different stories happening in the same building.

What Residents Praise

The concierge team is the standout. Angelica, Chris, Chance, Rob, Mark, David, and Amy all get called out by name. Amy alone shows up in 8 Yelp reviews. One resident wrote that she’d lived in 7 apartments across Philadelphia, New York, and Austin, and SkyHouse was her favorite by far, specifically because of the staff. Another resident moved away for a year and came back. On RentersVoice, 80% of 263 renters recommend this building.

Loyalty like that to a 2013 building, when newer options exist on the same street, says a lot about how the front desk and maintenance team treat people. Maintenance turnaround is fast. One resident said she never waited longer than 24 hours for a fix.

People also like the renovated units. Updated finishes, exposed concrete ceilings, and the views from upper floors are the highlights.

What Residents Criticize

Elevators. That’s the single biggest issue. In a 23-story building with 320 units, elevator reliability isn’t optional. One Google reviewer reported waiting 10 to 20 minutes just to leave the building when the freight elevator was down. Another said elevators had been broken for over 7 months despite promises.

And it’s not just Google. On RentCafe, a resident said elevators stop working at least once a month and that people have gotten trapped inside. A long-term resident (4+ years) confirmed the freight elevator was down for months and that replacement parts were hard to source.

Pet behavior is a separate problem from the pet weight policy. A verified renter on Birdeye wrote that the pet situation was “so acute” that they wouldn’t recommend the building to anyone who doesn’t have or want pets. They suggested limiting pets to specific floors. Another verified renter flagged neighbor disruptions and said management took no action on repeated complaints.

Now, the leasing office is a different story. Five to six Google reviews mention the office not answering phones or staff being rude when reached. One resident called the property manager “rude and passive aggressive on multiple occasions.” Front desk team gets praised. Leasing office gets criticized. That split is real.

Guest restrictions also come up. The rooftop allows only 2 guests per resident, and the pool has rules that frustrated at least one RentCafe reviewer who was denied pool access despite being a resident. On RentersVoice, a resident called the security “heavy handed.”

How Management Responds

Simpson responds to every Google review. That’s better than most. But the responses lean heavily on templates. Negative reviews often get the same “We apologize for any negative experience” phrasing. A recurring pattern in the 1-star responses: “we don’t have your name in our resident database.” That could mean some negative reviews come from visitors or short-term residents, or it could mean the system isn’t tracking complaints well.


The Uncomfortable Truth

No listing site will write this section. I’m not trying to kill the deal. I just want you to know what you’re signing up for.

The Elevators Are a Known, Ongoing Problem

This isn’t a one-time thing. The same elevator problems keep showing up in reviews over a year-plus stretch.

In a 23-story building, this means carrying groceries up multiple flights, waiting 10+ minutes during peak hours, or being late because the one working elevator is stopping on every floor. Simpson acknowledged the issue in review responses, but the timeline to resolution has been slow. If you work on an upper floor and need to leave by a certain time each morning, factor this in.

The $45/Month Fee Nobody Tells You About Upfront

Every resident pays a $45/month “resident services fee” for valet recycling pickup, trash, and pest control. That’s $540 per year on top of your rent. This fee is buried in the cost calculator on Apartments.com and the fine print on ApartmentHomeLiving. It doesn’t show up in the headline rent on any listing site. When you’re comparing SkyHouse’s advertised rent to a competitor, add $45 to get the real number.

The 70-Pound Combined Weight Limit Is Sneaky

Most apartment pet policies list per-pet weight limits. SkyHouse’s 70 lb limit is combined. Two 40 lb dogs? You’re over the limit. One Golden Retriever? Probably fine alone, but you can’t add a second pet. This is tighter than it appears at first glance, and it shrinks your options if you’ve got more than one medium-sized dog.

The 60-Day Notice Requirement Catches People

SkyHouse offers leases starting at 4 months. That flexibility sounds great. But the 60-day notice requirement applies to all leases. On a 6-month lease, you need to give notice before month 4 starts. Miss that window and you’re looking at automatic renewal or penalties. Three separate Google reviewers were surprised by this policy. Read your lease. Circle the notice date on your calendar. Don’t assume a short lease means casual terms.


Ready to move forward, or want to look at alternatives?

You’ve seen the full picture now: the pricing, the screening, and the stuff nobody else will tell you. If SkyHouse still fits, I can help you get the best deal. If you’d rather look at similar Rainey Street options without the elevator headache, I know those too.

Get Help Now →


Frequently Asked Questions

Does SkyHouse Austin allow pets?

Yes. Up to 2 pets with a combined weight limit of 70 lbs. Pit bulls and pit bull mixes are restricted. Expect a $400 fee you won’t get back, plus $400 deposit for one pet ($600 deposit for two), plus $25/month pet rent per pet. Pets must be at least 6 months old.

What credit score do I need for SkyHouse Austin?

Simpson Property Group doesn’t publish a specific credit score minimum. They use SafeRent screening, which looks at your overall credit profile. Scores above 650 typically get standard approval. Scores in the 580 to 649 range may get approved with a higher deposit. Below 550, expect a decline.

What’s included in rent at SkyHouse Austin?

Rent covers your apartment and access to amenities (rooftop pool, fitness center, coworking space, concierge). On top of rent, there’s a mandatory $45/month resident services fee covering trash, valet recycling, and pest control. Utilities (electric, water, internet, cable) are not included and you’ll set those up separately.

How much is parking at SkyHouse Austin?

Parking ranges from $50 to $175/month depending on the type: surface lot, covered, garage, or reserved. Most residents will need parking since street parking on Rainey Street is extremely limited and metered.

Is SkyHouse Austin on Rainey Street noisy?

The building sits at the south end of Rainey, closer to Lady Bird Lake than the main bar strip. Units facing east or south are quieter. Rainey-facing units will hear weekend bar noise, especially Thursday through Saturday. Construction from nearby projects adds to the noise too.

What’s the lease term at SkyHouse Austin?

Minimum 4-month lease. The current 1 month free special requires a 12-month lease. All leases require a 60-day notice before expiration, regardless of lease length.

Does SkyHouse have in-unit laundry?

Original units have full-size washer/dryer connections (you provide machines). Renovated units (The Sol, The Luna, The Vista, etc.) come with a stackable washer/dryer included.

When was SkyHouse Austin built and renovated?

Built in 2013. Units are getting updated as leases turn over, with new luxury vinyl plank flooring, Calacatta Gold quartz countertops, updated cabinets, and custom closet shelving. Ask which specific units have been finished when you tour.


The Bottom Line: Is SkyHouse Austin Worth It?

SkyHouse delivers something you won’t find anywhere else on Rainey Street right now: a studio under $1,800 and one bedrooms starting under $2,000. That’s in a 23-story high-rise with lake trail access, a rooftop pool, and a concierge team that residents love. The 1 month free special drops net effective even lower. For the location alone, the math is competitive.

The trade-off is building age. SkyHouse is 13 years old on a street where 700 River (2023), Paseo (2025), and The Travis (2026) are drawing renters with brand new everything. The elevator issues showing up across a year of reviews are the most concrete consequence of that age. And the 70 lb combined pet weight limit is tighter than competing buildings.

This property makes sense if:

  • You want Rainey Street without paying $2,500+ for a one bedroom
  • You value staff quality and personal service over brand new finishes
  • You work downtown or remotely and will use the walkability daily
  • You’re okay living in a building that’s being renovated floor by floor

This property doesn’t make sense if:

  • Elevator reliability is non-negotiable (23 stories, repeated ongoing issues)
  • You have large dogs or multiple medium dogs exceeding 70 lbs combined
  • You’re comparing directly to new construction and expect the same fit and finish
  • You need a short lease but might forget the 60-day notice window

My verdict: SkyHouse is the value play on Rainey Street. The first-year math works, especially with the concession. Whether the trade-offs that come with a 13-year-old building work for you depends on what you care about most. If staff and location beat finishes and elevators, sign the lease. If not, I can point you toward other downtown options that trade higher rent for newer infrastructure.


Need Help?

You’ve got everything you need to size up SkyHouse Austin on your own. But if you want help:

Fill out the form above and I’ll text you to answer questions, check your application situation, share current specials, and coordinate next steps. You’ll talk to me directly, not an automated system. My service is free. The apartment community pays a referral fee from their marketing budget, and your rent is exactly the same whether you work with me or walk in off the street.

Going solo? Just tell them “Ross Quade from Austin Apartment Team” referred you on your tour and application. Text me at 512-360-0852 when you apply so I can make sure everything’s on track.

Price:
$1745-$5246
Address:
51 Rainey St
Austin, TX 78701
Terms:
For Rent
Property Type:
Apartment
Year Built:
2013

Call 512-320-4599 for more details

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