Austin's high-rise core on Lady Bird Lake · ZIP 78701 · 33 condo communities
Downtown Austin packs the city's tallest residential towers, the Rainey Street and 2nd Street districts, and the Lady Bird Lake hike-and-bike trail into one walkable urban core.
It's the epicenter of condo living in Austin — most of the city's luxury high-rises, nightlife, dining, and waterfront sit within these few square miles.
Bounded by Lady Bird Lake to the south and the Capitol to the north, between I-35 and Lamar.
Across registered, direct-filed short-term rentals in Downtown (ZIP 78701), revenue runs $25k+ per unit per year, based on 25 filed units (InnKing — direct-filed HOT data from registered short-term-rental operators). As of 2026-06.
Seasonal demand index (mean month = 100; above 100 = busier than a typical month)
Most Austin condos restrict short-term rentals, so this is an area benchmark, not a guarantee for any specific building. Get a property-specific InnKing estimate →
High-rise condo towers in this area, with their Austin Standard score.
Most communities in Downtown are governed by an HOA, so review monthly dues, reserves, and rules before purchasing. Austin restricts short-term rentals in most condo buildings, so if Airbnb income matters, confirm a building’s zoning and HOA policy first. Pricing and availability change constantly — request current numbers and recent comparable sales before making an offer.