Paseo v. 700 River: Which Luxury Apartment in Downtown Austin is Right for Me?

Searching for the perfect downtown Austin apartment can feel overwhelming with so many options to consider. It’s important to choose a property that fits your lifestyle, offering the amenities, location and pricing you need.

At Paseo, we’re confident our community has everything you’re looking for in a downtown Austin home. However, we know how important it is to analyze all of your options with similar location and amenities. 

In order to help you narrow down your options and understand what each property has to offer, we’ve made a side-by-side comparison between Paseo and 700 River to evaluate the basics, location, amenities, pricing and floor plans.

Comparing Downtown Austin Apartments: Paseo v. 700 River

Location: Paseo vs. 700 River

Paseo 

Situated in the heart of Rainey Street, Paseo is just steps away from some of Austin’s most iconic bars, restaurants and attractions.

Residents can enjoy easy access to local favorites like Idle Hands, Banger’s Sausage House & Beer Garden and the scenic Ann and Roy Butler Hike-and-Bike Trail. Other Austin hot spots, including Two Hands, Geraldine’s and Zanzibar are just a short drive away.

Read Next: 8 Best Happy Hours in Downtown Austin

700 River

700 River sits at the corner of Rainey and River Streets, offering proximity to both the energy of downtown and the growing East Austin district.

While not located directly in the core of Rainey’s bar and restaurant scene, it offers a quieter setting within walking distance of Lady Bird Lake. Residents can explore neighborhood spots like Emmer & Rye and Red Ash.

Amenities: Paseo vs. 700 River

Both locations offer a wide range of amenities. To make the comparison process easier, we have created this chart of the amenities available at each location. 

For more information on amenities, visit the amenities pages for Paseo and 700 River. 

Pricing and Floor Plans: Paseo vs. 700 River

Paseo

Paseo has studio, one-bedroom, two-bedroom and three-bedroom floor plans, as well as four unique penthouses. At the time of publication in July 2025, pricing ranges from the $2,000s to more than $10,000 per month depending on floor plan type and availability. Prices are subject to change. You can find current pricing on our floor plan page.

Paseo’s standard kitchens feature elevated finishes and fixtures including white oak look cabinets, black hardware, grey matte countertops and zellige-inspired backsplash. Premium kitchens include elevated finishes and fixtures such as marble-look quartz countertops, matte white ribbed tile and walnut-look cabinets. Each space is equipped with stainless steel appliances, including a full-sized fridge, oven and stove top, microwave and dishwasher.  

700 River

700 River offers studio, one-bedroom, two-bedroom and three-bedroom apartments. At the time of publication in July 2025, rates at 700 River range from $3,015 to $16,151 per month, depending on unit type. All rates are subject to change. You can find current availability and pricing on 700 River’s floor plan page.

Inside, apartments include Italian cabinetry, solid slab stone finishes, gas ranges and stainless-steel appliances. Select apartments feature extras like under-counter wine fridges, double vanity sinks and private balconies. A built-in smart home package adds additional convenience with keyless entry and climate control.

We hope this article will give you insight on these downtown Austin properties and help you decide which is best for you. If you have any questions about Paseo or downtown Austin living, contact our leasing staff!

We’re here to help you find your perfect home.

Katie Stafford

Katie is a regular contributing author for Paseo, covering leasing tips and all things downtown Austin. In her free time, you'll find Katie baking, hiking, or planning her next trip.

July 1, 2025

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