Choosing a downtown Austin apartment isn’t always simple. With so many luxury buildings rising across the skyline, how do you decide which one is the best fit for your lifestyle? Is it the neighborhood rhythm, the amenities, the finishes behind the front door?
At Paseo, we’ve helped countless renters navigate these decisions and we know Hanover Republic Square is often included alongside the decision process. To help you compare confidently, this guide breaks down both communities including location, amenities, floor plans and pricing, so you can find the space that matches your pace.
Read Next: Hanover Republic Square: Luxury Downtown Austin Apartment Review
Comparing Downtown Austin Apartments: Paseo v. Hanover Republic Square
| Property | Paseo | Hanover Republic Square |
| Address | 80 Rainey St, Austin, TX 78701 | 303 W 5th St, Austin, TX 78701 |
| Year Built | 2025 | 2021 |
| Number of Stories | 48 | 44 |
Location: Paseo vs. Hanover Republic Square
Paseo
Steps from the Ann & Roy Butler Hike-and-Bike Trail, Paseo sits in the heart of the Rainey Street Historic District. The neighborhood blends bungalow-bar charm with new additions like Waterline and 1 Hotel, bringing more places to explore, sip and linger. Rainey moves at its own rhythm, giving you mornings by the lake, midday coffee runs and glowing nightlife just outside your door.
Read Next: Which Downtown Austin Neighborhood Is Right for You?
Hanover Republic Square
Situated at 5th and Lavaca, Hanover Republic Square places you in the center of downtown. You’re near high-rise offices, nighttime lounges like Group Therapy and Roosevelt Room and Austin favorites such as Wu Chow and Franklin Barbecue. Zilker Park and Lady Bird Lake are nearby, making it easy to balance downtown energy with outdoor space.
Read Next: Best 16 Cocktail Bars in Downtown Austin
Amenities: Paseo vs. Hanover Republic Square
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.
| Paseo | Hanover Republic Square | |
| Rooftop Pool | X | X |
| Sky-High Pool | X | |
| Rooftop Hot Tub | X | |
| Fitness Center | X | X |
| Yoga Studio | X | X |
| Pilates Reformers | X | |
| Coworking with Private Conference Rooms | X | X |
| Clubhouse/Lounge | X | X |
| Outdoor Grilling Area | X | X |
| Sauna | X | |
| Cold Plunge | X | |
| On-Site Coffee Shop | X | |
| Parking | X | X |
| EV Charging Ports | X | X |
| Bike Storage | X | X |
| Lady Bird Lake Views | X | X |
For more information on amenities, visit the amenities pages for Paseo and Hanover Republic Square.
Pricing and Floor Plans: Paseo vs. Hanover Republic Square
Paseo
Paseo offers studio, one-bedroom, two-bedroom and three-bedroom floor plans, as well as four unique penthouses. At the time of publication in December 2025, pricing ranges from $2,200s to over $10,000 per month depending on the floor plan type and availability. Prices are subject to change. You can find current pricing on our floor plan page.
Paseo’s signature kitchens feature elevated finishes and fixtures including white oak look cabinets, black hardware, grey matte countertops and zellige-inspired backsplash. Elevated kitchen 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 gas stove top, microwave and dishwasher.
Hanover Republic Square
Hanover Republic Square offers studio, one-bedroom, two-bedroom and three-bedroom residences. As of December 2025, rental rates range from the $2,100s to over $21,000 per month, depending on unit size, layout and interior collection. Pricing is subject to change. Current rates and availability can be found on Hanover Republic Square’s floor plan page.
Apartment features include floor-to-ceiling windows with heat and glare reducing solar shades, chef-inspired kitchens with custom Italian cabinetry and quartz and granite countertops with stainless steel appliances. Energy-efficient lighting is also integrated throughout. Select units offer built-in desks or bookshelves and spa-style bathrooms with frameless glass showers.
We hope this comparison helps you understand how Paseo and Hanover Republic Square differ in location, amenities, finishes and overall lifestyle. Both are standout options in downtown Austin and your choice ultimately comes down to what matters most in your daily rhythm.
If you have questions about Paseo or want help deciding which property is best for you, contact our team. We’re here to help you find your rhythm in the city.
Nirosha Perera
Nirosha is the general manager at Paseo, with eight years of experience in property management. She spent 24 years living in Dubai before moving to the U.S. When she’s not at work, you’ll find her kicking off the day at the gym, exploring new restaurants, or playing fetch with her cat, Shadow.
December 15, 2025
Downtown Austin Apartment Reviews
