Rainbow Street Public School is located in Rainbow Street adjacent to Paine Reserve. The school opened in 1923.
During 2018 and 2019, the school underwent a major capital works program which included:
- 35 new teaching spaces
- five refurbished teaching spaces
- four special purpose spaces
- refurbishment of the heritage main block to include new staff and administration areas and teaching spaces
- a new library block
- an upgrade of the current hall