It was formed in 1812 during the creation of the "clos Dumenge" composed of buildings or workshops specially-designed for weavers (the canuts).

[4] The street was eventually named Rue d'Austrelitz after deliberation of the Municipal Council on 4 August 1854, during the Second Empire.

[6] In fact, there were five streets which were named after the victories of the battles of Napoleon Bonaparte: Marengo, Lodi, Jena, Eylau and Austerlitz.

After the Rue de Belfast, there were buildings only on the eastern side : simple facades of 19th century canuts houses.

Within the scoop of the 2008 Fête des Lumières, there were also a Tic Tac Toe using the windows of inhabitants and a Giant Tetris to which passersby played with a carpet underfoot.