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Updated 4 hours ago

Centennial Terrace


507 E Main St Richmond, VA

Studio - 1 Bed
•
1 Bath

498 - 686 Sq. Ft.

Available starting May. 7th
Floor plans
Studio • 1 Bath
$1,185 - $1,198
498 ft2
1 Available
Unit 203
$1,185+
Available Jun 17th, 2026
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View Rented Units
Studio • 1 Bath
$1,185 - $1,198
506 ft2
1 Available
Unit 406
$1,185+
Available Jul 7th, 2026
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1 Bed • 1 Bath
$1,416
686 ft2
1 Available
Unit 202
$1,416
Available May 7th, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,382
646 ft2
1 Available
Unit 205
$1,382
Available May 27th, 2026
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Where you'll live
Street View
Map View
Satellite View
Centennial Terrace
Centennial Terrace
Centennial Terrace
Amenities
In-unit Laundry
Air Conditioning
Fitness Center
Refrigerator
Garbage Disposal
Walk In Closets
Public Transportation
Internet Included
Controlled Access
On Bus Line
Clubhouse
Ceiling Fans
Roof Top Patio
Roof Top Access
Online Payments
Granite Countertop
Package Receiving
Gated Entry
Heat: Forced Air
Central A / C
Stainless Steel Appliances
Microwave
Dishwasher
Sun Deck
Stainless Appliances
Cable Ready
Range / Oven
High-speed Internet
Cable-ready
Secured Entry
24-hour Maintenance
Freezer
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Lease & Fees
Lease Length:

10, 12, 15, 18

Property details
Description

Experience brand new, gorgeous apartments in downtown Richmond, VA. With a spectacular outdoor terrace with city views, modern interior finishes, and large rooms and closets, this is a one of a kind living experience.

Additional Details
Total Unit Count: 55
Last Updated: Updated 4 hours ago
Contact Number: (888) 643-4356
Property manager information
Gates Hudson
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Office Hours
Monday: 9:00 AM - 5:30 PM
Tuesday: 9:00 AM - 5:30 PM
Wednesday: 11:00 AM - 5:30 PM
Thursday: 9:00 AM - 5:30 PM
Friday: 9:00 AM - 5:30 PM
Saturday: 9:00 AM - 5:30 PM
Contact Centennial Terrace
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Centennial Terrace by bedroom type below.
Studio
Suggested income:
$42,700
per year
1 Bedroom
Suggested income:
$50,400
per year
Rent report

Centennial Terrace Rent vs. Richmond Average

 Centennial Terrace      Richmond Average
Studio
$1,185
$1,275
$0
$450
$900
$1,350
$1,800
1BR
$1,399
$1,471
$0
$500
$1,000
$1,500
$2,000

Centennial Terrace is asking 5% less than the average 1 bedroom apartment in Richmond.

If you upsized to an average priced Richmond 2 bedroom apartment, you would pay 13% more per month.

If you downsized to an average priced Richmond studio apartment, you would pay 15% less per month.

Centennial Terrace provides 5% less square footage than the average Richmond 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Centennial Terrace
Studio $1,185 $2.40 $3,555
1BR $1,399 $2.10 $4,197
Richmond Average
Studio $1,275 $2.90 $3,825
1BR $1,471 $2.10 $4,412
2BR $1,691 $1.70 $5,074
3BR $1,965 $1.60 $5,894
4BR $2,656 $1.40 $7,969

Availability in Richmond

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,001 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
5% 44% 39% 11% 1%
Available Units in Richmond
Studio 120
1BR 1,001
2BR 892
3BR 249
4BR 27
Location
Nearby College

Virginia Commonwealth University

Campus Buildings and Attractions
Distance Walking Biking Driving
University Student Commons 0.9 mi 19 min 8 min 2 min
Recreational Sports Center 1.0 mi 19 min 5 min 2 min
Cabell Library 1.0 mi 20 min 8 min 3 min
W. Grace Street 1.1 mi 23 min 6 min 3 min
Stuart Siegel Center 1.3 mi 26 min 8 min 3 min
Nearby Hospitals
Name Distance
Vcu Health System 0.52 mi.
Vcu Health System 0.56 mi.
Bon Secours Richmond Community Hospital 1.8 mi.
Nearby Fire Stations
Name Distance
Henrico County Division Of Fire 6.35 mi.
Mechanicsville Fire & Ambulance Department 7.85 mi.
Henrico County Division Of Fire 7.9 mi.
FAQs
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. The soonest move-in date is May 07, 2026.
What's the square footage of the available units?
The available units range from 498 to 686 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,382 to $1,416. Centennial Terrace has 1 bedroom units available starting at $1,382.
Where is this property located?
This property is at 507 E Main St in Richmond, VA. It's 1.3 miles southeast from the center of Richmond.
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