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Updated 19 minutes ago

Centennial Terrace


507 E Main St Richmond, VA

Studio - 1 Bed
•
1 Bath

468 - 714 Sq. Ft.

Available Now
Studio • 1 Bath
$1,196
468 ft2
1 Available
Unit 301
$1,196
Available Dec 26th, 2025
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1 Bed • 1 Bath
$1,514
714 ft2
1 Available
Unit 411
$1,514
Available Now
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1 Bed • 1 Bath
$1,364 - $1,416
686 ft2
1 Available
Unit 302
$1,364+
Available Feb 9th, 2026
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Where you'll live
Street View
Map View
Satellite View
Amenities
In-unit Laundry
Air Conditioning
Fitness Center
Refrigerator
Garbage Disposal
Walk In Closets
Public Transportation
Internet Included
Controlled Access
On Bus Line
Granite Countertop
Roof Top Patio
Roof Top Access
Online Payments
Package Receiving
Heat: Forced Air
Central A / C
Stainless Steel Appliances
Microwave
Ceiling Fans
Cable Ready
Gated Entry
Clubhouse
Dishwasher
Sun Deck
Stainless Appliances
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 19 minutes 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
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Photos Floor Plans Amenities
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:
$43,100
per year
1 Bedroom
Suggested income:
$51,800
per year
Rent report

Centennial Terrace Rent vs. Richmond Average

 Centennial Terrace      Richmond Average
Studio
$1,196
$1,320
$0
$450
$900
$1,350
$1,800
1BR
$1,439
$1,478
$0
$500
$1,000
$1,500
$2,000

Centennial Terrace is asking 9% less than the average studio apartment in Richmond.

If you upsized to an average priced Richmond 1 bedroom apartment, you would pay 11% more per month.

Centennial Terrace provides 15% less square footage than the average Richmond studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Centennial Terrace
Studio $1,196 $2.60 $3,588
1BR $1,439 $2.10 $4,317
Richmond Average
Studio $1,320 $2.40 $3,961
1BR $1,478 $2.10 $4,433
2BR $1,669 $1.70 $5,007
3BR $2,039 $1.60 $6,118
4BR $3,623 $1.50 $10,868

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 912 2BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 41% 42% 12% 1%
Available Units in Richmond
Studio 86
1BR 888
2BR 912
3BR 261
4BR 15
Location
Nearby College
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 3 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. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 468 to 714 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 studio and 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 $1,196 to $1,514. Centennial Terrace has studio units available starting at $1,196 and 1 bedroom units available starting at $1,514.
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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