242 E Water St · Apartment for Rent

Discover the vibrant energy of Urban Exchange, where downtown Harrisonburg energy meets your everyday groove. As the city’s largest residential community, Urban Exchange is home to 194 apartments and offers over 45 unique layouts, including studio, 1-bedroom, 2-bedroom, and 3-bedroom options, all designed to fit both student and non-student lifestyles. This is a metro home that is designed for those who have‚ “been there, done that,” and decided that having a refuge providing peace and comfort can be a good thing. Whether you're flying solo or sharing space, you'll find the perfect apartment to call home. Living green is a lifestyle -- but it has been made easier with the Exchange building, which was built using LEED principles, dense spray foam insulation, and a green landscaped roof plaza. Step inside to find sleek granite countertops, low-VOC paints, and premium Jeld-Wen windows—high-quality finishes that elevate your living experience. Each unit features a curated mix of high-end flooring—from resilient Core-Tec and sustainable hardwood to sleek ceramic surfaces—designed to blend style, durability, and comfort. Beyond the apartments, you’ll find amenities designed for modern living, including an electric car plug-in, a glass-walled fitness center with stunning views, a cozy book exchange library/lounge, secure underground parking, and a beautifully landscaped courtyard. Urban Exchange is more than just a place to live—it’s a hub of convenience. Enjoy living above the bustling streets with on-site favorites like Three Notch’d Brewery, Coffee Hound, and Benny’s Pizza, right outside your front door. Located at the edge of Old Town, you’ll find an array of locally-owned shops, restaurants, and services nearby. Plus, attractions like the Harrisonburg Farmers Market, James Madison University's Center for the Performing Arts, and The Ice House (home to Drifters Cafe, Pale Fire Brewery, and more) are all in close proximity. For added peace of mind, Urban Exchange is a party-free community, with video/fobbed access to the building, and a gated interior garage. Experience the best of downtown living—Stay Safe, Be Green, Do Downtown, and Live at Urban Exchange!