A center airbag apparatus for a vehicle may include an inflator ejecting gas in an event of a vehicle collision, an airbag housing provided on a roof panel between a front seat and a rear seat, and an airbag cushion coupled at an upper end thereof to the airbag housing and fluid-connected to the inflator, wherein the airbag cushion may be folded in a vertical direction and then folded at both sides thereof towards a middle portion, thus allowing the both sides to be first unfolded and then the airbag cushion to be deployed downwards, when the gas may be ejected from the inflator into the airbag cushion.