First & Banks

705 1st Ave SW, Rochester, MN 55902

Last Updated: 1 Day Ago
(2)

Managed By

First & Banks
Plus Fees
$1,775 - $3,775
12 Month Lease
Bedrooms
Studio - 3
Bathrooms
1 - 2.5
Sq. Ft.
701 - 1,739 sq ft

Save $3,000 on Rent!

Receive up to $3,000 in rent credit when you move in by October 31, 2026. Contact us for details on this limited time offer.

Pricing and Floor Plans

Reed (B2)

$1,775 - $1,975 Plus Fees
Studio, 1 Bath
711 Sq. Ft.
Show Floor Plan Details
4 Available Units
Unit
Price
Sq. Ft.
Available
729
$1,975
711
Now
716
$1,975
711
Now
529
$1,775
711
Now
629
$1,775
711
Now

Briar (B5)

$1,799 - $1,885 Plus Fees
1 Bed, 1 Bath
707 Sq. Ft.
Show Floor Plan Details
18 Available Units
Unit
Price
Sq. Ft.
Available
627
$1,825
707
Now
313
$1,799
707
Now
531
$1,825
707
Now

Cosmo (B4)

$1,975 - $2,015 Plus Fees
1 Bed, 1 Bath
753 Sq. Ft.
Show Floor Plan Details
6 Available Units
Unit
Price
Sq. Ft.
Available
406
$1,975
753
Now
404
$1,975
753
Now
510
$2,015
753
Now

Lily (B7)

$1,930 Plus Fees
1 Bed, 1 Bath
701 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Price
Sq. Ft.
Available
438
$1,930
701
Now
538
$1,930
701
Now
638
$1,930
701
Now

Poppy (C2)

$1,995 Plus Fees
1 Bed, 1 Bath
772 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
611
$1,995
772
Nov. 19

Moss (Walkout 1)

$2,495 - $2,995 Plus Fees
2 Beds, 1.5 Baths
1,246 Sq. Ft.
Show Floor Plan Details
6 Available Units
Unit
Price
Sq. Ft.
Available
103
$2,495
1,246
Now
102
$2,495
1,246
Now
101
$2,495
1,246
Now

Wisteria (D6)

$2,725 Plus Fees
2 Beds, 2 Baths
1,084 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Price
Sq. Ft.
Available
641
$2,725
1,084
Now
341
$2,725
1,084
Now

Magnolia (D4)

$2,890 - $2,895 Plus Fees
2 Beds, 2 Baths
1,203 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Price
Sq. Ft.
Available
625
$2,895
1,203
Now
325
$2,890
1,203
Now

Dahlia (Parkside Loft)

$2,995 - $3,395 Plus Fees
2 Beds, 2 Baths
1,348 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Price
Sq. Ft.
Available
114
$2,995
1,348
Now
115
$3,395
1,348
Now

Clove (D7)

$3,025 Plus Fees
2 Beds, 2 Baths
1,239 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Price
Sq. Ft.
Available
442
$3,025
1,239
Now
542
$3,025
1,239
Now

Flora (E2 - Type A)

$2,995 Plus Fees
2 Beds, 2 Baths
1,393 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
437
$2,995
1,393
Now

Thorne (Walkout 2)

$3,045 Plus Fees
2 Beds, 2 Baths
1,272 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
105
$3,045
1,272
Now

Hawthorn (L/W 1)

$3,400 Plus Fees
2 Beds, 2.5 Baths
1,341 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
113
$3,400
1,341
Now

Indigo (Penthouse 2)

$3,470 Plus Fees
2 Beds, 2 Baths
1,184 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
707
$3,470
1,184
Now

Willow (L/W 4)

$3,495 Plus Fees
2 Beds, 2.5 Baths
1,739 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
110
$3,495
1,739
Now

Blossom (L/W 3)

$3,600 Plus Fees
2 Beds, 2.5 Baths
1,480 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
111
$3,600
1,480
Now

Linden (L/W 2)

$3,600 Plus Fees
2 Beds, 2.5 Baths
1,508 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
112
$3,600
1,508
Now

Saffron (D3)

$2,730 Plus Fees
2 Beds, 2 Baths
1,067 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Price
Sq. Ft.
Available
612
$2,730
1,067
Nov. 13

Linnea (F2)

$2,895 - $3,650 Plus Fees
3 Beds, 2 Baths
1,280 Sq. Ft.
Show Floor Plan Details
4 Available Units
Unit
Price
Sq. Ft.
Available
636
$3,650
1,280
Now
336
$2,895
1,280
Now
436
$3,650
1,280
Now
536
$3,650
1,280
Now

Juniper (F1)

$3,195 - $3,775 Plus Fees
3 Beds, 2 Baths
1,375 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Price
Sq. Ft.
Available
405
$3,775
1,375
Now
505
$3,775
1,375
Now
305
$3,195
1,375
Now
* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Property Map

Select a unit to view pricing and availability

Details

Property Information

  • Built in 2025
  • 219 units7 stories

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Cats Allowed

  • Cats Allowed

Dogs Allowed

  • Dogs Allowed

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Matterport 3D Tours

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

Property Highlights

  • 24/7 Mini Mart
  • Amenity Deck
  • Bike Storage
  • Club Level
  • Clubroom
  • Community Grilling Station
  • Community Kitchen
  • Complimentary Coffee/Espresso Bar
  • Corner Unit
  • Covered Parking (Heated)
  • Crafting Room
  • Interactive Sports Simulator
  • Live/Work Walkout
  • Park View
  • Pet Friendly
  • River View
  • Trash Chutes
  • Walkout
  • Washer and Dryer In-Unit
  • Yoga Studio

Apartment Features

  • Deck
  • Den
  • Dishwasher
  • Fireplace
  • High Speed Internet Access
  • Ice Maker
  • Kitchen
  • Quartz Countertops
  • Range
  • Stainless Steel Appliances

Community Features

  • Bicycle Storage
  • Business Center
  • Controlled Access
  • Courtyard
  • Disposal Chutes
  • Elevator
  • Fitness Center
  • Lounge
  • Package Service
  • Pet Washing Station

Map of First & Banks

Area Scores

Walkability

Very walkable

Transit

Some public transit

Driveability

Moderately drivable

Bikeability

Very bikeable

Scores provided by

Soundscore

Active

Scores provided by

Transit

Airport

Rochester International

14 min Drive

Rochester International

Moving to Downtown Rochester, Rochester, MN

Shopping Centers

Shoppers will appreciate First & Banks proximity to Soldier Field Plaza, Centerplace Galleria, and Crossroads Shopping Center. Soldier Field Plaza is 0.4 miles away, and Centerplace Galleria is within a 10 minute walk.

Parks and Recreation

Recreational activities near First & Banks are plentiful. Discover 1 park within 3.4 miles, including Quarry Hill Nature Center.

Airports

Living in Downtown Rochester provides easy access to Rochester International, located just 13 minutes from First & Banks.

Local Education

Primary and Secondary Schools

Not rated

Rochester Arts and Sciences Academy

Grades PK-5

Private

GreatSchools rating: 8 out of 10

Folwell Elementary School

Grades PK-5

Public

GreatSchools rating: 5 out of 10

John Adams Middle School

Grades 6-8

Public

Not rated

St. John Elementary School

Grades PK-8

Private

GreatSchools rating: 9 out of 10

Mayo Senior High School

Grades 9-12

Public

Not rated

Whipple Heights

Grades K-12

Private

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Univ. Of Minn.-Rochester Walk: 10 min (0.5 mi)

About First & Banks

Find the ultimate home sanctuary in Rochester, MN. First & Banks offers spacious studio, 1, 2 and 3-bedroom apartments with sophisticated finishes and all-inclusive access to intentional on-site amenities. The property also features premium two-story… walk-out townhome units and seventh-floor penthouse units with upgraded finishes.

The pet-friendly community is located three blocks from the Mayo Clinic and within walking distance to downtown. Enjoy park views and access to walking paths, tennis courts, a playground and a recently completed aquatics center.

Unit features: elevated 9-foot ceilings, walk-in closets, in-home washer & dryer, upgraded painted cabinetry, open-concept living spaces and stainless steel appliance package. Select units have upgraded finishes and features.

Community amenities: fitness & yoga studio, third-story amenity deck with grilling stations and spa, grab-and-go mini market, grand lobby with dedicated mail and package room, bike storage, community clubroom with kitchen and fireplace, multi-sports simulator, pool table, outdoor courtyard, exclusive seventh-floor amenity deck and clubroom and makers crafting room.

First & Banks is an apartment community in Rochester, MN

Contact

Property Address:
705 1st Ave SW,
Rochester, MN 55902
Phone Number: (507) 516-3249
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday Closed
  • Tuesday Closed
  • Wednesday Closed
  • Thursday Closed
  • Friday Closed
  • Saturday Closed
First & Banks

Renter Reviews

For First & Banks

3.0

2 Ratings & Reviews

  • 4/10/26

    Esthetics dont equal quality

    The aesthetics might be pretty, but the windows are leaky, and you will hear every step your neighbor makes. The view is an auto part store, and the rent is outrageous for a cheaply constructed apartment. I can hear water dripping after my neighbor flushes their toilet. Dont waste your money here

    Review from Apartments.com

    1 Person Found This Helpful

    Property Manager at First & Banks responded to this review

    We’re sorry to hear your experience hasn’t met expectations. We understand how important comfort and noise levels are in your home, and we take feedback like this seriously. If you’re open to it, we’d encourage you to reach out to the team directly… so we can better understand your concerns and see how we can help.

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Contact This Property

(507) 516-3249

Languages: English

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