First & Banks

705 1st Ave SW, Rochester, MN 55902

Last Updated: 1 Day Ago

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Floor Plan Summary
Plus Fees	Bedrooms	Bathrooms	Sq. Ft.
$1,500 - $3,700	Studio - 3 Beds	Studio - 3	1 - 2.5 Baths	1 - 2.5	507 - 1,739 sq. ft.
12 Month Lease	Studio - 3 Beds	Studio - 3	1 - 2.5 Baths	1 - 2.5	507 - 1,739 sq. ft.

Pricing and Floor Plans

Rhodes (A1)

$1,525 - $1,675

Studio, 1 Bath

, 532 Sq. Ft.

Show Floor Plan Details

18 Rentals Available

Unit

Price

Sq. Ft.

Available

639

$1,525

532 Sq. Ft.

Now

614

$1,560

532 Sq. Ft.

Now

714

$1,675

532 Sq. Ft.

Now

Reed (B2)

$1,900 - $2,050

Studio, 1 Bath

, 711 Sq. Ft.

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15 Rentals Available

Unit

Price

Sq. Ft.

Available

602

$1,900

711 Sq. Ft.

Now

616

$1,900

711 Sq. Ft.

Now

629

$1,900

711 Sq. Ft.

Now

Yarrow (A2 - Type A)

$1,500

Studio, 1 Bath

, 507 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

327

$1,500

507 Sq. Ft.

1/6/26

Briar (B5)

$1,890 - $2,040

1 Bed, 1 Bath

, 707 Sq. Ft.

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64 Rentals Available

Unit

Price

Sq. Ft.

Available

613

$1,890

707 Sq. Ft.

Now

615

$1,890

707 Sq. Ft.

Now

617

$1,890

707 Sq. Ft.

Now

Sage (B3)

$1,865 - $1,900

1 Bed, 1 Bath

, 696 Sq. Ft.

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16 Rentals Available

Unit

Price

Sq. Ft.

Available

607

$1,865

696 Sq. Ft.

Now

609

$1,865

696 Sq. Ft.

Now

632

$1,900

696 Sq. Ft.

Now

Cosmo (B4)

$1,980 - $2,095

1 Bed, 1 Bath

, 753 Sq. Ft.

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16 Rentals Available

Unit

Price

Sq. Ft.

Available

604

$1,980

753 Sq. Ft.

Now

606

$1,980

753 Sq. Ft.

Now

608

$1,980

753 Sq. Ft.

Now

Lily (B7)

$1,955 - $2,070

1 Bed, 1 Bath

, 701 Sq. Ft.

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5 Rentals Available

Unit

Price

Sq. Ft.

Available

638

$1,955

701 Sq. Ft.

Now

738

$2,070

701 Sq. Ft.

Now

338

$1,955

701 Sq. Ft.

1/6/26

Poppy (C2)

$1,975

1 Bed, 1 Bath

, 772 Sq. Ft.

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4 Rentals Available

Unit

Price

Sq. Ft.

Available

611

$1,975

772 Sq. Ft.

Now

311

$1,975

772 Sq. Ft.

1/6/26

411

$1,975

772 Sq. Ft.

1/6/26

Calla (C1)

$2,135 - $2,250

1 Bed, 1 Bath

, 905 Sq. Ft.

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3 Rentals Available

Unit

Price

Sq. Ft.

Available

724

$2,250

905 Sq. Ft.

Now

324

$2,135

905 Sq. Ft.

1/6/26

424

$2,135

905 Sq. Ft.

1/6/26

Fern (B1)

$1,775

1 Bed, 1 Bath

, 642 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

303

$1,775

642 Sq. Ft.

1/6/26

403

$1,775

642 Sq. Ft.

1/6/26

503

$1,775

642 Sq. Ft.

1/6/26

Ivy (B6 - Type A)

$1,895

1 Bed, 1 Bath

, 701 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

623

$1,895

701 Sq. Ft.

Now

Violet (B8)

$1,985

1 Bed, 1 Bath

, 671 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

711

$1,985

671 Sq. Ft.

Now

Magnolia (D4)

$2,895 - $3,045

2 Beds, 2 Baths

, 1,203 Sq. Ft.

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10 Rentals Available

Unit

Price

Sq. Ft.

Available

625

$2,895

1,203 Sq. Ft.

Now

620

$2,955

1,203 Sq. Ft.

Now

720

$3,045

1,203 Sq. Ft.

Now

Moss (Walkout 1)

$3,095

2 Beds, 1.5 Baths

, 1,246 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

101

$3,095

1,246 Sq. Ft.

1/6/26

102

$3,095

1,246 Sq. Ft.

1/6/26

103

$3,095

1,246 Sq. Ft.

1/6/26

Daisy (D2)

$2,650 - $2,800

2 Beds, 2 Baths

, 1,069 Sq. Ft.

Show Floor Plan Details

5 Rentals Available

Unit

Price

Sq. Ft.

Available

600

$2,710

1,069 Sq. Ft.

Now

700

$2,800

1,069 Sq. Ft.

Now

300

$2,650

1,069 Sq. Ft.

1/6/26

Wisteria (D6)

$2,700 - $2,825

2 Beds, 2 Baths

, 1,084 Sq. Ft.

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5 Rentals Available

Unit

Price

Sq. Ft.

Available

641

$2,700

1,084 Sq. Ft.

Now

741

$2,825

1,084 Sq. Ft.

Now

341

$2,700

1,084 Sq. Ft.

1/6/26

Clove (D7)

$2,955 - $3,045

2 Beds, 2 Baths

, 1,239 Sq. Ft.

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5 Rentals Available

Unit

Price

Sq. Ft.

Available

642

$2,955

1,239 Sq. Ft.

Now

742

$3,045

1,239 Sq. Ft.

Now

342

$2,955

1,239 Sq. Ft.

1/6/26

Iris (D1)

$2,625 - $2,650

2 Beds, 2 Baths

, 1,056 Sq. Ft.

Show Floor Plan Details

4 Rentals Available

Unit

Price

Sq. Ft.

Available

601

$2,650

1,056 Sq. Ft.

Now

301

$2,625

1,056 Sq. Ft.

1/6/26

401

$2,650

1,056 Sq. Ft.

1/6/26

Saffron (D3)

$2,685 - $2,800

2 Beds, 2 Baths

, 1,067 Sq. Ft.

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4 Rentals Available

Unit

Price

Sq. Ft.

Available

612

$2,685

1,067 Sq. Ft.

Now

712

$2,800

1,067 Sq. Ft.

Now

412

$2,685

1,067 Sq. Ft.

1/6/26

Hazel (E1)

$2,995

2 Beds, 2 Baths

, 1,394 Sq. Ft.

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3 Rentals Available

Unit

Price

Sq. Ft.

Available

637

$2,995

1,394 Sq. Ft.

Now

537

$2,995

1,394 Sq. Ft.

1/6/26

337

$2,995

1,394 Sq. Ft.

1/6/26

Indigo (Penthouse 2)

$3,450

2 Beds, 2 Baths

, 1,184 Sq. Ft.

Show Floor Plan Details

2 Rentals Available

Unit

Price

Sq. Ft.

Available

707

$3,450

1,184 Sq. Ft.

Now

732

$3,450

1,184 Sq. Ft.

Now

Dahlia (Parkside Loft)

$3,495

2 Beds, 2 Baths

, 1,348 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

115

$3,495

1,348 Sq. Ft.

1/6/26

114

$3,495

1,348 Sq. Ft.

1/6/26

Rue (Penthouse 3)

$3,250

2 Beds, 2 Baths

, 1,088 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

717

$3,250

1,088 Sq. Ft.

Now

Bramble (Penthouse 5)

$3,250

2 Beds, 2 Baths

, 1,096 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

713

$3,250

1,096 Sq. Ft.

Now

Kale (Penthouse 6 - Type A)

$3,450

2 Beds, 2 Baths

, 1,393 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

737

$3,450

1,393 Sq. Ft.

Now

Basil (Penthouse 4)

$3,650

2 Beds, 2 Baths

, 1,209 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

736

$3,650

1,209 Sq. Ft.

Now

Elowen (Penthouse 1)

$3,650

2 Beds, 2 Baths

, 1,242 Sq. Ft.

Show Floor Plan Details

1 Rental Available

Unit

Price

Sq. Ft.

Available

705

$3,650

1,242 Sq. Ft.

Now

Flora (E2 - Type A)

$3,050

2 Beds, 2 Baths

, 1,393 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

437

$3,050

1,393 Sq. Ft.

1/6/26

Thorne (Walkout 2)

$3,145

2 Beds, 2 Baths

, 1,272 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

105

$3,145

1,272 Sq. Ft.

1/6/26

Hawthorn (L/W 1)

$3,295

2 Beds, 2.5 Baths

, 1,341 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

113

$3,295

1,341 Sq. Ft.

1/6/26

Blossom (L/W 3)

$3,320

2 Beds, 2.5 Baths

, 1,480 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

111

$3,320

1,480 Sq. Ft.

1/6/26

Linden (L/W 2)

$3,350

2 Beds, 2.5 Baths

, 1,508 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

112

$3,350

1,508 Sq. Ft.

1/6/26

Willow (L/W 4)

$3,700

2 Beds, 2.5 Baths

, 1,739 Sq. Ft.

Show Floor Plan Details

Jan. 6

Unit

Price

Sq. Ft.

Available

110

$3,700

1,739 Sq. Ft.

1/6/26

Juniper (F1)

$3,600 - $3,650

3 Beds, 2 Baths

, 1,375 Sq. Ft.

Show Floor Plan Details

4 Rentals Available

Unit

Price

Sq. Ft.

Available

605

$3,650

1,375 Sq. Ft.

Now

305

$3,600

1,375 Sq. Ft.

1/6/26

405

$3,650

1,375 Sq. Ft.

1/6/26

Linnea (F2)

$3,660

3 Beds, 2 Baths

, 1,280 Sq. Ft.

Show Floor Plan Details

4 Rentals Available

Unit

Price

Sq. Ft.

Available

636

$3,660

1,280 Sq. Ft.

Now

336

$3,660

1,280 Sq. Ft.

1/6/26

436

$3,660

1,280 Sq. Ft.

1/6/26

* Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Details

Property Information

Built in 2025
219 units / 7 stories

Fees and Policies

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

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.

Property Highlights

Park View
Club Level
Live/Work Walkout
Walkout
Corner Unit
River View

Apartment Features

Deck
Den
Dishwasher
Fireplace
High Speed Internet Access
Ice Maker
Kitchen
Quartz Countertops
Range
Stainless Steel Appliances
Walk-In Closets
Washer/Dryer

Community Features

Bicycle Storage
Business Center
Controlled Access
Courtyard
Elevator
Fitness Center
Lounge
Package Service
Pet Washing Station
Playground
Roof Terrace
Short Term Lease
Spa
Tennis Court
Walking/Biking Trails

Neighborhood Scores

Walk Score ^®

Very Walkable80 / 100

Bike Score ^®

Very Bikeable82 / 100

Soundscore ^™

Active73 / 100

Transit

Airport

Rochester International

14 min Drive

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

Folwell Elementary

Grades PK-5

Public

John Adams Middle

Grades 6-8

Public

St. John Elementary School

Grades PK-8

Private

Lourdes High School

Grades 9-12

Private

Mayo Senior High

Grades 8-12

Public

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 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.

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 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

Contact

Property Address:

705 1st Ave SW,
Rochester, MN 55902

Phone Number: (507) 516-3249

More Information:

View Property Website

Office Hours

SundayCLOSED
MondayCLOSED
TuesdayCLOSED
WednesdayCLOSED
ThursdayCLOSED
FridayCLOSED
SaturdayCLOSED

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(507) 516-3249

Languages: English

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First & Banks

Pricing and Floor Plans

Rhodes (A1)

Reed (B2)

Yarrow (A2 - Type A)

Briar (B5)

Sage (B3)

Cosmo (B4)

Lily (B7)

Poppy (C2)

Calla (C1)

Fern (B1)

Ivy (B6 - Type A)

Violet (B8)

Magnolia (D4)

Moss (Walkout 1)

Daisy (D2)

Wisteria (D6)

Clove (D7)

Iris (D1)

Saffron (D3)

Hazel (E1)

Indigo (Penthouse 2)

Dahlia (Parkside Loft)

Rue (Penthouse 3)

Bramble (Penthouse 5)

Kale (Penthouse 6 - Type A)

Basil (Penthouse 4)

Elowen (Penthouse 1)

Flora (E2 - Type A)

Thorne (Walkout 2)

Hawthorn (L/W 1)

Blossom (L/W 3)

Linden (L/W 2)

Willow (L/W 4)

Juniper (F1)

Linnea (F2)

Details

Fees and Policies

Property Highlights

Apartment Features

Community Features

Map of First & Banks

Neighborhood Scores

Transit

Moving to Downtown Rochester, Rochester, MN

Shopping Centers

Parks and Recreation

Airports

Local Education

Primary and Secondary Schools

Colleges and Universities

About First & Banks

Contact

First & Banks Gallery

Find More Rentals in Rochester

Bedrooms

Other Type of Rentals

Rochester Apartments by Amenity

Apartment Specialties

Apartments in your Budget

Find More Rentals Nearby…

Cities

Neighborhoods

Zip Codes

Contact this Property