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  • First & Banks - First & Banks

First & Banks

705 1st Ave SW, Rochester, MN 55902

Floor Plan Summary
Plus Fees Bedrooms Bathrooms
$1,625 - $4,000 Studio - 3 1 - 2.5
12 Month Lease

Limited-Time Offer!

Live rent FREE until July 1, 2026, when you move in by May 31, 2026

Pricing and Floor Plans

Reed (B2)

$1,795 - $1,945
Studio, 1 Bath
711 Sq. Ft.

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9 Rentals Available
Unit
Price
Sq. Ft.
Available
629
$1,795
711
Now
716
$1,945
711
Now
729
$1,945
711
Now

Rhodes (A1)

$1,625 - $1,775
Studio, 1 Bath
532 Sq. Ft.

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6 Rentals Available
Unit
Price
Sq. Ft.
Available
739
$1,775
532
Now
714
$1,775
532
Now
722
$1,775
532
Now

Briar (B5)

$1,790 - $1,975
1 Bed, 1 Bath
707 Sq. Ft.

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49 Rentals Available
Unit
Price
Sq. Ft.
Available
613
$1,825
707
Now
615
$1,825
707
Now
617
$1,825
707
Now

Cosmo (B4)

$1,995 - $2,085
1 Bed, 1 Bath
753 Sq. Ft.

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10 Rentals Available
Unit
Price
Sq. Ft.
Available
604
$1,995
753
Now
606
$1,995
753
Now
404
$1,995
753
Now

Sage (B3)

$1,825 - $1,885
1 Bed, 1 Bath
696 Sq. Ft.

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9 Rentals Available
Unit
Price
Sq. Ft.
Available
607
$1,825
696
Now
509
$1,825
696
Now
407
$1,825
696
Now

Lily (B7)

$1,910 - $2,000
1 Bed, 1 Bath
701 Sq. Ft.

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5 Rentals Available
Unit
Price
Sq. Ft.
Available
638
$1,910
701
Now
738
$2,000
701
Now
538
$1,910
701
Now

Fern (B1)

$1,825
1 Bed, 1 Bath
642 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
503
$1,825
642
Now

Poppy (C2)

$1,995
1 Bed, 1 Bath
772 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
411
$1,995
772
Now

Moss (Walkout 1)

$2,995 - $3,095
2 Beds, 1.5 Baths
1,246 Sq. Ft.

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7 Rentals Available
Unit
Price
Sq. Ft.
Available
109
$2,995
1,246
Now
101
$3,095
1,246
Now
102
$3,095
1,246
Now

Wisteria (D6)

$2,695 - $2,725
2 Beds, 2 Baths
1,084 Sq. Ft.

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4 Rentals Available
Unit
Price
Sq. Ft.
Available
641
$2,725
1,084
Now
441
$2,695
1,084
Now
341
$2,725
1,084
Now

Magnolia (D4)

$2,890 - $2,990
2 Beds, 2 Baths
1,203 Sq. Ft.

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4 Rentals Available
Unit
Price
Sq. Ft.
Available
625
$2,895
1,203
Now
325
$2,890
1,203
Now
425
$2,890
1,203
Now

Saffron (D3)

$2,710
2 Beds, 2 Baths
1,067 Sq. Ft.

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3 Rentals Available
Unit
Price
Sq. Ft.
Available
612
$2,710
1,067
Now
412
$2,710
1,067
Now
512
$2,710
1,067
Now

Clove (D7)

$2,990 - $3,005
2 Beds, 2 Baths
1,239 Sq. Ft.

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
442
$2,990
1,239
Now
542
$3,005
1,239
Now

Dahlia (Parkside Loft)

$3,495
2 Beds, 2 Baths
1,348 Sq. Ft.

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
115
$3,495
1,348
Now
114
$3,495
1,348
Now

Daisy (D2)

$2,650
2 Beds, 2 Baths
1,069 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
300
$2,650
1,069
Now

Flora (E2 - Type A)

$2,995
2 Beds, 2 Baths
1,393 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
437
$2,995
1,393
Now

Hazel (E1)

$3,100
2 Beds, 2 Baths
1,394 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
637
$3,100
1,394
Now

Thorne (Walkout 2)

$3,145
2 Beds, 2 Baths
1,272 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
105
$3,145
1,272
Now

Kale (Penthouse 6 - Type A)

$3,150
2 Beds, 2 Baths
1,393 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
737
$3,150
1,393
Now

Indigo (Penthouse 2)

$3,450
2 Beds, 2 Baths
1,184 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
707
$3,450
1,184
Now

Hawthorn (L/W 1)

$3,500
2 Beds, 2.5 Baths
1,341 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
113
$3,500
1,341
Now

Linden (L/W 2)

$3,695
2 Beds, 2.5 Baths
1,508 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
112
$3,695
1,508
Now

Blossom (L/W 3)

$3,700
2 Beds, 2.5 Baths
1,480 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
111
$3,700
1,480
Now

Willow (L/W 4)

$4,000
2 Beds, 2.5 Baths
1,739 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
110
$4,000
1,739
Now

Linnea (F2)

$3,795
3 Beds, 2 Baths
1,280 Sq. Ft.

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4 Rentals Available
Unit
Price
Sq. Ft.
Available
636
$3,795
1,280
Now
336
$3,795
1,280
Now
436
$3,795
1,280
Now

Juniper (F1)

$3,875
3 Beds, 2 Baths
1,375 Sq. Ft.

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
405
$3,875
1,375
Now
505
$3,875
1,375
Now

Aster (Walkout 3 - Type A)

$3,195
3 Beds, 2 Baths
1,388 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
104
$3,195
1,388
Now
* Price shown is total price based on community-supplied monthly required fees. 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. 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.

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $50

Due at Move-In

  • Security Deposit - Refundable
    $500
  • Administrative Fee
    $200

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

Destination Address
  • Drive Time
    --
  • Walk Time
    --
  • Bike Ride Time
    --
  • Public Transit
    --

Property Highlights

  • Park View
  • Pool Table
  • Sky Lounge (Exclusive)
  • Yoga Studio
  • Bike Storage
  • Clubroom
  • Pet Friendly
  • 24/7 Mini Mart
  • Complimentary Coffee/Espresso Bar
  • Corner Unit

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

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Area Scores

Walkability

Very walkable80 / 100

Transit

Some public transit40 / 100

Driveability

Moderately drivable70 / 100

Bikeability

Very bikeable80 / 100

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

undefined rating

St. John Elementary School

Grades PK-8

Private

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

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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.

First & Banks is an apartment community in Rochester, MN

Enclave

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

Renter Reviews

For First & Banks

4.9

2 Ratings & Reviews

How Is This Rating Determined?

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

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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.

12/29/25

New Building Right Downtown

New construction in prime location with all the amenities we could need. Paige was knowledgeable and friendly. I recommend.

Review from Apartments.com

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