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First & Banks Apartments

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(507) 516-6129
Check Availability
705 1st Ave SW, Rochester, MN 55902

Contact

First & Banks

705 1st Ave SW
Rochester, MN 55902
(507) 516-6129
First & Banks in Rochester, MN - Building Photo
  • Studio–3 Bedrooms
  • $1,625-$3,795 Plus Fees
    12 Month Lease Term
  • 532–1,739 Square Feet

Rent Specials

Save $2,500 on Rent!~~Receive up to $2,500 in rent credit when you move in by September 8, 2026. Contact us for details on this limited time offer.

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 located in the Downtown Rochester Neighborhood and 55902 Zip code of Rochester, MN. This community is professionally managed by Enclave Property Management

Unique Features and Amenities

  • 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
  • Pet Spa
  • Pool Spa
  • Pool Table
  • River View
  • Sky Lounge (Exclusive)
  • Trash Chutes
  • Walkout
  • Yoga Studio

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

First & Banks offers Studio to 3 Bedroom apartments starting from $1,625 and having 532–1,739 sq ft. Here is the current pricing and availability:

  • Studio

    Rhodes (A1)

    From $1,625

    Studio, 1 Bath, 532 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $1,625Available Now519532$500
    $1,705 August 7, 2026322532$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $1,625 - $1,705

    Deposit

    • $500 deposit

    Unit 519 Lease Information

    Unit Price

    • $1,625

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,625 - $1,705Plus Fees

    Unit 322 Amenities and Features

    Unique Features

    • Park View

    Unit 322 Lease Information

    Unit Price

    • $1,705

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,625 - $1,705Plus Fees

    Reed (B2)

    $1,975

    Studio, 1 Bath, 711 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $1,975Available Now716711$500
    $1,975Available Now729711$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price

    • $1,975

    Deposit

    • $500 deposit

    Unit 716 Amenities and Features

    Unique Features

    • Club Level

    Unit 716 Lease Information

    Unit Price

    • $1,975

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $1,975Plus Fees

    Unit 729 Amenities and Features

    Unique Features

    • Club Level

    Unit 729 Lease Information

    Unit Price

    • $1,975

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $1,975Plus Fees
  • 1 Bedroom

    Briar (B5)

    From $1,790

    1 Bed, 1 Bath, 707 sq ft
    Plus Fees
    Available Now
    Cheapest 1 BedroomThis is the cheapest 1 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $1,825Available Now613707$500
    $1,825Available Now615707$500
    $1,825Available Now627707$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $1,790 - $1,905

    Current Available Pricing

    • $1,825Plus Fees

    Deposit

    • $500 deposit

    Unit 613 Lease Information

    Unit Price

    • $1,825

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,790 - $1,905Plus Fees

    Unit 615 Lease Information

    Unit Price

    • $1,825

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,790 - $1,905Plus Fees

    Unit 627 Lease Information

    Unit Price

    • $1,825

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,790 - $1,905Plus Fees

    Sage (B3)

    $1,815

    1 Bed, 1 Bath, 696 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D Tours
    $1,815Available Now309696$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Unit 309 Lease Information

    Unit Price

    • $1,815

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $1,815Plus Fees

    Lily (B7)

    $1,930

    1 Bed, 1 Bath, 701 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $1,930Available Now438701$500
    $1,930Available Now538701$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price

    • $1,930

    Deposit

    • $500 deposit

    Unit 438 Amenities and Features

    Unique Features

    • Park View

    Unit 438 Lease Information

    Unit Price

    • $1,930

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $1,930Plus Fees

    Unit 538 Amenities and Features

    Unique Features

    • Park View

    Unit 538 Lease Information

    Unit Price

    • $1,930

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $1,930Plus Fees

    Cosmo (B4)

    From $1,975

    1 Bed, 1 Bath, 753 sq ft
    Plus Fees
    Available Now
    Largest 1 BedroomThis is the largest 1 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $2,015Available Now604753$500
    $1,975Available Now404753$500
    $1,975Available Now406753$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $1,975 - $2,015

    Deposit

    • $500 deposit

    Unit 604 Amenities and Features

    Unique Features

    • Park View

    Unit 604 Lease Information

    Unit Price

    • $2,015

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,975 - $2,015Plus Fees

    Unit 404 Amenities and Features

    Unique Features

    • Park View

    Unit 404 Lease Information

    Unit Price

    • $1,975

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,975 - $2,015Plus Fees

    Unit 406 Amenities and Features

    Unique Features

    • Park View

    Unit 406 Lease Information

    Unit Price

    • $1,975

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $1,975 - $2,015Plus Fees
  • 2 Bedrooms

    Wisteria (D6)

    $2,725

    2 Beds, 2 Baths, 1084 sq ft
    Plus Fees
    Available Now
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $2,725Available Now6411084$500
    $2,725Available Now3411084$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price

    • $2,725

    Deposit

    • $500 deposit

    Unit 641 Amenities and Features

    Unique Features

    • Corner Unit

    Unit 641 Lease Information

    Unit Price

    • $2,725

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $2,725Plus Fees

    Unit 341 Amenities and Features

    Unique Features

    • Corner Unit

    Unit 341 Lease Information

    Unit Price

    • $2,725

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $2,725Plus Fees

    Moss (Walkout 1)

    From $2,795

    2 Beds, 1.5 Baths, 1246 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $2,795Available Now1011246$500
    $2,795Available Now1021246$500
    $2,795Available Now1031246$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $2,795 - $2,995

    Current Available Pricing

    • $2,795Plus Fees

    Deposit

    • $500 deposit

    Unit 101 Amenities and Features

    Unique Features

    • Walkout

    Unit 101 Lease Information

    Unit Price

    • $2,795

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,795 - $2,995Plus Fees

    Unit 102 Amenities and Features

    Unique Features

    • Walkout

    Unit 102 Lease Information

    Unit Price

    • $2,795

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,795 - $2,995Plus Fees

    Unit 103 Amenities and Features

    Unique Features

    • Walkout

    Unit 103 Lease Information

    Unit Price

    • $2,795

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,795 - $2,995Plus Fees

    Magnolia (D4)

    From $2,890

    2 Beds, 2 Baths, 1203 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $2,895Available Now6251203$500
    $2,890Available Now3251203$500
    $2,890Available Now4251203$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $2,890 - $2,895

    Deposit

    • $500 deposit

    Unit 625 Lease Information

    Unit Price

    • $2,895

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,890 - $2,895Plus Fees

    Unit 325 Lease Information

    Unit Price

    • $2,890

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,890 - $2,895Plus Fees

    Unit 425 Lease Information

    Unit Price

    • $2,890

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,890 - $2,895Plus Fees

    Clove (D7)

    From $2,990

    2 Beds, 2 Baths, 1239 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D ToursView Details
    $2,990Available Now4421239$500
    $3,025Available Now5421239$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $2,990 - $3,025

    Deposit

    • $500 deposit

    Unit 442 Amenities and Features

    Unique Features

    • Corner Unit
    • Park View

    Unit 442 Lease Information

    Unit Price

    • $2,990

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,990 - $3,025Plus Fees

    Unit 542 Amenities and Features

    Unique Features

    • Corner Unit
    • Park View

    Unit 542 Lease Information

    Unit Price

    • $3,025

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,990 - $3,025Plus Fees

    Dahlia (Parkside Loft)

    From $2,995

    2 Beds, 2 Baths, 1348 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $2,995Available Now1141348$500
    $3,495Available Now1151348$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $2,995 - $3,495

    Deposit

    • $500 deposit

    Unit 114 Lease Information

    Unit Price

    • $2,995

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,995 - $3,495Plus Fees

    Unit 115 Lease Information

    Unit Price

    • $3,495

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $2,995 - $3,495Plus Fees

    Flora (E2 - Type A)

    $2,995

    2 Beds, 2 Baths, 1393 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $2,995Available Now4371393$500

    Unit 437 Amenities and Features

    Living Space

    • Den

    Unit 437 Lease Information

    Unit Price

    • $2,995

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $2,995Plus Fees

    Thorne (Walkout 2)

    $3,045

    2 Beds, 2 Baths, 1272 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $3,045Available Now1051272$500

    Unit 105 Amenities and Features

    Unique Features

    • Walkout

    Unit 105 Lease Information

    Unit Price

    • $3,045

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,045Plus Fees

    Hawthorn (L/W 1)

    $3,400

    2 Beds, 2.5 Baths, 1341 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $3,400Available Now1131341$500

    Unit 113 Amenities and Features

    Unique Features

    • Live/Work Walkout

    Unit 113 Lease Information

    Unit Price

    • $3,400

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,400Plus Fees

    Indigo (Penthouse 2)

    $3,470

    2 Beds, 2 Baths, 1184 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit3D Tours
    $3,470Available Now7071184$500

    Unit 707 Amenities and Features

    Unique Features

    • Club Level

    Unit 707 Lease Information

    Unit Price

    • $3,470

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,470Plus Fees

    Willow (L/W 4)

    $3,495

    2 Beds, 2.5 Baths, 1739 sq ft
    Plus Fees
    Available Now
    Largest 2 BedroomThis is the largest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $3,495Available Now1101739$500

    Unit 110 Amenities and Features

    Unique Features

    • Live/Work Walkout

    Unit 110 Lease Information

    Unit Price

    • $3,495

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,495Plus Fees

    Blossom (L/W 3)

    $3,600

    2 Beds, 2.5 Baths, 1480 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $3,600Available Now1111480$500

    Unit 111 Amenities and Features

    Unique Features

    • Live/Work Walkout

    Unit 111 Lease Information

    Unit Price

    • $3,600

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,600Plus Fees

    Linden (L/W 2)

    $3,600

    2 Beds, 2.5 Baths, 1508 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $3,600Available Now1121508$500

    Unit 112 Amenities and Features

    Unique Features

    • Live/Work Walkout

    Unit 112 Lease Information

    Unit Price

    • $3,600

    Deposit

    • $500 deposit

    Model Lease Information

    Price

    • $3,600Plus Fees
    See More
  • 3 Bedrooms

    Linnea (F2)

    From $3,295

    3 Beds, 2 Baths, 1280 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $3,795Available Now6361280$500
    $3,295Available Now3361280$500
    $3,795Available Now4361280$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $3,295 - $3,795

    Deposit

    • $500 deposit

    Unit 636 Amenities and Features

    Unique Features

    • Corner Unit

    Unit 636 Lease Information

    Unit Price

    • $3,795

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,295 - $3,795Plus Fees

    Unit 336 Amenities and Features

    Unique Features

    • Corner Unit

    Unit 336 Lease Information

    Unit Price

    • $3,295

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,295 - $3,795Plus Fees

    Unit 436 Amenities and Features

    Unique Features

    • Corner Unit

    Unit 436 Lease Information

    Unit Price

    • $3,795

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,295 - $3,795Plus Fees

    Juniper (F1)

    From $3,700

    3 Beds, 2 Baths, 1375 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $3,775Available Now4051375$500
    $3,775Available Now5051375$500
    $3,700Available Now3051375$500

    Model Amenities and Features

    Features

    • Fireplace
    • High Speed Internet Access
    • Tenant Controlled HVAC
    • Washer/Dryer

    Kitchen

    • Dishwasher
    • Ice Maker
    • Kitchen
    • Quartz Countertops
    • Range
    • Stainless Steel Appliances

    Model Lease Information

    Model Price Range

    • $3,700 - $3,775

    Deposit

    • $500 deposit

    Unit 405 Amenities and Features

    Unique Features

    • Corner Unit
    • River View

    Unit 405 Lease Information

    Unit Price

    • $3,775

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,700 - $3,775Plus Fees

    Unit 505 Amenities and Features

    Unique Features

    • Corner Unit
    • River View

    Unit 505 Lease Information

    Unit Price

    • $3,775

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,700 - $3,775Plus Fees

    Unit 305 Lease Information

    Unit Price

    • $3,700

    Deposit

    • $500 deposit

    Model Lease Information

    Model Price Range

    • $3,700 - $3,775Plus Fees
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. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Request Tour
Call us at: (507) 516-6129 to request a tour.

3D Tours

Property Information

  • 219 Units
  • 7 Stories
  • Built in 2025

Lease Terms

  • 12 Months
  • Short Term Lease Options

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged Per Resident.$50.00
Due at Move-In
Administrative FeeiCharged Per Unit.$200.00
Security Deposit - RefundableiCharged Per Unit.$500.00

Other Fees and Policies

Parking Fees

Electric Vehicle Parking
Parking FeeiCharged Per Vehicle.$200.00/mo
Other
Parking FeeiCharged Per Vehicle.$150.00/mo
Comments:

Additional Underground Parking: $225 Per Month.

Pet Policy and Fees

Cats
  • 2 Pet Limit
Dogs
  • 2 Pet Limit

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.

Features and Amenities

On-Site Services

  • Package Service
  • Pet Washing Station

Community Features

  • Business Center
  • Lounge
  • Disposal Chutes
  • Elevator

Outdoor Features

  • Courtyard
  • Roof Terrace
  • Controlled Access
  • Deck

Recreation and Fitness

  • Fitness Center
  • Spa
  • Tennis Court
  • Bicycle Storage
  • Walking/Biking Trails
  • Playground
  • Pool

Interior Features

  • Tenant Controlled Hvac
  • Fireplace
  • High Speed Internet Access
  • Washer/Dryer

Kitchen Amenities

  • Dishwasher
  • Stainless Steel Appliances
  • Ice Maker
  • Kitchen
  • Quartz Countertops
  • Range

Living Area Features

  • Walk In Closets
  • Den
Google Map

Map

705 1st Ave SW, Rochester, MN 55902

Getting Around

  • 80 / 100 Very Walkable

    Most day-to-day needs are within a few minutes' walk

  • 40 / 100 Some public transit

    Transit is available for most trips

  • 80 / 100 Very Bikeable

    Highly suitable for bicycle commuting and/or recreation

  • 70 / 100 Moderately car friendly

    Good access to freeways and/or major arteries, with a low chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 80 / 100 Restaurants

    Wide variety of restaurants within a few minutes

  • 80 / 100 Cafes

    Wide variety of cafés within a few minutes

  • 80 / 100 Nightlife

    Wide variety of bars within a few minutes

  • 70 / 100 Shopping

    Several shops within a few minutes

  • 70 / 100 Noise Level

    Few sources of noise nearby

Scores provided by Local Logic

Frequently Asked Questions about First & Banks

Where is First & Banks located?

First & Banks is located at 705 1st Ave SW near the Downtown Rochester area of Rochester, MN

What is the current rent range at First & Banks?

Studio to 3 Bedroom Apartments at First & Banks currently range from $1,625 to $3,795

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at First & Banks is: Save $2,500 on Rent!~~Receive up to $2,500 in rent credit when you move in by September 8, 2026. Contact us for details on this limited time offer..

Lifestyle Ratings

  • Active Lifestyle 3.8

    From fitness centers to pools to putting greens, Active Lifestyle apartments feature local listings with the most amenities that support an always active lifestyle.

    Rating Factors

    This 3.8-star Active Lifestyle rating is based on the following features:

    • Tennis Courts
    • Walking/Biking Trails
    • Bicycle Storage
    • Swimming Pool(s)
    • Fitness Center
    • Pet Washing Station
    • Whirlpool/Spa/Sauna
    • Playground(s)
Learn more about Lifestyle Search

Renters Reviews and Ratings

3.0
2 Renters Reviews

Esthetics dont equal quality

April 3, 2026 - Review from Apartments.com
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

Property Manager Responded

April 10, 2026
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.

New Building Right Downtown

December 23, 2025 - Review from Apartments.com
New construction in prime location with all the amenities we could need. Paige was knowledgeable and friendly. I recommend.

Points of Interest

Time and distance from First & Banks.

Big Box and Retail

Walgreens

80 14th St SW
3 minute drive / 1.2 miles away

Macy's

901 Apache Mall
4 minute drive / 1.55 miles away

Kohl's

20 25th St SE
5 minute drive / 2.45 miles away

Colleges and Universities

University Of Minnesota-Rochester

300 University Square 111 South Broadway
1 minute drive / 0.23 miles away

Hospitals

Olmsted Medical Center

1650 Fourth Street Southeast
3 minute drive / 1.0 miles away

Mayo Clinic Hospital Rochester

1216 Second Street Southwest
3 minute drive / 1.07 miles away

Community Behavioral Health Hospital Rochester

251 Wood Lake Drive Southeast
6 minute drive / 3.22 miles away

Shopping Centers

Centerplace Galleria

111 S Broadway
1 minute drive / 0.25 miles away

Strip Mall on Broadway

200-216 N Broadway
1 minute drive / 0.42 miles away

Soldier Field Plaza

816 S Broadway
1 minute drive / 0.43 miles away

First & Banks has 5 shopping centers within 1.2 miles.

Nearby Neighborhoods

Downtown Rochester

Studio to 4 Bedroom Apartments from $900
View Rentals

Historic Southwest

Studio to 5 Bedroom Apartments from $900
View Rentals

Kutzky Park

Studio to 5 Bedroom Apartments from $900
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Rochester Studio Apartments $1,437$900$1,975
Rochester 1 Bedroom Apartments $1,641$825$2,915
Rochester 2 Bedroom Apartments $1,973$950$3,600
Rochester 3 Bedroom Apartments $2,158$1,170$4,256
Rochester 4 Bedroom Apartments $2,547$695$4,218
2 Bedroom Homes$1,579$995$2,395
3 Bedroom Homes$2,099$1,575$3,200
4 Bedroom Homes$2,578$1,800$4,400
5 Bedroom Homes$2,889$2,600$3,350

Browse Top Apartments in Rochester

Viewing: First & Banks | Desktop Version | Listing Updated: 08/01/2026 | AHLDIA