First & Banks Apartments in Rochester, MN

Contact

First & Banks

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

Rent Specials

Limited-Time Offer!~~Live rent FREE until May 1, 2026 when you move in by March 31, 2026.

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

Call Us: (507) 516-6129

Floorplan Pricing and Availability

First & Banks offers Studio to 3 Bedroom apartments starting from $1,425 and having 507–1,739 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees

Studio
1 Bedrooms
2 Bedrooms
3 Bedrooms

Yarrow (A2 - Type A)

$1,425

Studio, 1 Bath, 507 sq ft

Plus Fees

Available Now

Cheapest StudioThis is the cheapest Studio at this Property

Model Gallery

Photos

Availability Details

Price	Availability Date	Unit	Sq Ft	Deposit	Property Map
$1,425	Available Now	327	507	$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 327 Lease Information

Unit Price

$1,425

View Details and Rent Estimate

Deposit

$500 deposit

Unit Description

Unwind in sophisticated spaces and enjoy resort-class amenities like a fitness & yoga studio, three rooftop decks, EV charging stations, a complimentary coffee station and 24/7 mini market. First & Banks' studio, 1, 2, and 3-bedroom floor plans were expertly designed to maximize space and create unique layouts, including premier two-story walkout units. Each apartment home is filled with natural light, featuring open-concept contemporary kitchens and an in-home washer and dryer. Upgraded hand-picked finishes include wood-inspired flooring, tile backsplash, and quartz countertops that create an upgraded living experience. Neighboring a 150-acre public park complete with tennis courts, a running track, and a newly remodeled pool and aquatics area, the community provides access to the ultimate outdoor recreation within walking distance to downtown Rochester and the Mayo Clinic. *Rents and availability are subject to change. Contact the property office for exact pricing and available units. *Price shown is Base Rent - additional non-optional fees not included. Residents are required to pay: one time application fee ($50 per applicant), one time administration fee ($200 per unit), monthly technology package fee ($65 per unit), security deposit ($500 one-time refundable). Utilities included in base rent: none. Utilities not included in base rent: trash, in-unit electric, in-unit gas, water/sewer (varies based on usage), and $8 per unit monthly utility admin fee.

Model Lease Information

Price

$1,425Plus Fees

Rhodes (A1)