Photos
- Studio–3 Bedrooms
- $1,625-$4,000 Plus Fees12 Month Lease Term
- 532–1,739 Square Feet
Rent Specials
Limited-Time Offer!~~Live rent FREE until July 1, 2026, when you move in by May 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
Property Contact Info
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (507) 516-6129
- Disclaimer:
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:
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >Studio
Rhodes (A1)
From $1,625
Studio, 1 Bath, 532 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,775 Available Now 722 532 $500 $1,775 Available Now 739 532 $500 $1,705 Available Now 414 532 $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 - $1,775
Current Available Pricing
- $1,705 - $1,775 Plus Fees
Deposit
- $500 deposit
Unit 722 Amenities and Features
Unique Features
- Club Level
Unit 722 Lease Information
Unit Price
- $1,775
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,625 - $1,775Plus Fees
Unit 739 Amenities and Features
Unique Features
- Club Level
Unit 739 Lease Information
Unit Price
- $1,775
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,625 - $1,775Plus Fees
Unit 414 Amenities and Features
Unique Features
- Park View
Unit 414 Lease Information
Unit Price
- $1,705
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,625 - $1,775Plus Fees
Apartment Model: Rhodes (A1)From $1,625Studio, 1 Bath, 532 sq ftAvailable Now![]()
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Rhodes (A1) - Image 10 Apartment Unit: 722Apartment Model: Rhodes (A1)$1,775Studio, 1 Bath, 532 sq ftAvailable NowApartment Unit: 739Apartment Model: Rhodes (A1)$1,775Studio, 1 Bath, 532 sq ftAvailable NowApartment Unit: 414Apartment Model: Rhodes (A1)$1,705Studio, 1 Bath, 532 sq ftAvailable NowReed (B2)
From $1,795
Studio, 1 Bath, 711 sq ftPlus FeesAvailable NowModel Gallery
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Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,795 Available Now 629 711 $500 $1,945 Available Now 716 711 $500 $1,945 Available Now 729 711 $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
- $1,795 - $1,945
Deposit
- $500 deposit
Unit 629 Lease Information
Unit Price
- $1,795
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,795 - $1,945Plus Fees
Unit 716 Amenities and Features
Unique Features
- Club Level
Unit 716 Lease Information
Unit Price
- $1,945
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,795 - $1,945Plus Fees
Unit 729 Amenities and Features
Unique Features
- Club Level
Unit 729 Lease Information
Unit Price
- $1,945
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,795 - $1,945Plus Fees
Apartment Model: Reed (B2)From $1,795Studio, 1 Bath, 711 sq ftAvailable Now![]()
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Reed (B2) - Image 10 Apartment Unit: 629Apartment Model: Reed (B2)$1,795Studio, 1 Bath, 711 sq ftAvailable NowApartment Unit: 716Apartment Model: Reed (B2)$1,945Studio, 1 Bath, 711 sq ftAvailable NowApartment Unit: 729Apartment Model: Reed (B2)$1,945Studio, 1 Bath, 711 sq ftAvailable Now1 Bedroom
Briar (B5)
From $1,790
1 Bed, 1 Bath, 707 sq ftPlus FeesAvailable NowCheapest 1 BedroomThis is the cheapest 1 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,825 Available Now 613 707 $500 $1,825 Available Now 615 707 $500 $1,825 Available Now 617 707 $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 - $1,975
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 - $1,975Plus Fees
Unit 615 Lease Information
Unit Price
- $1,825
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,790 - $1,975Plus Fees
Unit 617 Lease Information
Unit Price
- $1,825
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,790 - $1,975Plus Fees
Apartment Model: Briar (B5)From $1,7901 Bedroom, 1 Bath, 707 sq ftAvailable Now![]()
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Briar (B5) - Image 10 Apartment Unit: 613Apartment Model: Briar (B5)$1,8251 Bedroom, 1 Bath, 707 sq ftAvailable NowApartment Unit: 615Apartment Model: Briar (B5)$1,8251 Bedroom, 1 Bath, 707 sq ftAvailable NowApartment Unit: 617Apartment Model: Briar (B5)$1,8251 Bedroom, 1 Bath, 707 sq ftAvailable NowSage (B3)
From $1,825
1 Bed, 1 Bath, 696 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,825 Available Now 607 696 $500 $1,825 Available Now 307 696 $500 $1,825 Available Now 309 696 $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
- $1,825 - $1,905
Current Available Pricing
- $1,825Plus Fees
Deposit
- $500 deposit
Unit 607 Lease Information
Unit Price
- $1,825
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,825 - $1,905Plus Fees
Unit 307 Lease Information
Unit Price
- $1,825
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,825 - $1,905Plus Fees
Unit 309 Lease Information
Unit Price
- $1,825
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,825 - $1,905Plus Fees
Apartment Model: Sage (B3)From $1,8251 Bedroom, 1 Bath, 696 sq ftAvailable Now![]()
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Sage (B3) - Image 10 Apartment Unit: 607Apartment Model: Sage (B3)$1,8251 Bedroom, 1 Bath, 696 sq ftAvailable NowApartment Unit: 307Apartment Model: Sage (B3)$1,8251 Bedroom, 1 Bath, 696 sq ftAvailable NowApartment Unit: 309Apartment Model: Sage (B3)$1,8251 Bedroom, 1 Bath, 696 sq ftAvailable NowLily (B7)
From $1,930
1 Bed, 1 Bath, 701 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,930 Available Now 638 701 $500 $2,000 Available Now 738 701 $500 $1,930 Available Now 338 701 $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
- $1,930 - $2,000
Deposit
- $500 deposit
Unit 638 Amenities and Features
Unique Features
- Park View
Unit 638 Lease Information
Unit Price
- $1,930
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,930 - $2,000Plus Fees
Unit 738 Amenities and Features
Unique Features
- Club Level
Unit 738 Lease Information
Unit Price
- $2,000
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,930 - $2,000Plus Fees
Unit 338 Amenities and Features
Unique Features
- Park View
Unit 338 Lease Information
Unit Price
- $1,930
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,930 - $2,000Plus Fees
Apartment Model: Lily (B7)From $1,9301 Bedroom, 1 Bath, 701 sq ftAvailable Now![]()
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Lily (B7) - Image 10 Apartment Unit: 638Apartment Model: Lily (B7)$1,9301 Bedroom, 1 Bath, 701 sq ftAvailable NowApartment Unit: 738Apartment Model: Lily (B7)$2,0001 Bedroom, 1 Bath, 701 sq ftAvailable NowApartment Unit: 338Apartment Model: Lily (B7)$1,9301 Bedroom, 1 Bath, 701 sq ftAvailable NowCosmo (B4)
From $1,975
1 Bed, 1 Bath, 753 sq ftPlus FeesAvailable NowLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $2,015 Available Now 604 753 $500 $2,015 Available Now 606 753 $500 $1,975 Available Now 404 753 $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 - $2,085
Current Available Pricing
- $1,975 - $2,015 Plus Fees
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 - $2,085Plus Fees
Unit 606 Amenities and Features
Unique Features
- Park View
Unit 606 Lease Information
Unit Price
- $2,015
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $1,975 - $2,085Plus 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 - $2,085Plus Fees
Apartment Model: Cosmo (B4)From $1,9751 Bedroom, 1 Bath, 753 sq ftAvailable Now![]()
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Cosmo (B4) - Image 10 Apartment Unit: 604Apartment Model: Cosmo (B4)$2,0151 Bedroom, 1 Bath, 753 sq ftAvailable NowApartment Unit: 606Apartment Model: Cosmo (B4)$2,0151 Bedroom, 1 Bath, 753 sq ftAvailable NowApartment Unit: 404Apartment Model: Cosmo (B4)$1,9751 Bedroom, 1 Bath, 753 sq ftAvailable Now2 Bedrooms
See MoreDaisy (D2)
$2,650
2 Beds, 2 Baths, 1069 sq ftPlus FeesAvailable NowCheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $2,650 Available Now 300 1069 $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 300 Lease Information
Unit Price
- $2,650
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
- $2,650Plus Fees
Apartment Model: Daisy (D2)$2,6502 Bedroom, 2 Bath, 1069 sq ftAvailable Now![]()
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Daisy (D2) - Image 10 Apartment Unit: 300Apartment Model: Daisy (D2)$2,6502 Bedroom, 2 Bath, 1069 sq ftAvailable NowWisteria (D6)
$2,725
2 Beds, 2 Baths, 1084 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $2,725 Available Now 641 1084 $500 $2,725 Available Now 341 1084 $500 $2,725 Available Now 541 1084 $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
Unit 541 Amenities and Features
Unique Features
- Corner Unit
Unit 541 Lease Information
Unit Price
- $2,725
Deposit
- $500 deposit
Model Lease Information
Price
- $2,725Plus Fees
Apartment Model: Wisteria (D6)From $2,7252 Bedroom, 2 Bath, 1084 sq ftAvailable Now![]()
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Wisteria (D6) - Image 10 Apartment Unit: 641Apartment Model: Wisteria (D6)$2,7252 Bedroom, 2 Bath, 1084 sq ftAvailable NowApartment Unit: 341Apartment Model: Wisteria (D6)$2,7252 Bedroom, 2 Bath, 1084 sq ftAvailable NowApartment Unit: 541Apartment Model: Wisteria (D6)$2,7252 Bedroom, 2 Bath, 1084 sq ftAvailable NowSaffron (D3)
$2,730
2 Beds, 2 Baths, 1067 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $2,730 Available Now 612 1067 $500 $2,730 Available Now 412 1067 $500 $2,730 Available Now 512 1067 $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
- $2,730
Deposit
- $500 deposit
Unit 612 Amenities and Features
Unique Features
- Park View
Unit 612 Lease Information
Unit Price
- $2,730
Deposit
- $500 deposit
Model Lease Information
Price
- $2,730Plus Fees
Unit 412 Amenities and Features
Unique Features
- Park View
Unit 412 Lease Information
Unit Price
- $2,730
Deposit
- $500 deposit
Model Lease Information
Price
- $2,730Plus Fees
Unit 512 Amenities and Features
Unique Features
- Park View
Unit 512 Lease Information
Unit Price
- $2,730
Deposit
- $500 deposit
Model Lease Information
Price
- $2,730Plus Fees
Apartment Model: Saffron (D3)From $2,7302 Bedroom, 2 Bath, 1067 sq ftAvailable Now![]()
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Saffron (D3) - Image 10 Apartment Unit: 612Apartment Model: Saffron (D3)$2,7302 Bedroom, 2 Bath, 1067 sq ftAvailable NowApartment Unit: 412Apartment Model: Saffron (D3)$2,7302 Bedroom, 2 Bath, 1067 sq ftAvailable NowApartment Unit: 512Apartment Model: Saffron (D3)$2,7302 Bedroom, 2 Bath, 1067 sq ftAvailable NowMagnolia (D4)
From $2,890
2 Beds, 2 Baths, 1203 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $2,895 Available Now 625 1203 $500 $2,990 Available Now 320 1203 $500 $2,890 Available Now 325 1203 $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 - $2,990
Deposit
- $500 deposit
Unit 625 Lease Information
Unit Price
- $2,895
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,890 - $2,990Plus Fees
Unit 320 Amenities and Features
Unique Features
- Corner Unit
- Park View
Unit 320 Lease Information
Unit Price
- $2,990
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,890 - $2,990Plus Fees
Unit 325 Lease Information
Unit Price
- $2,890
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,890 - $2,990Plus Fees
Apartment Model: Magnolia (D4)From $2,8902 Bedroom, 2 Bath, 1203 sq ftAvailable Now![]()
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Magnolia (D4) - Image 10 Apartment Unit: 625Apartment Model: Magnolia (D4)$2,8952 Bedroom, 2 Bath, 1203 sq ftAvailable NowApartment Unit: 320Apartment Model: Magnolia (D4)$2,9902 Bedroom, 2 Bath, 1203 sq ftAvailable NowApartment Unit: 325Apartment Model: Magnolia (D4)$2,8902 Bedroom, 2 Bath, 1203 sq ftAvailable NowClove (D7)
From $2,990
2 Beds, 2 Baths, 1239 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $2,990 Available Now 442 1239 $500 $3,025 Available Now 542 1239 $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
Apartment Model: Clove (D7)From $2,9902 Bedroom, 2 Bath, 1239 sq ftAvailable Now![]()
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Clove (D7) - Image 10 Apartment Unit: 442Apartment Model: Clove (D7)$2,9902 Bedroom, 2 Bath, 1239 sq ftAvailable NowApartment Unit: 542Apartment Model: Clove (D7)$3,0252 Bedroom, 2 Bath, 1239 sq ftAvailable NowMoss (Walkout 1)
From $2,995
2 Beds, 1.5 Baths, 1246 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $3,095 Available Now 101 1246 $500 $3,095 Available Now 102 1246 $500 $3,095 Available Now 103 1246 $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 - $3,095
Current Available Pricing
- $3,095Plus Fees
Deposit
- $500 deposit
Unit 101 Amenities and Features
Unique Features
- Walkout
Unit 101 Lease Information
Unit Price
- $3,095
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,995 - $3,095Plus Fees
Unit 102 Amenities and Features
Unique Features
- Walkout
Unit 102 Lease Information
Unit Price
- $3,095
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,995 - $3,095Plus Fees
Unit 103 Amenities and Features
Unique Features
- Walkout
Unit 103 Lease Information
Unit Price
- $3,095
Deposit
- $500 deposit
Model Lease Information
Model Price Range
- $2,995 - $3,095Plus Fees
Apartment Model: Moss (Walkout 1)From $2,9952 Bedroom, 1.5 Bath, 1246 sq ftAvailable Now![]()
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Moss (Walkout 1) - Image 10 Apartment Unit: 101Apartment Model: Moss (Walkout 1)$3,0952 Bedroom, 1.5 Bath, 1246 sq ftAvailable NowApartment Unit: 102Apartment Model: Moss (Walkout 1)$3,0952 Bedroom, 1.5 Bath, 1246 sq ftAvailable NowApartment Unit: 103Apartment Model: Moss (Walkout 1)$3,0952 Bedroom, 1.5 Bath, 1246 sq ftAvailable NowFlora (E2 - Type A)
$2,995
2 Beds, 2 Baths, 1393 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $2,995 Available Now 437 1393 $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
Apartment Model: Flora (E2 - Type A)$2,9952 Bedroom, 2 Bath, 1393 sq ftAvailable Now![]()
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Flora (E2 - Type A) - Image 10 Apartment Unit: 437Apartment Model: Flora (E2 - Type A)$2,9952 Bedroom, 2 Bath, 1393 sq ftAvailable NowHazel (E1)
$3,100
2 Beds, 2 Baths, 1394 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,100 Available Now 637 1394 $500 Unit 637 Amenities and Features
Living Space
- Den
Unit 637 Lease Information
Unit Price
- $3,100
Deposit
- $500 deposit
Model Lease Information
Price
- $3,100Plus Fees
Apartment Model: Hazel (E1)$3,1002 Bedroom, 2 Bath, 1394 sq ftAvailable Now![]()
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Hazel (E1) - Image 10 Apartment Unit: 637Apartment Model: Hazel (E1)$3,1002 Bedroom, 2 Bath, 1394 sq ftAvailable NowThorne (Walkout 2)
$3,145
2 Beds, 2 Baths, 1272 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,145 Available Now 105 1272 $500 Unit 105 Amenities and Features
Unique Features
- Walkout
Unit 105 Lease Information
Unit Price
- $3,145
Deposit
- $500 deposit
Model Lease Information
Price
- $3,145Plus Fees
Apartment Model: Thorne (Walkout 2)$3,1452 Bedroom, 2 Bath, 1272 sq ftAvailable Now![]()
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Thorne (Walkout 2) - Image 10 Apartment Unit: 105Apartment Model: Thorne (Walkout 2)$3,1452 Bedroom, 2 Bath, 1272 sq ftAvailable NowKale (Penthouse 6 - Type A)
$3,150
2 Beds, 2 Baths, 1393 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,150 Available Now 737 1393 $500 Unit 737 Amenities and Features
Living Space
- Den
Unique Features
- Club Level
Unit 737 Lease Information
Unit Price
- $3,150
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
- $3,150Plus Fees
Apartment Model: Kale (Penthouse 6 - Type A)$3,1502 Bedroom, 2 Bath, 1393 sq ftAvailable Now![]()
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Kale (Penthouse 6 - Type A) - Image 10 Apartment Unit: 737Apartment Model: Kale (Penthouse 6 - Type A)$3,1502 Bedroom, 2 Bath, 1393 sq ftAvailable NowIndigo (Penthouse 2)
$3,450
2 Beds, 2 Baths, 1184 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,450 Available Now 707 1184 $500 Unit 707 Amenities and Features
Unique Features
- Club Level
Unit 707 Lease Information
Unit Price
- $3,450
Deposit
- $500 deposit
Model Lease Information
Price
- $3,450Plus Fees
Apartment Model: Indigo (Penthouse 2)$3,4502 Bedroom, 2 Bath, 1184 sq ftAvailable Now![]()
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Indigo (Penthouse 2) - Image 10 Apartment Unit: 707Apartment Model: Indigo (Penthouse 2)$3,4502 Bedroom, 2 Bath, 1184 sq ftAvailable NowDahlia (Parkside Loft)
$3,495
2 Beds, 2 Baths, 1348 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $3,495 Available Now 114 1348 $500 $3,495 Available Now 115 1348 $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
- $3,495
Deposit
- $500 deposit
Unit 114 Lease Information
Unit Price
- $3,495
Deposit
- $500 deposit
Model Lease Information
Price
- $3,495Plus Fees
Unit 115 Lease Information
Unit Price
- $3,495
Deposit
- $500 deposit
Model Lease Information
Price
- $3,495Plus Fees
Apartment Model: Dahlia (Parkside Loft)From $3,4952 Bedroom, 2 Bath, 1348 sq ftAvailable Now![]()
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Dahlia (Parkside Loft) - Image 10 Apartment Unit: 114Apartment Model: Dahlia (Parkside Loft)$3,4952 Bedroom, 2 Bath, 1348 sq ftAvailable NowApartment Unit: 115Apartment Model: Dahlia (Parkside Loft)$3,4952 Bedroom, 2 Bath, 1348 sq ftAvailable NowHawthorn (L/W 1)
$3,500
2 Beds, 2.5 Baths, 1341 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,500 Available Now 113 1341 $500 Unit 113 Amenities and Features
Unique Features
- Live/Work Walkout
Unit 113 Lease Information
Unit Price
- $3,500
Deposit
- $500 deposit
Model Lease Information
Price
- $3,500Plus Fees
Apartment Model: Hawthorn (L/W 1)$3,5002 Bedroom, 2.5 Bath, 1341 sq ftAvailable Now![]()
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Hawthorn (L/W 1) - Image 10 Apartment Unit: 113Apartment Model: Hawthorn (L/W 1)$3,5002 Bedroom, 2.5 Bath, 1341 sq ftAvailable NowLinden (L/W 2)
$3,695
2 Beds, 2.5 Baths, 1508 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,695 Available Now 112 1508 $500 Unit 112 Amenities and Features
Unique Features
- Live/Work Walkout
Unit 112 Lease Information
Unit Price
- $3,695
Deposit
- $500 deposit
Model Lease Information
Price
- $3,695Plus Fees
Apartment Model: Linden (L/W 2)$3,6952 Bedroom, 2.5 Bath, 1508 sq ftAvailable Now![]()
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Linden (L/W 2) - Image 10 Apartment Unit: 112Apartment Model: Linden (L/W 2)$3,6952 Bedroom, 2.5 Bath, 1508 sq ftAvailable NowBlossom (L/W 3)
$3,700
2 Beds, 2.5 Baths, 1480 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,700 Available Now 111 1480 $500 Unit 111 Amenities and Features
Unique Features
- Live/Work Walkout
Unit 111 Lease Information
Unit Price
- $3,700
Deposit
- $500 deposit
Model Lease Information
Price
- $3,700Plus Fees
Apartment Model: Blossom (L/W 3)$3,7002 Bedroom, 2.5 Bath, 1480 sq ftAvailable Now![]()
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Blossom (L/W 3) - Image 10 Apartment Unit: 111Apartment Model: Blossom (L/W 3)$3,7002 Bedroom, 2.5 Bath, 1480 sq ftAvailable NowWillow (L/W 4)
$4,000
2 Beds, 2.5 Baths, 1739 sq ftPlus FeesAvailable NowLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $4,000 Available Now 110 1739 $500 Unit 110 Amenities and Features
Unique Features
- Live/Work Walkout
Unit 110 Lease Information
Unit Price
- $4,000
Deposit
- $500 deposit
Model Lease Information
Price
- $4,000Plus Fees
Apartment Model: Willow (L/W 4)$4,0002 Bedroom, 2.5 Bath, 1739 sq ftAvailable Now![]()
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Willow (L/W 4) - Image 10 Apartment Unit: 110Apartment Model: Willow (L/W 4)$4,0002 Bedroom, 2.5 Bath, 1739 sq ftAvailable Now3 Bedrooms
Aster (Walkout 3 - Type A)
$3,195
3 Beds, 2 Baths, 1388 sq ftPlus FeesAvailable NowCheapest 3 BedroomThis is the cheapest 3 Bedroom at this PropertyModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit $3,195 Available Now 104 1388 $500 Unit 104 Amenities and Features
Unique Features
- Walkout
Unit 104 Lease Information
Unit Price
- $3,195
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
- $3,195Plus Fees
Apartment Model: Aster (Walkout 3 - Type A)$3,1953 Bedroom, 2 Bath, 1388 sq ftAvailable Now![]()
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Aster (Walkout 3 - Type A) - Image 10 Apartment Unit: 104Apartment Model: Aster (Walkout 3 - Type A)$3,1953 Bedroom, 2 Bath, 1388 sq ftAvailable NowLinnea (F2)
$3,795
3 Beds, 2 Baths, 1280 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $3,795 Available Now 636 1280 $500 $3,795 Available Now 336 1280 $500 $3,795 Available Now 436 1280 $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
- $3,795
Deposit
- $500 deposit
Unit 636 Amenities and Features
Unique Features
- Corner Unit
- Park View
Unit 636 Lease Information
Unit Price
- $3,795
Deposit
- $500 deposit
Model Lease Information
Price
- $3,795Plus Fees
Unit 336 Amenities and Features
Unique Features
- Corner Unit
- Park View
Unit 336 Lease Information
Unit Price
- $3,795
Deposit
- $500 deposit
Model Lease Information
Price
- $3,795Plus Fees
Unit 436 Amenities and Features
Unique Features
- Corner Unit
- Park View
Unit 436 Lease Information
Unit Price
- $3,795
Deposit
- $500 deposit
Model Lease Information
Price
- $3,795Plus Fees
Apartment Model: Linnea (F2)From $3,7953 Bedroom, 2 Bath, 1280 sq ftAvailable Now![]()
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Linnea (F2) - Image 10 Apartment Unit: 636Apartment Model: Linnea (F2)$3,7953 Bedroom, 2 Bath, 1280 sq ftAvailable NowApartment Unit: 336Apartment Model: Linnea (F2)$3,7953 Bedroom, 2 Bath, 1280 sq ftAvailable NowApartment Unit: 436Apartment Model: Linnea (F2)$3,7953 Bedroom, 2 Bath, 1280 sq ftAvailable NowJuniper (F1)
$3,875
3 Beds, 2 Baths, 1375 sq ftPlus FeesAvailable NowModel Gallery
Photos
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $3,875 Available Now 405 1375 $500 $3,875 Available Now 505 1375 $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
- $3,875
Deposit
- $500 deposit
Unit 405 Amenities and Features
Unique Features
- Corner Unit
- River View
Unit 405 Lease Information
Unit Price
- $3,875
Deposit
- $500 deposit
Model Lease Information
Price
- $3,875Plus Fees
Unit 505 Amenities and Features
Unique Features
- Corner Unit
- River View
Unit 505 Lease Information
Unit Price
- $3,875
Deposit
- $500 deposit
Model Lease Information
Price
- $3,875Plus Fees
Apartment Model: Juniper (F1)From $3,8753 Bedroom, 2 Bath, 1375 sq ftAvailable Now![]()
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Juniper (F1) - Image 10 Apartment Unit: 405Apartment Model: Juniper (F1)$3,8753 Bedroom, 2 Bath, 1375 sq ftAvailable NowApartment Unit: 505Apartment Model: Juniper (F1)$3,8753 Bedroom, 2 Bath, 1375 sq ftAvailable 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. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.
Schedule a Tour
Call us at: (507) 516-6129 to schedule a tour.
3D Tours
2BR, 2BA - 1,203SF
Clubroom/Sports Simulator
Lobby
Lobby
Fitness Center
Clubroom/Sports Simulator
Sky lounge
2BR, 2BA - 1,203SF
1BR, 1BA - 707SF
3D Tour
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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
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
Map
705 1st Ave SW, Rochester, MN 55902
- Shopping
- Colleges
- Schools
- Medical
Map
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 $4,000
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: Limited-Time Offer!~~Live rent FREE until July 1, 2026, when you move in by May 31, 2026.
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Esthetics dont equal quality
April 3, 2026The 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 hereProperty Manager Responded
April 10, 2026We’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.
Review from Apartments.com
New Building Right Downtown
December 23, 2025New construction in prime location with all the amenities we could need. Paige was knowledgeable and friendly. I recommend.Review from Apartments.com
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
First & Banks has 5 shopping centers within 1.2 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rochester Studio Apartments | $1,480 | $875 | $7,270 |
| Rochester 1 Bedroom Apartments | $1,645 | $760 | $2,705 |
| Rochester 2 Bedroom Apartments | $2,043 | $850 | $4,000 |
| Rochester 3 Bedroom Apartments | $2,382 | $1,020 | $5,388 |
| Rochester 4 Bedroom Apartments | $3,639 | $1,950 | $4,168 |
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- Rochester Student Apartments
- Rochester Apartments with Utilities Included
Viewing: First & Banks | Desktop Version | Listing Updated: 05/04/2026 | AHLDIA
Additional Underground Parking: $225 Per Month.