• First & Banks - First & Banks

First & Banks

705 1st Ave SW, Rochester, MN 55902

Floor Plan Summary
Plus Fees Bedrooms Bathrooms
$1,425 - $4,000 Studio - 3 1 - 2.5
12 Month Lease

Limited-Time Offer!

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

Pricing and Floor Plans

Rhodes (A1)

$1,545 - $1,745
Studio, 1 Bath
532 Sq. Ft.

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15 Rentals Available
Unit
Price
Sq. Ft.
Available
639
$1,595
532
Now
614
$1,655
532
Now
739
$1,745
532
Now

Reed (B2)

$1,775 - $1,995
Studio, 1 Bath
711 Sq. Ft.

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14 Rentals Available
Unit
Price
Sq. Ft.
Available
602
$1,845
711
Now
629
$1,845
711
Now
702
$1,995
711
Now

Yarrow (A2 - Type A)

$1,425
Studio, 1 Bath
507 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
327
$1,425
507
Now

Briar (B5)

$1,795 - $1,990
1 Bed, 1 Bath
707 Sq. Ft.

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59 Rentals Available
Unit
Price
Sq. Ft.
Available
627
$1,840
707
Now
613
$1,840
707
Now
615
$1,840
707
Now

Sage (B3)

$1,865 - $1,925
1 Bed, 1 Bath
696 Sq. Ft.

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16 Rentals Available
Unit
Price
Sq. Ft.
Available
607
$1,865
696
Now
609
$1,865
696
Now
632
$1,925
696
Now

Cosmo (B4)

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

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15 Rentals Available
Unit
Price
Sq. Ft.
Available
604
$1,995
753
Now
606
$1,995
753
Now
608
$1,995
753
Now

Lily (B7)

$1,980 - $2,070
1 Bed, 1 Bath
701 Sq. Ft.

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5 Rentals Available
Unit
Price
Sq. Ft.
Available
638
$1,980
701
Now
738
$2,070
701
Now
538
$1,980
701
Now

Fern (B1)

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

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
503
$1,825
642
Now
403
$1,825
642
Now

Poppy (C2)

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

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2 Rentals Available
Unit
Price
Sq. Ft.
Available
611
$1,995
772
Now
411
$1,995
772
Now

Magnolia (D4)

$2,890 - $3,045
2 Beds, 2 Baths
1,203 Sq. Ft.

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7 Rentals Available
Unit
Price
Sq. Ft.
Available
625
$2,895
1,203
Now
725
$3,045
1,203
Now
325
$2,890
1,203
Now

Moss (Walkout 1)

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

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7 Rentals Available
Unit
Price
Sq. Ft.
Available
101
$3,095
1,246
Now
102
$3,095
1,246
Now
103
$3,095
1,246
Now

Wisteria (D6)

$2,725 - $2,825
2 Beds, 2 Baths
1,084 Sq. Ft.

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5 Rentals Available
Unit
Price
Sq. Ft.
Available
641
$2,725
1,084
Now
741
$2,825
1,084
Now
341
$2,725
1,084
Now

Clove (D7)

$3,005 - $3,045
2 Beds, 2 Baths
1,239 Sq. Ft.

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5 Rentals Available
Unit
Price
Sq. Ft.
Available
642
$3,005
1,239
Now
742
$3,045
1,239
Now
342
$3,005
1,239
Now

Iris (D1)

$2,625 - $2,675
2 Beds, 2 Baths
1,056 Sq. Ft.

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3 Rentals Available
Unit
Price
Sq. Ft.
Available
301
$2,625
1,056
Now
401
$2,675
1,056
Now
501
$2,675
1,056
Now

Daisy (D2)

$2,650 - $2,760
2 Beds, 2 Baths
1,069 Sq. Ft.

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3 Rentals Available
Unit
Price
Sq. Ft.
Available
300
$2,650
1,069
Now
400
$2,760
1,069
Now
500
$2,760
1,069
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

Hazel (E1)

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

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3 Rentals Available
Unit
Price
Sq. Ft.
Available
637
$3,100
1,394
Now
337
$3,100
1,394
Now
537
$3,100
1,394
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

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

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

Rue (Penthouse 3)

$3,250
2 Beds, 2 Baths
1,088 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
717
$3,250
1,088
Now

Bramble (Penthouse 5)

$3,250
2 Beds, 2 Baths
1,096 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
713
$3,250
1,096
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

Basil (Penthouse 4)

$3,650
2 Beds, 2 Baths
1,209 Sq. Ft.

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1 Rental Available
Unit
Price
Sq. Ft.
Available
736
$3,650
1,209
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.

Map of First & Banks

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The Closest Campus to First & Banks is University Of Minnesota-Rochester

Nearby Colleges and Universities

School

Commute Time (Distance)

Univ. Of Minn.-Rochester

Walk: 10 min (0.5 mi)

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
    N/A

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

Property Highlights

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.

  • Bike Storage
  • Clubroom
  • Pet Friendly
  • Club Level
  • Crafting Room
  • Live/Work Walkout
  • Pet Spa
  • Pool Spa
  • Walkout
  • Amenity Deck

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

Area Scores

Walk Score ®

Very Walkable80 / 100

Bike Score ®

Very Bikeable82 / 100

Scores provided by

Soundscore

Active74 / 100

Scores provided by
HowLoud

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.

Property Details

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 Rochester, MN in the 55902 zip code.

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

5

1 Rating & Review

How Is This Rating Determined?

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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