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First & Banks

705 1st Ave SW, Rochester, MN 55902

$1,625 - $4,000
Studio - 3
Beds
1 - 2.5
Baths
Doesn't include required deposits and fees
Special offer! Live rent FREE until July 1, 2026, when you move in by May 31, 2026

Highlights

  • Apartment Building
  • Cats and dogs allowed
  • In-unit washer / dryer
  • Deck
  • Pool
  • Gym
  • Updated 14 hours ago

Apartment floor plans

MatchesStudio1 Bed2 Beds3+ Beds
Studio
1 bath532 sqft
Rent / mo
Available
Unit
$1,625
Now
439
$1,705
Now
414
$1,705
Now
514
$1,775
Now
722
$1,775
Now
739
Studio
1 bath711 sqft
Rent / mo
Available
Unit
$1,795
Now
516
$1,795
Now
529
$1,795
Now
629
$1,795
Now
329
$1,795
Now
402
1 bed
1 bath707 sqft
Rent / mo
Available
Unit
$1,790
Now
427
$1,795
Now
431
$1,825
Now
615
$1,825
Now
617
$1,825
Now
621
1 bed
1 bath696 sqft
Rent / mo
Available
Unit
$1,825
Now
307
$1,825
Now
309
$1,825
Now
407
$1,825
Now
509
$1,825
Now
607

Commute

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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.

Apartment amenities

Property amenities
  • 24/7 Mini Mart
  • Barbecue
  • Bicycle Storage
  • Building Deposit Fee Maximum: 500
  • Building Deposit Fee Minimum: 500
  • Business Center
  • Clubroom
  • Community Kitchen
  • Complimentary Coffee/Espresso Bar
  • Courtyard
  • Covered Parking (Heated)
  • Crafting Room
  • Deck
  • Dryer
  • Fitness Center
  • Interactive Sports Simulator
  • Laundry: In Unit
  • Lounge
  • Pet Spa
  • Pet Washing Station
  • Pool Table
  • Swimming Pool
  • Tennis Court
  • Trash Chutes
  • View Type: Park View
  • View Type: River View
  • Washer
  • Yoga Studio
Unit amenities
  • Club Level
  • Corner Unit
  • Den
  • Live/Work Walkout
  • Walkout

    Pet policy

    Cats allowed
      Dogs allowed
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        Frequently asked questions

        How many apartment units are available and what are their rents?

        • There are 14 studio apartments available starting at $1,625
        • There are 69 one-bedroom apartments available starting at $1,790
        • There are 31 two-bedroom apartments available starting at $2,650
        • There are 7 three-bedroom apartments available starting at $3,195

        What is the apartment building's pet policy?

        There are cats and dogs allowed at First & Banks. Please contact the property manager for up to date pet policy and fee information.

        Is there laundry in the building?

        This building offers in unit laundry.

        Does the building offer parking?

        For up to date tenant parking information, please contact First & Banks.

        What Rochester neighborhood is First & Banks in?

        Your new apartment would be located in the Historic Southwest neighborhood.

        What school district is this building in?

        First & Banks is within the Rochester Public School District. Check out the additional Nearby Schools for more boundary details.

        When was this listing last updated?

        The property manager updated this rental listing 14 hours, 36 minutes ago.