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    Special offer

    First & Banks

    705 1st Ave SW, Rochester, MN 55902

    Information
  • Special offer! Receive a $2,500 rent credit when you move in by July 31, 2026. Contact us for details on this limited time offer.
    Expires July 31, 2026
  • Apartment building
    Studio-3 beds
    Pet-friendly
    Covered parking
    In-unit washer

    Available units

    Price may not include required fees and charges.
    Unit
    , sortable column
    Sqft, sortable columnAvailable, sortable columnBase rent, sorted ascending
    Unit 314
    Studio, 1 ba
    532
    Jul 23
    $1,625
    Unit 427
    1 bd, 1 ba
    707
    Now
    $1,790
    Unit 529
    Studio, 1 ba
    711
    Now
    $1,795
    Unit 402
    Studio, 1 ba
    711
    Now
    $1,795
    Unit 313
    1 bd, 1 ba
    707
    Now
    $1,799
    Unit 617
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 513
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 423
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 613
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 631
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 315
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 317
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 433
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 527
    1 bd, 1 ba
    707
    Now
    $1,825
    Unit 621
    1 bd, 1 ba
    707
    Now
    $1,825

    What's special

    Swimming pool
    Cool down on hot days
    This building features access to a pool. Less than 13% of buildings in Rochester have this amenity.
    Quartz countertopsIn-home washer and dryerSophisticated spacesTile backsplashOpen-concept contemporary kitchensThree rooftop decksFilled with natural lightWood-inspired flooring
    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.

    Property map

    Tap on any highlighted unit to view details on availability and pricing

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    Facts, features & policies

    Building Amenities

    Community Rooms
    • Business Center
    • Fitness Center
    • Lounge: Sky Lounge (exclusive)
    • Pet Washing Station
    Fitness & sports
    • Tennis Court
    Other
    • Swimming Pool: Pool Spa
    Outdoor common areas
    • Barbecue: Community Grilling Station
    • Deck: Amenity Deck
    Services & facilities
    • Bicycle Storage: Bike Storage
    View description
    • Park View
    • River View

    Unit Features

    Appliances
    • Washer: ["washer", "dryer"]
    Other
    • Club Level
    • Corner Unit
    • Den
    • Live/work Walkout
    • Walkout

    Policies

    Parking
    • Covered Parking: Covered Parking (heated)
    Pet essentials
    Skip to the end of the carousel
    • DogsAllowed
      Small and large OK
    • CatsAllowed
    Skip to the beginning of the carousel

    Special Features

    • 24/7 Mini Mart
    • Clubroom
    • Community Kitchen
    • Complimentary Coffee/espresso Bar
    • Courtyard
    • Crafting Room
    • Interactive Sports Simulator
    • Pool Table
    • Trash Chutes
    • Yoga Studio

    Neighborhood: Historic Southwest

    Areas of interest

    Use our interactive map to explore the neighborhood and see how it matches your interests.

    Travel times

    Walk, Transit & Bike Scores

     / 100
    Very Walkable
     / 100
    Very Bikeable

    Nearby schools in Rochester

    GreatSchools rating
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    Frequently asked questions

    What is the walk score of First & Banks?

    First & Banks has a walk score of 80, it's very walkable.

    What schools are assigned to First & Banks?

    The schools assigned to First & Banks include Folwell Elementary School, John Adams Middle School, and Mayo Senior High School.

    What neighborhood is First & Banks in?

    First & Banks is in the Historic Southwest neighborhood in Rochester, MN.

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