$1,390 - $2,750
Studio 1 ba498 sqft
Silver Lake Crossing
For rent
First & Banks
705 1st Ave SW, Rochester, MN 55902
Apartment building
Studio-3 beds
Pet-friendly
In-unit laundry (W/D)
Available units
Price may not include required fees and charges
Price may not include required fees and charges.
Unit , sortable column | Sqft, sortable column | Available, sortable column | Base rent, sorted ascending |
|---|---|---|---|
 | 507 | Jan 2 | $1,500 |
 | 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,525 |
| 532 | Jan 2 | $1,560 |
| 532 | Jan 2 | $1,560 |
| 532 | Jan 2 | $1,560 |
| 532 | Jan 2 | $1,560 |
What's special
Quartz countertopsIn-home washer and dryerSophisticated spacesTile backsplashOpen-concept contemporary kitchensWood-inspired flooringThree rooftop decks
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
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Facts, features & policies
Building Amenities
Other
- In Unit: ["Washer", "Dryer"]
View description
- Park View
- River View
Unit Features
Appliances
- Dryer: ["Washer", "Dryer"]
- Washer: ["Washer", "Dryer"]
Other
- Club Level
- Corner Unit
- Den
- Live/work Walkout
- Walkout
Policies
Pet essentials
- DogsAllowedSmall and large OK
- CatsAllowed
Neighborhood: Historic Southwest
- Medical HubCentral access to hospitals, clinics, and comprehensive healthcare.Historic AreaRich history reflected in architecture, landmarks, and charming old-town character.Green SpacesScenic trails and gardens with private, less-crowded natural escapes.Dining SceneFrom casual bites to fine dining, a haven for food lovers.
Set on Rochester’s southwest bluffs and along the Zumbro River, 55902 blends historic charm with everyday convenience and four true seasons—snowy winters for cozy indoor gatherings, vibrant springs, warm summers on riverfront trails, and colorful falls. You’ll find the Pill Hill historic district, Mayowood Mansion, and the Plummer House, plus easy access to downtown and the Mayo Clinic campus, Apache Mall shopping, Hy-Vee and People’s Food Co-op, local coffee staples like Cafe Steam and Fiddlehead, and date-night favorites such as Terza and Pescara. Soldiers Field Park and its golf course anchor plentiful green space, with biking and walking on the Zumbro River and Bear Creek trails; pups and strollers are a common sight. Studios and gyms cluster along South Broadway, and weekends bring farmers markets, gallery events, and low-key live music. Recent Zillow market trends show median asking rents hovering around the mid–$1,500s, with most listings spanning roughly the low $1,200s to the upper $1,900s depending on size and finishes. The vibe is friendly and relaxed, with many medical professionals, families, and outdoor lovers enjoying quiet streets and quick highway access.
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Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Nearby schools in Rochester
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 3.1 mi
- 9/10Mayo Senior High SchoolGrades: 8-12Distance: 1.3 mi
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.
Does First & Banks have in-unit laundry?
Yes, First & Banks has in-unit laundry for some or all of the units.
What neighborhood is First & Banks in?
First & Banks is in the Historic Southwest neighborhood in Rochester, MN.
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