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  • First & Banks

    705 1st Ave SW, Rochester, MN 55902

    Apartment building
    Studio-3 beds
    Pet-friendly
    In-unit dryer

    What’s available

    Price may not include required fees and charges.
    Studio, 1 ba
    $1,500
    507 sqft

    1 unit available Dec 3

    Studio, 1 ba
    $1,525-1,675
    532 sqft

    20 units available Dec 3

    Price: $1,525Available: Available Dec 3 2025Unit: Unit 439
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 539
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 639
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 314
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 319
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 339
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 519
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 419
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 318
    Price: $1,525Available: Available Dec 3 2025Unit: Unit 619
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 622
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 614
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 514
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 422
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 414
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 522
    Price: $1,560Available: Available Dec 3 2025Unit: Unit 322
    Price: $1,675Available: Available Dec 3 2025Unit: Unit 739
    Price: $1,675Available: Available Dec 3 2025Unit: Unit 722
    Price: $1,675Available: Available Dec 3 2025Unit: Unit 714
    1 bd, 1 ba
    $1,775
    642 sqft

    4 units available Dec 3

    Price: $1,775Available: Available Dec 3 2025Unit: Unit 603
    Price: $1,775Available: Available Dec 3 2025Unit: Unit 403
    Price: $1,775Available: Available Dec 3 2025Unit: Unit 503
    Price: $1,775Available: Available Dec 3 2025Unit: Unit 303
    1 bd, 1 ba
    $1,865-1,900
    696 sqft

    16 units available Dec 3

    Price: $1,865Available: Available Dec 3 2025Unit: Unit 407
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 607
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 309
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 409
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 307
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 609
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 509
    Price: $1,865Available: Available Dec 3 2025Unit: Unit 507
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 334
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 532
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 432
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 434
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 534
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 632
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 332
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 634
    1 bd, 1 ba
    $1,890-2,040
    707 sqft

    62 units available Dec 3

    Price: $1,890Available: Available Dec 3 2025Unit: Unit 518
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 333
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 513
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 535
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 635
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 613
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 631
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 413
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 433
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 621
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 418
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 415
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 435
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 633
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 431
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 533
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 335
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 321
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 517
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 521
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 417
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 617
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 423
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 331
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 315
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 317
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 627
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 531
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 421
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 515
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 615
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 618
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 313
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 523
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 323
    Price: $1,890Available: Available Dec 3 2025Unit: Unit 427
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 430
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 626
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 640
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 628
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 330
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 630
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 540
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 326
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 440
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 428
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 526
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 426
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 340
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 328
    Price: $1,925Available: Available Dec 3 2025Unit: Unit 530
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 726
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 727
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 740
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 728
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 731
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 730
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 735
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 718
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 721
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 723
    Price: $2,040Available: Available Dec 3 2025Unit: Unit 733
    1 bd, 1 ba
    $1,895-2,070
    701 sqft

    6 units available Dec 3

    Price: $1,895Available: Available Dec 3 2025Unit: Unit 623
    Price: $1,955Available: Available Dec 3 2025Unit: Unit 638
    Price: $1,955Available: Available Dec 3 2025Unit: Unit 538
    Price: $1,955Available: Available Dec 3 2025Unit: Unit 338
    Price: $1,955Available: Available Dec 3 2025Unit: Unit 438
    Price: $2,070Available: Available Dec 3 2025Unit: Unit 738
    1 bd, 1 ba
    $1,900-2,050
    711 sqft

    14 units available Dec 3

    Price: $1,900Available: Available Dec 3 2025Unit: Unit 316
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 402
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 602
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 429
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 502
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 616
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 329
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 302
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 629
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 416
    Price: $1,900Available: Available Dec 3 2025Unit: Unit 516
    Price: $2,050Available: Available Dec 3 2025Unit: Unit 729
    Price: $2,050Available: Available Dec 3 2025Unit: Unit 702
    Price: $2,050Available: Available Dec 3 2025Unit: Unit 716
    1 bd, 1 ba
    $1,975
    772 sqft

    3 units available Dec 3

    Price: $1,975Available: Available Dec 3 2025Unit: Unit 311
    Price: $1,975Available: Available Dec 3 2025Unit: Unit 511
    Price: $1,975Available: Available Dec 3 2025Unit: Unit 611
    1 bd, 1 ba
    $1,980-2,095
    753 sqft

    16 units available Dec 3

    Price: $1,980Available: Available Dec 3 2025Unit: Unit 608
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 408
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 610
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 410
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 406
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 404
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 510
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 604
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 504
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 606
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 506
    Price: $1,980Available: Available Dec 3 2025Unit: Unit 508
    Price: $2,095Available: Available Dec 3 2025Unit: Unit 706
    Price: $2,095Available: Available Dec 3 2025Unit: Unit 708
    Price: $2,095Available: Available Dec 3 2025Unit: Unit 710
    Price: $2,095Available: Available Dec 3 2025Unit: Unit 704
    1 bd, 1 ba
    $1,985
    671 sqft

    1 unit available Dec 3

    1 bd, 1 ba
    $2,135-2,250
    905 sqft

    4 units available Dec 3

    Price: $2,135Available: Available Dec 3 2025Unit: Unit 524
    Price: $2,135Available: Available Dec 3 2025Unit: Unit 424
    Price: $2,135Available: Available Dec 3 2025Unit: Unit 324
    Price: $2,250Available: Available Dec 3 2025Unit: Unit 724
    2 bd, 2 ba
    $2,625-2,650
    1,056 sqft

    4 units available Dec 3

    Price: $2,625Available: Available Dec 3 2025Unit: Unit 301
    Price: $2,650Available: Available Dec 3 2025Unit: Unit 401
    Price: $2,650Available: Available Dec 3 2025Unit: Unit 501
    Price: $2,650Available: Available Dec 3 2025Unit: Unit 601
    2 bd, 2 ba
    $2,650-2,800
    1,069 sqft

    5 units available Dec 3

    Price: $2,650Available: Available Dec 3 2025Unit: Unit 300
    Price: $2,710Available: Available Dec 3 2025Unit: Unit 400
    Price: $2,710Available: Available Dec 3 2025Unit: Unit 500
    Price: $2,710Available: Available Dec 3 2025Unit: Unit 600
    Price: $2,800Available: Available Dec 3 2025Unit: Unit 700
    2 bd, 2 ba
    $2,685-2,800
    1,067 sqft

    4 units available Dec 3

    Price: $2,685Available: Available Dec 3 2025Unit: Unit 412
    Price: $2,685Available: Available Dec 3 2025Unit: Unit 512
    Price: $2,685Available: Available Dec 3 2025Unit: Unit 612
    Price: $2,800Available: Available Dec 3 2025Unit: Unit 712
    2 bd, 2 ba
    $2,700-2,825
    1,084 sqft

    5 units available Dec 3

    Price: $2,700Available: Available Dec 3 2025Unit: Unit 641
    Price: $2,700Available: Available Dec 3 2025Unit: Unit 341
    Price: $2,700Available: Available Dec 3 2025Unit: Unit 441
    Price: $2,700Available: Available Dec 3 2025Unit: Unit 541
    Price: $2,825Available: Available Dec 3 2025Unit: Unit 741
    2 bd, 2 ba
    $2,895-3,045
    1,203 sqft

    10 units available Dec 3

    Price: $2,895Available: Available Dec 3 2025Unit: Unit 325
    Price: $2,895Available: Available Dec 3 2025Unit: Unit 525
    Price: $2,895Available: Available Dec 3 2025Unit: Unit 625
    Price: $2,895Available: Available Dec 3 2025Unit: Unit 425
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 520
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 620
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 320
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 420
    Price: $3,045Available: Available Dec 3 2025Unit: Unit 725
    Price: $3,045Available: Available Dec 3 2025Unit: Unit 720
    2 bd, 2 ba
    $2,955-3,045
    1,239 sqft

    5 units available Dec 3

    Price: $2,955Available: Available Dec 3 2025Unit: Unit 642
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 342
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 542
    Price: $2,955Available: Available Dec 3 2025Unit: Unit 442
    Price: $3,045Available: Available Dec 3 2025Unit: Unit 742
    2 bd, 2 ba
    $2,995
    1,348 sqft

    2 units available Dec 3

    Price: $2,995Available: Available Dec 3 2025Unit: Unit 115
    Price: $2,995Available: Available Dec 3 2025Unit: Unit 114
    1 Photo
    2 bd, 2 ba
    $2,995
    1,394 sqft

    3 units available Dec 3

    Price: $2,995Available: Available Dec 3 2025Unit: Unit 337
    Price: $2,995Available: Available Dec 3 2025Unit: Unit 637
    Price: $2,995Available: Available Dec 3 2025Unit: Unit 537
    2 bd, 2 ba
    $3,050-3,450
    1,393 sqft

    2 units available Dec 3

    Price: $3,050Available: Available Dec 3 2025Unit: Unit 437
    Price: $3,450Available: Available Dec 3 2025Unit: Unit 737
    2 bd, 1.5 ba
    $3,095
    1,246 sqft

    7 units available Dec 3

    Price: $3,095Available: Available Dec 3 2025Unit: Unit 103
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 109
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 102
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 107
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 108
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 106
    Price: $3,095Available: Available Dec 3 2025Unit: Unit 101
    1 Photo
    2 bd, 2 ba
    $3,145
    1,272 sqft

    1 unit available Dec 3

    1 Photo
    2 bd, 2 ba
    $3,250
    1,088 sqft

    1 unit available Dec 3

    2 bd, 2 ba
    $3,250
    1,096 sqft

    1 unit available Dec 3

    2 bd, 2.5 ba
    $3,295
    1,341 sqft

    1 unit available Dec 3

    1 Photo

    What's special

    Quartz countertopsSophisticated spacesIn-home washer and dryerTile backsplashOpen-concept contemporary kitchensWood-inspired flooringThree rooftop decks
    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 ($75 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.

    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

    Pets
    Large dogs
    • Allowed
    Small dogs
    • Allowed
    Cats
    • Allowed

    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

    80 / 100
    Very Walkable
    82 / 100
    Very Bikeable

    Nearby schools in Rochester

    GreatSchools rating

    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.

    Contact information unavailableThis property can’t be contacted on Zillow right now. Check out nearby apartments for rent to see more options in the area.
    Building Photo