Starting at $1,425 / month
Plus Fees
First & Banks 705 1st Ave SW Rochester, MN 55902 Historic Southwest Neighborhood
Studio-3 Beds
1-2.5 Baths
507+ Sq Ft

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.

Listing Provided By

Pricing and Floor Plans

The total monthly price shown includes only the required fees. Additional fees may still apply to your rent. Use the rental calculator to estimate all potential associated costs.

Studio

Yarrow (A2 - Type A)

$1,425 Plus Fees

Studio, 1 Bath, 507 Sq Ft

$500 deposit

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Yarrow (A2 - Type A) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
327 $1,425 507 Now

Rhodes (A1)

$1,545 - $1,745 Plus Fees

Studio, 1 Bath, 532 Sq Ft

$500 deposit

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Rhodes (A1) Floor Plan
15 Available Units
Unit Price Sq Ft Availability
314 $1,545 532 Now
639 $1,595 532 Now
539 $1,595 532 Now
439 $1,595 532 Now
318 $1,595 532 Now
419 $1,595 532 Now
614 $1,655 532 Now
522 $1,655 532 Now
514 $1,655 532 Now
322 $1,655 532 Now
422 $1,655 532 Now
414 $1,655 532 Now
714 $1,745 532 Now
722 $1,745 532 Now
739 $1,745 532 Now

Reed (B2)

$1,775 - $1,995 Plus Fees

Studio, 1 Bath, 711 Sq Ft

$500 deposit

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Reed (B2) Floor Plan
14 Available Units
Unit Price Sq Ft Availability
302 $1,775 711 Now
316 $1,775 711 Now
329 $1,845 711 Now
402 $1,845 711 Now
416 $1,845 711 Now
429 $1,845 711 Now
502 $1,845 711 Now
516 $1,845 711 Now
529 $1,845 711 Now
602 $1,845 711 Now
629 $1,845 711 Now
702 $1,995 711 Now
716 $1,995 711 Now
729 $1,995 711 Now

1 Bedroom

Briar (B5)

$1,795 - $1,990 Plus Fees

1 Bed, 1 Bath, 707 Sq Ft

$500 deposit

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Briar (B5) Floor Plan
59 Available Units
Unit Price Sq Ft Availability
333 $1,795 707 Now
513 $1,840 707 Now
515 $1,840 707 Now
517 $1,840 707 Now
518 $1,840 707 Now
521 $1,840 707 Now
523 $1,840 707 Now
531 $1,840 707 Now
533 $1,840 707 Now
535 $1,840 707 Now
613 $1,840 707 Now
615 $1,840 707 Now
527 $1,840 707 Now
617 $1,840 707 Now
627 $1,840 707 Now
631 $1,840 707 Now
633 $1,840 707 Now
635 $1,840 707 Now
321 $1,850 707 Now
323 $1,850 707 Now
331 $1,850 707 Now
335 $1,850 707 Now
413 $1,850 707 Now
415 $1,850 707 Now
417 $1,850 707 Now
418 $1,850 707 Now
317 $1,850 707 Now
421 $1,850 707 Now
423 $1,850 707 Now
427 $1,850 707 Now
431 $1,850 707 Now
433 $1,850 707 Now
435 $1,850 707 Now
313 $1,850 707 Now
315 $1,850 707 Now
528 $1,900 707 Now
530 $1,900 707 Now
540 $1,900 707 Now
526 $1,900 707 Now
626 $1,900 707 Now
628 $1,900 707 Now
630 $1,900 707 Now
640 $1,900 707 Now
326 $1,910 707 Now
328 $1,910 707 Now
330 $1,910 707 Now
340 $1,910 707 Now
426 $1,910 707 Now
428 $1,910 707 Now
430 $1,910 707 Now
440 $1,910 707 Now
721 $1,990 707 Now
723 $1,990 707 Now
727 $1,990 707 Now
728 $1,990 707 Now
730 $1,990 707 Now
731 $1,990 707 Now
733 $1,990 707 Now
735 $1,990 707 Now

Fern (B1)

$1,825 Plus Fees

1 Bed, 1 Bath, 642 Sq Ft

$500 deposit

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Fern (B1) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
403 $1,825 642 Now
503 $1,825 642 Now

Sage (B3)

$1,865 - $1,925 Plus Fees

1 Bed, 1 Bath, 696 Sq Ft

$500 deposit

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Sage (B3) Floor Plan
16 Available Units
Unit Price Sq Ft Availability
407 $1,865 696 Now
409 $1,865 696 Now
507 $1,865 696 Now
509 $1,865 696 Now
607 $1,865 696 Now
609 $1,865 696 Now
309 $1,865 696 Now
307 $1,865 696 Now
332 $1,925 696 Now
334 $1,925 696 Now
432 $1,925 696 Now
434 $1,925 696 Now
532 $1,925 696 Now
534 $1,925 696 Now
632 $1,925 696 Now
634 $1,925 696 Now

Lily (B7)

$1,980 - $2,070 Plus Fees

1 Bed, 1 Bath, 701 Sq Ft

$500 deposit

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Lily (B7) Floor Plan
5 Available Units
Unit Price Sq Ft Availability
338 $1,980 701 Now
438 $1,980 701 Now
538 $1,980 701 Now
638 $1,980 701 Now
738 $2,070 701 Now

Cosmo (B4)

$1,995 - $2,085 Plus Fees

1 Bed, 1 Bath, 753 Sq Ft

$500 deposit

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Cosmo (B4) Floor Plan
15 Available Units
Unit Price Sq Ft Availability
404 $1,995 753 Now
406 $1,995 753 Now
408 $1,995 753 Now
410 $1,995 753 Now
504 $1,995 753 Now
506 $1,995 753 Now
508 $1,995 753 Now
510 $1,995 753 Now
604 $1,995 753 Now
606 $1,995 753 Now
608 $1,995 753 Now
610 $1,995 753 Now
706 $2,085 753 Now
708 $2,085 753 Now
710 $2,085 753 Now

Poppy (C2)

$1,995 Plus Fees

1 Bed, 1 Bath, 772 Sq Ft

$500 deposit

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Poppy (C2) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
411 $1,995 772 Now
611 $1,995 772 Now

Calla (C1)

$2,255 Plus Fees

1 Bed, 1 Bath, 905 Sq Ft

$500 deposit

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Calla (C1) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
424 $2,255 905 Now
524 $2,255 905 Now

2 Bedrooms

Iris (D1)

$2,625 - $2,675 Plus Fees

2 Beds, 2 Baths, 1,056 Sq Ft

$500 deposit

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Iris (D1) Floor Plan
3 Available Units
Unit Price Sq Ft Availability
301 $2,625 1,056 Now
401 $2,675 1,056 Now
501 $2,675 1,056 Now

Daisy (D2)

$2,650 - $2,760 Plus Fees

2 Beds, 2 Baths, 1,069 Sq Ft

$500 deposit

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Daisy (D2) Floor Plan
4 Available Units
Unit Price Sq Ft Availability
300 $2,650 1,069 Now
400 $2,760 1,069 Now
500 $2,760 1,069 Now
600 $2,760 1,069 Now

Saffron (D3)

$2,710 Plus Fees

2 Beds, 2 Baths, 1,067 Sq Ft

$500 deposit

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Saffron (D3) Floor Plan
3 Available Units
Unit Price Sq Ft Availability
412 $2,710 1,067 Now
512 $2,710 1,067 Now
612 $2,710 1,067 Now

Wisteria (D6)

$2,725 - $2,825 Plus Fees

2 Beds, 2 Baths, 1,084 Sq Ft

$500 deposit

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Wisteria (D6) Floor Plan
5 Available Units
Unit Price Sq Ft Availability
341 $2,725 1,084 Now
441 $2,725 1,084 Now
541 $2,725 1,084 Now
641 $2,725 1,084 Now
741 $2,825 1,084 Now

Magnolia (D4)

$2,890 - $3,045 Plus Fees

2 Beds, 2 Baths, 1,203 Sq Ft

$500 deposit

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Magnolia (D4) Floor Plan
7 Available Units
Unit Price Sq Ft Availability
325 $2,890 1,203 Now
425 $2,890 1,203 Now
525 $2,890 1,203 Now
625 $2,895 1,203 Now
320 $2,990 1,203 Now
420 $2,990 1,203 Now
725 $3,045 1,203 Now

Flora (E2 - Type A)

$2,995 Plus Fees

2 Beds, 2 Baths, 1,393 Sq Ft

$500 deposit

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Flora (E2 - Type A) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
437 $2,995 1,393 Now

Clove (D7)

$3,005 - $3,045 Plus Fees

2 Beds, 2 Baths, 1,239 Sq Ft

$500 deposit

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Clove (D7) Floor Plan
5 Available Units
Unit Price Sq Ft Availability
342 $3,005 1,239 Now
442 $3,005 1,239 Now
542 $3,005 1,239 Now
642 $3,005 1,239 Now
742 $3,045 1,239 Now

Moss (Walkout 1)

$3,095 Plus Fees

2 Beds, 1.5 Bath, 1,246 Sq Ft

$500 deposit

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Moss (Walkout 1) Floor Plan
7 Available Units
Unit Price Sq Ft Availability
101 $3,095 1,246 Now
102 $3,095 1,246 Now
103 $3,095 1,246 Now
106 $3,095 1,246 Now
107 $3,095 1,246 Now
108 $3,095 1,246 Now
109 $3,095 1,246 Now

Hazel (E1)

$3,100 Plus Fees

2 Beds, 2 Baths, 1,394 Sq Ft

$500 deposit

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Hazel (E1) Floor Plan
3 Available Units
Unit Price Sq Ft Availability
337 $3,100 1,394 Now
537 $3,100 1,394 Now
637 $3,100 1,394 Now

Thorne (Walkout 2)

$3,145 Plus Fees

2 Beds, 2 Baths, 1,272 Sq Ft

$500 deposit

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Thorne (Walkout 2) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
105 $3,145 1,272 Now

Kale (Penthouse 6 - Type A)

$3,150 Plus Fees

2 Beds, 2 Baths, 1,393 Sq Ft

$500 deposit

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Kale (Penthouse 6 - Type A) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
737 $3,150 1,393 Now

Rue (Penthouse 3)

$3,250 Plus Fees

2 Beds, 2 Baths, 1,088 Sq Ft

$500 deposit

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Rue (Penthouse 3) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
717 $3,250 1,088 Now

Bramble (Penthouse 5)

$3,250 Plus Fees

2 Beds, 2 Baths, 1,096 Sq Ft

$500 deposit

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Bramble (Penthouse 5) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
713 $3,250 1,096 Now

Indigo (Penthouse 2)

$3,450 Plus Fees

2 Beds, 2 Baths, 1,184 Sq Ft

$500 deposit

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Indigo (Penthouse 2) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
707 $3,450 1,184 Now
732 $3,450 1,184 Now

Dahlia (Parkside Loft)

$3,495 Plus Fees

2 Beds, 2 Baths, 1,348 Sq Ft

$500 deposit

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Dahlia (Parkside Loft) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
115 $3,495 1,348 Now
114 $3,495 1,348 Now

Hawthorn (L/W 1)

$3,500 Plus Fees

2 Beds, 2.5 Baths, 1,341 Sq Ft

$500 deposit

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Hawthorn (L/W 1) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
113 $3,500 1,341 Now

Basil (Penthouse 4)

$3,650 Plus Fees

2 Beds, 2 Baths, 1,209 Sq Ft

$500 deposit

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Basil (Penthouse 4) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
736 $3,650 1,209 Now

Linden (L/W 2)

$3,695 Plus Fees

2 Beds, 2.5 Baths, 1,508 Sq Ft

$500 deposit

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Linden (L/W 2) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
112 $3,695 1,508 Now

Blossom (L/W 3)

$3,700 Plus Fees

2 Beds, 2.5 Baths, 1,480 Sq Ft

$500 deposit

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Blossom (L/W 3) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
111 $3,700 1,480 Now

Willow (L/W 4)

$4,000 Plus Fees

2 Beds, 2.5 Baths, 1,739 Sq Ft

$500 deposit

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Willow (L/W 4) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
110 $4,000 1,739 Now

3 Bedrooms

Aster (Walkout 3 - Type A)

$3,195 Plus Fees

3 Beds, 2 Baths, 1,388 Sq Ft

$500 deposit

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Aster (Walkout 3 - Type A) Floor Plan
1 Available Unit
Unit Price Sq Ft Availability
104 $3,195 1,388 Now

Linnea (F2)

$3,795 Plus Fees

3 Beds, 2 Baths, 1,280 Sq Ft

$500 deposit

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Linnea (F2) Floor Plan
4 Available Units
Unit Price Sq Ft Availability
336 $3,795 1,280 Now
436 $3,795 1,280 Now
536 $3,795 1,280 Now
636 $3,795 1,280 Now

Juniper (F1)

$3,875 Plus Fees

3 Beds, 2 Baths, 1,375 Sq Ft

$500 deposit

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Juniper (F1) Floor Plan
2 Available Units
Unit Price Sq Ft Availability
405 $3,875 1,375 Now
505 $3,875 1,375 Now

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Rent Estimate Calculator to determine your monthly and one-time costs based on your requirements.

One-Time Basics

Due at Application
Application Fee Per Applicant

Property Fee Disclaimer: Standard Security Deposit subject to change based on screening results; total security deposit(s) will not exceed any legal maximum. Resident may be responsible for maintaining insurance pursuant to the Lease. Some fees may not apply to apartment homes subject to an affordable program. Resident is responsible for damages that exceed ordinary wear and tear. Some items may be taxed under applicable law. This form does not modify the lease. Additional fees may apply in specific situations as detailed in the application and/or lease agreement, which can be requested prior to the application process. All fees are subject to the terms of the application and/or lease. Residents may be responsible for activating and maintaining utility services, including but not limited to electricity, water, gas, and internet, as specified in the lease agreement.

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