Zumper
modified
Updated 11 Hours Ago

Highlights

  • Pet Friendly
  • Grilling stations
  • Tennis courts
  • Quartz countertops
  • Playground
  • Wood-inspired flooring
  • In-home washer and dryer

Location

705 1st Ave Sw, Rochester, MN 55902, USA|Historic Southwest
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Contact

Management

First & B of Rochester LLC

Leasing office

(507) 516-1027 ext. 2

Property Overview

First & Banks earns a strong overall impression with an 8.5 expert rating, highlighted by excellent value, top-tier amenities, and a highly convenient location. It stands out for features like grilling stations, tennis courts, quartz countertops, a playground, wood-inspired flooring, and an in-home washer and dryer, while also offering strong appeal for social life, pet friendliness, fitness and wellness, and sustainability.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, First & Banks is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, First & Banks has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • More space
  • Images Available

Great for

  • Social life
  • Eco living
  • Wellness

Floor plans

Reed (B2)Studio1 bath711 sqft$1,775–$1,975 /mo4 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=2mjCE2rFFLS *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 ($65 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.
Briar (B5)1 bed1 bath707 sqft$1,799–$1,885 /mo17 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=o5tbhpwax2x *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 ($65 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.
Fern (B1)1 bed1 bath642 sqft$1,850 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=TxqawG2H2no *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 ($65 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.
Lily (B7)1 bed1 bath701 sqft$1,930–$1,955 /mo3 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=o7ALmdjC7AJ *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 ($65 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.
Cosmo (B4)1 bed1 bath753 sqft$1,975–$2,015 /mo6 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=cJyA18Hbpvw *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 ($65 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.
Poppy (C2)1 bed1 bath772 sqft$2,070 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=vJELBcfR5Xo *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 ($65 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.
Dahlia (Parkside Loft)2 bed2 bath1,348 sqft$2,265–$3,395 /mo2 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=AP8BEptBoWe *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 ($65 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.
Moss (Walkout 1)2 bed1.5 bath1,246 sqft$2,265–$2,995 /mo7 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=FMwkWrYM7Mf *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 ($65 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.
Wisteria (D6)2 bed2 bath1,084 sqft$2,725–$2,750 /mo2 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=rpjJB4mRAtG *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 ($65 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.
Saffron (D3)2 bed2 bath1,067 sqft$2,755 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=vDboQJRhoMb *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 ($65 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.
Magnolia (D4)2 bed2 bath1,203 sqft$2,890–$2,920 /mo2 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=TpvuXYMs4jn *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 ($65 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.
Flora (E2 - Type A)2 bed2 bath1,393 sqft$2,995 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=EhgU2xyVZ4i *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 ($65 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.
Clove (D7)2 bed2 bath1,239 sqft$3,025 /mo2 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=tM4k4hHvFfz *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 ($65 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.
Thorne (Walkout 2)2 bed2 bath1,272 sqft$3,045 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=uGtw6aNCfFu *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 ($65 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.
Willow (L/W 4)2 bed2.5 bath1,739 sqft$3,265 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=Y5x7TKWVG4X *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 ($65 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.
Hawthorn (L/W 1)2 bed2.5 bath1,341 sqft$3,400 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=aEHDST5vwSr *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 ($65 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.
Linden (L/W 2)2 bed2.5 bath1,508 sqft$3,600 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=DBTnLkcz2JE *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 ($65 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.
Blossom (L/W 3)2 bed2.5 bath1,480 sqft$3,600 /mo1 unit availableUnwind 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. Take a virtual tour: https my matterport com show ?m=yukESUqNLNb *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 ($65 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.
Linnea (F2)3 bed2 bath1,280 sqft$2,895–$3,675 /mo4 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=PiaLPGF6PLP *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 ($65 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.
Juniper (F1)3 bed2 bath1,375 sqft$3,195–$3,775 /mo3 units availableUnwind 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. Take a virtual tour: https my matterport com show ?m=wu457rgSXYY *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 ($65 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.

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Amenities for First & Banks

Apartment Amenities

Corner UnitDen
Utilities Included

Appliances

In-Unit LaundryWasher and Dryer

Building

Cats OKDogs OK

Grounds

Walkout
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units219

About First & Banks

HomeApartments in RochesterHistoric Southwest 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 townhome 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.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, First & Banks is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, First & Banks has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated First & Banks
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
First & Banks stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
First & Banks stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
First & Banks is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While First & Banks does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

First & Banks is great for:

Social life

  • Areas nearby are accessible by walking
  • 120 restaurants within 1 mile of this property
  • 218 mixed-use spaces nearby
  • Area has 18 parks and recreation options

Eco living

  • You can get around by foot in this area
  • 18 parks within a mile
  • On-site recycling or composting options
  • Public transit available nearby

Wellness

  • Ample windows and natural lighting
  • On-site quiet spaces for meditation or yoga
  • 2 farmers markets or health food stores nearby
  • 18 parks nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How First & Banks compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1.2 miles away
More space
Studio is 222 sqft larger than other listings nearby
More space
The 2-bedroom is 83 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this property

Considerations

Distance from grocery stores
The nearest grocery store is 4.3 miles away

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Rent trends in Historic Southwest

Studio apartments at First & Banks cost about 35% more than the average rent price for studios in Historic Southwest.

1-bedroom apartments here are priced 31% higher than 1-bedrooms in Historic Southwest.

If you decide to upgrade your space, you can expect 2-bedrooms at First & Banks to be 3% more than the average for similarly sized apartments in Historic Southwest.

3-bedroom apartments at First & Banks cost about 28% more than the average rent price for 3-bedroom apartments in Historic Southwest.

Median rents as of Oct 17 2026.
Historic Southwest
Rochester
A table of studio rental data trends in Rochester
MonthMedian Rent
November 2024$1,166
December 2024$1,149
January 2025$1,172
February 2025$1,195
March 2025$1,174
April 2025$1,158
May 2025$1,167
June 2025$1,160
July 2025$1,080
August 2025$1,180
September 2025$1,195
October 2025$1,218
November 2025$1,198
December 2025$1,240
January 2026$1,295
February 2026$1,318
March 2026$1,307
April 2026$1,273
May 2026$1,270
June 2026$1,238
July 2026$1,226
August 2026$1,223
September 2026$1,278
October 2026$1,248
A table of studio rental data trends in Historic Southwest
MonthMedian Rent
November 2024$1,280
December 2024$1,252
January 2025$1,265
February 2025$1,268
March 2025$1,269
April 2025$1,269
May 2025$1,282
June 2025$1,322
July 2025$1,357
August 2025$1,283
September 2025$1,272
October 2025$1,309
November 2025$1,333
December 2025$1,395
January 2026$1,395
February 2026$1,391
March 2026$1,351
April 2026$1,317
May 2026$1,315
June 2026$1,307
July 2026$1,313
August 2026$1,330
September 2026$1,364
October 2026$1,331

Affordability calculator

Can I afford to live at 705 1st Ave Sw?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$71,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $71,000 annually to afford this studio monthly rent price of $1,775.
For more information on rent affordability, visit our rent calculator.

Schools near First & Banks

RPS Online Elementary School

615 7th st sw

rochester, MN, 55902

K-5Public
B

Early Childhood Intervention

615 7th street sw

rochester, MN, 55902

PKPublic

Lincoln K-8 School

1122 8th ave se

rochester, MN, 55904

K-8Public
A-

Folwell Elementary School

603 15th ave sw

rochester, MN, 55902

PK, K-5Public
A-

Rochester Phoenix Academy

334 16th street se

rochester, MN, 55904

K-12Public
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Getting around Rochester near 705 1st Ave Sw

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

4/10
There are a few mass transit options within the area.

Points of interest for 705 1st Ave Sw, Rochester

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 705 1st Ave Sw

Peoples Food Co-op
519 1st Ave SW
Mi Mexicana Market LLC
18 9th St SE
International Spices & Grocery
125 E Center St
ALDI
1201 Broadway Ave S
Hy-Vee
500 Crossroads Dr SW

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