This contemporary 1,010 square foot apartment in Rochester, MN offers a blend of style and functionality. The open-concept layout maximizes space, creating a seamless flow between rooms. The gourmet kitchen boasts sleek cabinetry, stainless steel appliances, and a large island, perfect for culinary enthusiasts. Large windows throughout provide abundant natural light and picturesque city views. The two bedrooms are generously sized, with the primary bedroom measuring 140 square feet. Each bedroom features plush carpeting and ample closet space. The apartment's three bathrooms are elegantly appointed with modern fixtures and finishes. Hardwood floors in the main living areas add warmth and sophistication. The unit includes additional storage solutions, including walk-in closets. Thoughtful design elements, such as pendant lighting and contemporary artwork, enhance the overall aesthetic. Located at 709 First Ave SW in Rochester, this apartment offers the perfect balance of urban convenience and comfortable living. With its high-end finishes, efficient use of space, and attention to detail, this property represents the epitome of modern city dwelling.
First & Banks
705 1st Ave SW,
Rochester,
MN
55902
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Monthly Rent
$1,625 - $4,000
Plus Fees12 Month Lease
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Bedrooms
Studio - 3 bd
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Bathrooms
1 - 2.5 ba
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Square Feet
532 - 1,739 sq ft
Highlights
- New Construction
- Roof Terrace
- Tennis Court
- Den
- Pet Washing Station
- Pool
- Walk-In Closets
- Deck
- Spa
Pricing & Floor Plans
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Unit 439price $1,625square feet 532availibility Now
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Unit 322price $1,685square feet 532availibility Now
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Unit 514price $1,685square feet 532availibility Now
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Unit 329price $1,795square feet 711availibility Now
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Unit 402price $1,795square feet 711availibility Now
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Unit 416price $1,795square feet 711availibility Now
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Unit 427price $1,790square feet 707availibility Now
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Unit 431price $1,795square feet 707availibility Now
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Unit 413price $1,825square feet 707availibility Now
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Unit 407price $1,815square feet 696availibility Now
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Unit 607price $1,815square feet 696availibility Now
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Unit 509price $1,815square feet 696availibility Now
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Unit 503price $1,825square feet 642availibility Now
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Unit 638price $1,910square feet 701availibility Now
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Unit 538price $1,910square feet 701availibility Now
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Unit 438price $1,910square feet 701availibility Now
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Unit 411price $1,995square feet 772availibility Now
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Unit 404price $1,995square feet 753availibility Now
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Unit 406price $1,995square feet 753availibility Now
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Unit 408price $1,995square feet 753availibility Now
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Unit 300price $2,650square feet 1,069availibility Now
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Unit 441price $2,695square feet 1,084availibility Now
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Unit 341price $2,725square feet 1,084availibility Now
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Unit 541price $2,725square feet 1,084availibility Now
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Unit 412price $2,710square feet 1,067availibility Now
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Unit 512price $2,710square feet 1,067availibility Now
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Unit 612price $2,710square feet 1,067availibility Now
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Unit 325price $2,890square feet 1,203availibility Now
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Unit 425price $2,890square feet 1,203availibility Now
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Unit 625price $2,895square feet 1,203availibility Now
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Unit 442price $2,990square feet 1,239availibility Now
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Unit 542price $3,005square feet 1,239availibility Now
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Unit 437price $2,995square feet 1,393availibility Now
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Unit 109price $2,995square feet 1,246availibility Now
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Unit 101price $3,095square feet 1,246availibility Now
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Unit 102price $3,095square feet 1,246availibility Now
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Unit 637price $3,100square feet 1,394availibility Now
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Unit 105price $3,145square feet 1,272availibility Now
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Unit 737price $3,150square feet 1,393availibility Now
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Unit 707price $3,450square feet 1,184availibility Now
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Unit 115price $3,495square feet 1,348availibility Now
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Unit 114price $3,495square feet 1,348availibility Now
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Unit 113price $3,500square feet 1,341availibility Now
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Unit 112price $3,695square feet 1,508availibility Now
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Unit 111price $3,700square feet 1,480availibility Now
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Unit 110price $4,000square feet 1,739availibility Now
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Unit 104price $3,195square feet 1,388availibility Now
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Unit 336price $3,795square feet 1,280availibility Now
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Unit 436price $3,795square feet 1,280availibility Now
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Unit 536price $3,795square feet 1,280availibility Now
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Unit 405price $3,875square feet 1,375availibility Now
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Unit 505price $3,875square feet 1,375availibility Now
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Unit 439price $1,625square feet 532availibility Now
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Unit 322price $1,685square feet 532availibility Now
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Unit 514price $1,685square feet 532availibility Now
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Unit 329price $1,795square feet 711availibility Now
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Unit 402price $1,795square feet 711availibility Now
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Unit 416price $1,795square feet 711availibility Now
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Unit 427price $1,790square feet 707availibility Now
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Unit 431price $1,795square feet 707availibility Now
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Unit 413price $1,825square feet 707availibility Now
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Unit 407price $1,815square feet 696availibility Now
-
Unit 607price $1,815square feet 696availibility Now
-
Unit 509price $1,815square feet 696availibility Now
-
Unit 503price $1,825square feet 642availibility Now
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Unit 638price $1,910square feet 701availibility Now
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Unit 538price $1,910square feet 701availibility Now
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Unit 438price $1,910square feet 701availibility Now
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Unit 411price $1,995square feet 772availibility Now
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Unit 404price $1,995square feet 753availibility Now
-
Unit 406price $1,995square feet 753availibility Now
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Unit 408price $1,995square feet 753availibility Now
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Unit 300price $2,650square feet 1,069availibility Now
-
Unit 441price $2,695square feet 1,084availibility Now
-
Unit 341price $2,725square feet 1,084availibility Now
-
Unit 541price $2,725square feet 1,084availibility Now
-
Unit 412price $2,710square feet 1,067availibility Now
-
Unit 512price $2,710square feet 1,067availibility Now
-
Unit 612price $2,710square feet 1,067availibility Now
-
Unit 325price $2,890square feet 1,203availibility Now
-
Unit 425price $2,890square feet 1,203availibility Now
-
Unit 625price $2,895square feet 1,203availibility Now
-
Unit 442price $2,990square feet 1,239availibility Now
-
Unit 542price $3,005square feet 1,239availibility Now
-
Unit 437price $2,995square feet 1,393availibility Now
-
Unit 109price $2,995square feet 1,246availibility Now
-
Unit 101price $3,095square feet 1,246availibility Now
-
Unit 102price $3,095square feet 1,246availibility Now
-
Unit 637price $3,100square feet 1,394availibility Now
-
Unit 105price $3,145square feet 1,272availibility Now
-
Unit 737price $3,150square feet 1,393availibility Now
-
Unit 707price $3,450square feet 1,184availibility Now
-
Unit 115price $3,495square feet 1,348availibility Now
-
Unit 114price $3,495square feet 1,348availibility Now
-
Unit 113price $3,500square feet 1,341availibility Now
-
Unit 112price $3,695square feet 1,508availibility Now
-
Unit 111price $3,700square feet 1,480availibility Now
-
Unit 110price $4,000square feet 1,739availibility Now
-
Unit 104price $3,195square feet 1,388availibility Now
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Unit 336price $3,795square feet 1,280availibility Now
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Unit 436price $3,795square feet 1,280availibility Now
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Unit 536price $3,795square feet 1,280availibility Now
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Unit 405price $3,875square feet 1,375availibility Now
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Unit 505price $3,875square feet 1,375availibility Now
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per resident.$50
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Due at Move-In
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Administrative FeeCharged per unit.$200
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Security Deposit - RefundableCharged per unit.$500
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Due at Application
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Electric Vehicle Parking
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Parking FeeCharged per vehicle.$200 / mo
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Other
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Parking FeeCharged per vehicle.$150 / mo
CommentsAdditional Underground Parking: $225 Per MonthRead More Read Less -
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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Short term lease
Property Information
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Built in 2025
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219 units/7 stories
Matterport 3D Tours
Select a unit to view pricing & availability
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.
First & Banks is an apartment community located in Olmsted County and the 55902 ZIP Code.
Unique Features
- 24/7 Mini Mart
- Amenity Deck
- Bike Storage
- Club Level
- Clubroom
- Community Grilling Station
- Community Kitchen
- Complimentary Coffee/Espresso Bar
- Corner Unit
- Covered Parking (Heated)
- Crafting Room
- Interactive Sports Simulator
- Live/Work Walkout
- Park View
- Pet Friendly
- Pet Spa
- Pool Spa
- Pool Table
- River View
- Sky Lounge (Exclusive)
- Trash Chutes
- Walkout
- Yoga Studio
Community Amenities
Pool
Fitness Center
Elevator
Playground
- Package Service
- Controlled Access
- Pet Washing Station
- Elevator
- Business Center
- Lounge
- Disposal Chutes
- Fitness Center
- Spa
- Pool
- Playground
- Bicycle Storage
- Tennis Court
- Walking/Biking Trails
- Roof Terrace
- Courtyard
Apartment Features
Washer/Dryer
Dishwasher
High Speed Internet Access
Walk-In Closets
- High Speed Internet Access
- Washer/Dryer
- Fireplace
- Dishwasher
- Ice Maker
- Stainless Steel Appliances
- Kitchen
- Range
- Quartz Countertops
- Den
- Walk-In Closets
- Deck
Downtown Rochester is perched along the Zumbro River, a picture-perfect river lined with parks. Minnesota is home to one of the country's best park systems, and Rochester is no exception. The city contains more than 100 parks, many located in or near downtown. And with roughly 85 miles of paved trails, it's the ideal place for jogging and bike-riding. Downtown, you'll find Silver Lake Park, which includes boat ramps and a playground, Cooke Park, Kutzky Park, Plummer House Park, St Marys Park, and Soldiers Field Golf Course -- one of the city's many public golf courses.
While Downtown Rochester is best known for its prestigious Mayo Clinic, there's much more to the neighborhood. Residents enjoy shopping at the Rochester Downtown Farmers Market, enjoying an event at the Mayo Civic Center, spending time at the Rochester Art Center, and attending a wide variety of festivals and events.
Learn more about living in Downtown RochesterCompare neighborhood and city base rent averages by bedroom.
| Downtown Rochester | Rochester, MN | |
|---|---|---|
| Studio | $1,337 | $1,281 |
| 1 Bedroom | $1,612 | $1,444 |
| 2 Bedrooms | $2,371 | $1,727 |
| 3 Bedrooms | $3,454 | $2,009 |
- Package Service
- Controlled Access
- Pet Washing Station
- Elevator
- Business Center
- Lounge
- Disposal Chutes
- Roof Terrace
- Courtyard
- Fitness Center
- Spa
- Pool
- Playground
- Bicycle Storage
- Tennis Court
- Walking/Biking Trails
- 24/7 Mini Mart
- Amenity Deck
- Bike Storage
- Club Level
- Clubroom
- Community Grilling Station
- Community Kitchen
- Complimentary Coffee/Espresso Bar
- Corner Unit
- Covered Parking (Heated)
- Crafting Room
- Interactive Sports Simulator
- Live/Work Walkout
- Park View
- Pet Friendly
- Pet Spa
- Pool Spa
- Pool Table
- River View
- Sky Lounge (Exclusive)
- Trash Chutes
- Walkout
- Yoga Studio
- High Speed Internet Access
- Washer/Dryer
- Fireplace
- Dishwasher
- Ice Maker
- Stainless Steel Appliances
- Kitchen
- Range
- Quartz Countertops
- Den
- Walk-In Closets
- Deck
| Monday | 12am - 12am |
|---|---|
| Tuesday | 12am - 12am |
| Wednesday | 12am - 12am |
| Thursday | 12am - 12am |
| Friday | 12am - 12am |
| Saturday | 12am - 12am |
| Sunday | 12am - 12am |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Walk: | 10 min | 0.5 mi |
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What do Walkability, Transit, Drivability, and Bikeability mean?
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Drivability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
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HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It WorksFirst & Banks Photos
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First & Banks
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2BR, 2BA - 1,203SF
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Nearby Apartments
Within 50 Miles of First & Banks
First & Banks has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Parking is available at First & Banks. Fees may apply depending on the type of parking offered. Contact this property for details.
First & Banks has studios to three-bedrooms with rent ranges from $1,625/mo. to $4,000/mo.
First & Banks does not allow pets, though service animals are always welcome in accordance with applicable laws.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,625 for a studio, you would need to earn about $65,000 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
First & Banks is offering Discounts for eligible applicants, with rental rates starting at $1,625.
Yes! First & Banks offers 33 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.
705 1st Ave SW
Rochester, MN 55902