Reed (B2)
Starting at $1,775
Studio • 1 Bath • 711 Sq Ft
| 4 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 716 | $1,975 | 711 | Dec 3 | |
| 729 | $1,975 | 711 | Dec 3 | |
| 529 | $1,775 | 711 | Jan 6 | |
| 629 | $1,775 | 711 | Aug 26 |
How can I help?
First & Banks
$1,775 – $3,775/mo
705 1st Ave Sw, Rochester, MN, 55902What floor plans are available at First & Banks?
First & Banks currently lists 20 floor plans across 62 available units, from studio to three-bedroom, starting at $1,775/mo. 4 studios from $1,775 to $1,975/mo (711 sq ft), earliest move-in Dec 3. 28 one-bedrooms from $1,799 to $2,015/mo (701–772 sq ft), earliest move-in Dec 3. 23 two-bedrooms from $2,495 to $3,600/mo (1,067–1,739 sq ft), earliest move-in Dec 3. 7 three-bedrooms from $2,895 to $3,775/mo (1,280–1,375 sq ft), earliest move-in Dec 3. Prices checked October 2, 2026.
Briar (B5)
Starting at $1,799
1 Bedroom • 1 Bath • 707 Sq Ft
| 18 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 627 | $1,825 | 707 | Dec 3 | |
| 313 | $1,799 | 707 | Jan 6 | |
| 315 | $1,825 | 707 | Jan 6 | |
| 317 | $1,825 | 707 | Jan 6 | |
| 321 | $1,825 | 707 | Jan 6 | |
| 323 | $1,825 | 707 | Jan 6 | |
| 417 | $1,825 | 707 | Jan 6 | |
| 421 | $1,825 | 707 | Jan 6 | |
| 423 | $1,825 | 707 | Jan 6 | |
| 433 | $1,825 | 707 | Jan 6 | |
| 513 | $1,825 | 707 | Jan 6 | |
| 515 | $1,825 | 707 | Jan 6 | |
| 523 | $1,825 | 707 | Jan 6 | |
| 527 | $1,825 | 707 | Jan 6 | |
| 531 | $1,825 | 707 | Jan 6 | |
| 340 | $1,885 | 707 | Jan 6 | |
| 440 | $1,885 | 707 | Jan 6 | |
| 413 | $1,825 | 707 | Aug 21 |
Lily (B7)
Starting at $1,930
1 Bedroom • 1 Bath • 701 Sq Ft
| 3 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 438 | $1,930 | 701 | Jan 6 | |
| 538 | $1,930 | 701 | Jan 6 | |
| 638 | $1,930 | 701 | Aug 22 |
Cosmo (B4)
Starting at $1,975
1 Bedroom • 1 Bath • 753 Sq Ft
| 6 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 404 | $1,975 | 753 | Jan 6 | |
| 406 | $1,975 | 753 | Jan 6 | |
| 408 | $2,015 | 753 | Jan 6 | |
| 504 | $2,015 | 753 | Jan 6 | |
| 506 | $2,015 | 753 | Jan 6 | |
| 510 | $2,015 | 753 | Jan 6 |
Poppy (C2)
Starting at $1,995
1 Bedroom • 1 Bath • 772 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 611 | $1,995 | 772 | Nov 19 |
Moss (Walkout 1)
Starting at $2,495
2 Bedrooms • 1.5 Baths • 1,246 Sq Ft
| 7 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 101 | $2,495 | 1,246 | Jan 6 | |
| 102 | $2,495 | 1,246 | Jan 6 | |
| 103 | $2,495 | 1,246 | Jan 6 | |
| 106 | $2,995 | 1,246 | Jan 6 | |
| 107 | $2,995 | 1,246 | Jan 6 | |
| 108 | $2,995 | 1,246 | Jan 6 | |
| 109 | $2,995 | 1,246 | Nov 19 |
Wisteria (D6)
Starting at $2,725
2 Bedrooms • 2 Baths • 1,084 Sq Ft
| 2 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 641 | $2,725 | 1,084 | Dec 3 | |
| 341 | $2,725 | 1,084 | Jan 6 |
Saffron (D3)
Starting at $2,730
2 Bedrooms • 2 Baths • 1,067 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 612 | $2,730 | 1,067 | Nov 13 |
Magnolia (D4)
Starting at $2,890
2 Bedrooms • 2 Baths • 1,203 Sq Ft
| 2 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 625 | $2,895 | 1,203 | Dec 3 | |
| 325 | $2,890 | 1,203 | Jan 6 |
Dahlia (Parkside Loft)
Starting at $2,995
2 Bedrooms • 2 Baths • 1,348 Sq Ft
| 2 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 114 | $2,995 | 1,348 | Jan 6 | |
| 115 | $3,395 | 1,348 | Jan 6 |
Flora (E2 - Type A)
Starting at $2,995
2 Bedrooms • 2 Baths • 1,393 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 437 | $2,995 | 1,393 | Jan 6 |
Clove (D7)
Starting at $3,025
2 Bedrooms • 2 Baths • 1,239 Sq Ft
| 2 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 442 | $3,025 | 1,239 | Jan 6 | |
| 542 | $3,025 | 1,239 | Jan 6 |
Thorne (Walkout 2)
Starting at $3,045
2 Bedrooms • 2 Baths • 1,272 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 105 | $3,045 | 1,272 | Jan 6 |
Hawthorn (L/W 1)
Starting at $3,400
2 Bedrooms • 2.5 Baths • 1,341 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 113 | $3,400 | 1,341 | Jan 6 |
Indigo (Penthouse 2)
Starting at $3,470
2 Bedrooms • 2 Baths • 1,184 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 707 | $3,470 | 1,184 | Dec 3 |
Willow (L/W 4)
Starting at $3,495
2 Bedrooms • 2.5 Baths • 1,739 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 110 | $3,495 | 1,739 | Jan 6 |
Blossom (L/W 3)
Starting at $3,600
2 Bedrooms • 2.5 Baths • 1,480 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 111 | $3,600 | 1,480 | Jan 6 |
Linden (L/W 2)
Starting at $3,600
2 Bedrooms • 2.5 Baths • 1,508 Sq Ft
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 112 | $3,600 | 1,508 | Jan 6 |
Linnea (F2)
Starting at $2,895
3 Bedrooms • 2 Baths • 1,280 Sq Ft
| 4 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 636 | $3,650 | 1,280 | Dec 3 | |
| 336 | $2,895 | 1,280 | Jan 6 | |
| 436 | $3,650 | 1,280 | Jan 6 | |
| 536 | $3,650 | 1,280 | Jan 6 |
Juniper (F1)
Starting at $3,195
3 Bedrooms • 2 Baths • 1,375 Sq Ft
| 3 available units | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 305 | $3,195 | 1,375 | Dec 3 | |
| 405 | $3,775 | 1,375 | Jan 6 | |
| 505 | $3,775 | 1,375 | Jan 6 |
What are the fees and lease terms at First & Banks?
Rent at First & Banks is $1,775 – $3,775 per month. The security deposit is $500. The earliest listed move-in is Jan 6. Prices checked October 2, 2026.
Rent
$1,775 – $3,775/moSecurity deposit
$500Earliest move-in
Jan 6
What amenities does First & Banks have?
First & Banks lists 30 amenities, including a gym, a pool, and pet-friendly spaces.
24/7 Mini Mart
Amenity Deck
Bike Storage
Business Center
Central A/C
Club Level
Clubroom
Community Grilling Station
Community Kitchen
Complimentary Coffee/Espresso Bar
Corner Unit
Courtyard
Covered Parking (Heated)
Crafting Room
Den
Fitness 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
Washer And Dryer In-Unit
Washer/Dryer In Unit
Yoga Studio
What do the amenities at First & Banks look like?
- Lobby4 photos
- Mailroom
Where is First & Banks?
First & Banks is at 705 1st Ave Sw, Rochester, MN, 55902.
705 1st Ave Sw, Rochester, MN, 55902
Residents give First & Banks an A+ grade (about 4.9 out of 5) from 3 reviews. Residents consistently praise this new construction community for its prime location near downtown amenities, Mayo Clinic, hospitals, and Soldiers Field park, with convenient walkability to restaurants, shops, and recreation. The on-site management team is noted as friendly, helpful, and responsive to maintenance issues.
4.90
Overall rating
Positive
Mixed
Neutral
Negative
Location5.0
Management5.0
Amenities and Shared Spaces5.0
Building Quality5.0
Residents consistently praise this new construction community for its prime location near downtown amenities, Mayo Clinic, hospitals, and Soldiers Field park, with convenient walkability to restaurants, shops, and recreation. The on-site management team is noted as friendly, helpful, and responsive to maintenance issues. Amenities including the community room, pool table, sports simulator, and individual balconies are highlighted as valuable features that enhance the living experience.
The property offers excellent location convenience with proximity to downtown, nearby parks, and local amenities within walking distance. Residents appreciate access to Soldiers Field park, nearby shopping and dining options, and proximity to medical facilities. The walkable neighborhood supports biking and pedestrian access to community resources.
Management staff are consistently described as friendly, helpful, and responsive to resident needs. The on-site team addresses maintenance issues and resident requests promptly, contributing to overall resident satisfaction with property operations.
This new building offers convenient access to nearby parks, recreational facilities, and local amenities within walking distance. On-site shared spaces including a community room, pool table, and sports simulator are available for resident use. Management is reported as responsive and helpful in addressing maintenance issues typical of new construction.
This new construction building features well-maintained finishes and amenities in a convenient location near parks and local services. The on-site management team is responsive to maintenance issues and building concerns. Residents report satisfaction with the overall building condition and upkeep.
Is First & Banks walkable?
First & Banks is very walkable and biking is very bikeable.
WALK
Very Walkable
BIKE
Very Bikeable
What is First & Banks like?
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.
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.
How big is First & Banks?
First & Banks is an apartment.
Building
Apartment
What schools are near First & Banks?
Y Tots Nursery School is 0.1 miles from First & Banks. 10 schools are listed nearby.
| School | Type | Level | Distance |
|---|---|---|---|
Y Tots Nursery School Private · Preschool | Private | Preschool | 0.1 mi |
Rainbow School Private · Preschool | Private | Preschool | 0.1 mi |
Rainbow School Private · Preschool | Private | Preschool | 0.1 mi |
Rochester Arts and Sciences Academy Private · Elementary | Private | Elementary | 0.3 mi |
Out of State Care and Treatment Public · High | Public | High | 0.4 mi |
Project Search Mayo Clinic Public · High | Public | High | 0.4 mi |
Rps Online Middle School Public · Middle | Public | Middle | 0.4 mi |
Civic League Day Nursery Private · Preschool | Private | Preschool | 0.4 mi |
St. John Elementary School Private · Middle | Private | Middle | 0.5 mi |
Rochester Math & Science Secondary Charter · High | Charter | High | 1.0 mi |
How do I contact First & Banks?
First & Banks is managed by ShowMeTheRent.com. Call (507) 516-1027x7 to tour or ask about availability.