Receive up to $3,000 in rent credit when you move in by October 31, 2026. Contact us for details on this limited time offer.
77 units available nowAvailability
Pets welcomePet policy
Very walkableWalk Score
Fitness CenterRare in Rochester (~13%)
A/C
Patio/Balcony
28 days on Redfin • 39 views
Floor plans
Fees may apply - view fees
Studio
30
$1,775+/mo
Studio • 1 Ba
711 Sqft.
5 units available now
1 Bed
32
$1,799+/mo
1 Bd • 1 Ba
707 Sqft.
17 units available now
32
$1,850/mo
1 Bd • 1 Ba
642 Sqft.
Available Dec 10
32
$1,930/mo
1 Bd • 1 Ba
701 Sqft.
2 units available now
32
$1,975+/mo
1 Bd • 1 Ba
753 Sqft.
6 units available now
32
$2,070/mo
1 Bd • 1 Ba
772 Sqft.
Available Nov 19
2 Bed
26
$2,495+/mo
2 Bd • 1.5 Ba
1,246 Sqft.
6 units available now
32
$2,725+/mo
2 Bd • 2 Ba
1,084 Sqft.
2 units available now
36
$2,755/mo
2 Bd • 2 Ba
1,067 Sqft.
Available Nov 13
36
$2,890+/mo
2 Bd • 2 Ba
1,203 Sqft.
2 units available now
36
$2,995/mo
2 Bd • 2 Ba
1,393 Sqft.
1 unit available now
37
$2,995+/mo
2 Bd • 2 Ba
1,348 Sqft.
2 units available now
36
$3,025/mo
2 Bd • 2 Ba
1,239 Sqft.
2 units available now
13
$3,045/mo
2 Bd • 2 Ba
1,272 Sqft.
1 unit available now
37
$3,400/mo
2 Bd • 2.5 Ba
1,341 Sqft.
1 unit available now
33
$3,470/mo
2 Bd • 2 Ba
1,184 Sqft.
1 unit available now
37
$3,495/mo
2 Bd • 2.5 Ba
1,739 Sqft.
1 unit available now
37
$3,600/mo
2 Bd • 2.5 Ba
1,480 Sqft.
1 unit available now
37
$3,600/mo
2 Bd • 2.5 Ba
1,508 Sqft.
1 unit available now
3 Bed
36
$2,895+/mo
3 Bd • 2 Ba
1,280 Sqft.
4 units available now
36
$3,195+/mo
3 Bd • 2 Ba
1,375 Sqft.
3 units available now
Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Prices and availability are subject to change. Base rent is based on monthly frequency. Additional fees may apply, such as but not limited to package delivery, trash, water, amenities, etc. Deposits vary. Please see a representative for details.
Contact First & Banks
Policies
PetsDogs allowed, Cats allowed
Dogs allowed
Cats allowed
Lease termsDeposit: $500
Deposit
$500
Amenities
In-unitAir Conditioning, Courtyard, Dryer
Air Conditioning
Courtyard
Dryer
View
Washer
CommunityBicycle storage, Business Center, Fitness Center
Bicycle storage
Business Center
Fitness Center
Pool
TV Lounge
Barbecue Area
Deck
Garage Attached
Office
24/7 Mini Mart
Club Level
Clubroom
Community Kitchen
Complimentary Coffee/Espresso Bar
Corner Unit
Crafting Room
Interactive Sports Simulator
Live/Work Walkout
Pet Spa
Pet Washing Station
Pool Table
Trash Chutes
Walkout
Yoga Studio
Pet Friendly
About 705 1st Ave SW
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.
Provided by Zillow
Around First & Banks
Schools
Places
Transit
8/10
Folwell Elementary School
Public, PreK-5 • Assigned • 1.1mi
5/10
John Adams Middle School
Public, 6-8 • Assigned • 3.0mi
9/10
Mayo Senior High School
Public, 9-12 • Assigned • 1.2mi
Provided by GreatSchools
About Historic
Southwest
Historic Southwest, located between Downtown Rochester and the Mayo Clinic campus, is a historic and walkable Rochester neighborhood with tree-lined streets and early-20th-century architecture. The neighborhood’s character concentrates along 2nd Street SW near Soldiers Field Park, where ballfields, shaded paths, and a steady stream of walkers set the daily rhythm. Tudor revivals, Craftsman bungalows, and brick colonials give the blocks a cohesive, lived-in look. The Plummer House anchors the area with formal gardens and a museum-like calm. For a local night out, Thesis Beer Project and Forager Brewery sit nearby with taproom energy and seasonal menus. Sidewalks and pocket parks keep errands and recreation on foot.
Provided by Walk Score and Local Logic
Historical weather
Rochester, MN • 55902
Average low and high temperatures (°F)
23
7
31
15
49
29
57
39
69
49
78
60
83
66
77
61
74
56
64
46
45
31
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
All information is deemed reliable but not guaranteed. Redfin and its affiliates may receive compensation if you contact a rental property or sign a lease.
First & Banks is a 1739 square foot property with 3 bedrooms and 2.5 bathrooms. First & Banks is located in Rochester, the 55902 zipcode, and the Rochester Public School District.