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Last updated September 30 2025 at 4:30 PM
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First Banks
217 units available
Studio • 1 Bed • 2 Beds • 3+ Beds
Location
705 1st Avenue Southwest, Rochester MN 55902, Historic Southwest
Amenities
In unit laundry, Patio / balcony, Pet friendly, Recently renovated, Stainless steel, Walk in closets + more
Price range (base price, 12 month lease)
$1,500+ mo - $3,700+ mo
Commute
Price and Availability
Verified by First Banks 4 HRS ago. 217 apartments available today. Rent starts at $1,500/month (base rent only—contact the property for full details).
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Unit 327
Avail. Jan 2
$1,500+ moBase rent12-mo lease
Unit 639
Avail. Jan 2
$1,525+ moBase rent12-mo lease
Unit 439
Avail. Jan 2
$1,525+ moBase rent12-mo lease
Unit 519
Avail. Jan 2
$1,525+ moBase rent12-mo lease
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Location
705 1st Avenue Southwest, Rochester, MN 55902 Historic Southwest
Amenities
In unit laundry
Patio / balcony
Pet friendly
Recently renovated
Stainless steel
Walk in closets
Unit Amenities
fireplace
in unit laundry
patio / balcony
walk in closets
recently renovated
stainless steel
Property Amenities
pet friendly
clubhouse
courtyard
gym
playground
pool table
bbq/grill
bike storage
hot tub
lobby
tennis court
yoga
cats allowed
dogs allowed
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.
Verified reviews
Property Details (Fees & Lease)
Must have 3x the rent in total household income (before taxes)
Pets allowed
Cats, dogs
limit
1
Explore the Area
People's Food Co-op
0.1 mi
ALDI
0.7 mi
Hy-Vee
0.7 mi
Cub Foods
1.1 mi
Fresh Thyme
1.2 mi
Brother's Bar & Grill
0.2 mi
La Dolce Vita
0.2 mi
Pizza Hut/Wing Street
0.2 mi
Pasquale's Neighborhood Pizzeria
0.2 mi
Twigs
0.2 mi
Med City Movers
0.1 mi
S Broadway & 1st Ave SE
0.1 mi
S Broadway & 9th St SE
0.2 mi
3rd Ave SE & 8th St SE
0.3 mi
3rd Ave SE & 6 1/2 St SE
0.3 mi
Mid Continent Airport
6.5 mi
Rogers Landing Field
6.7 mi
Rochester International Airport
7.6 mi
Private
7.8 mi
Thomas Field
11.3 mi
3 /10
Riverside Central Elementary School
PublicPK-5
516 Students
0.5 mi
8 /10
Friedell Middle School
Public6-8
461 Students
0.7 mi
9 /10
Lincoln K-8 Choice Elementary School
PublicK-8
423 Students
0.8 mi
6 /10
Folwell Elementary School
PublicPK-5
365 Students
1.0 mi
5 /10
Rochester Math And Science Academy
CharterK-8
327 Students
1.1 mi
Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.
Volleyball
0.1 mi
Outdoor Fitness
0.1 mi
Little Sluggers Practice Area
0.1 mi
Soldiers Field Memorial Park
0.1 mi
Riverside Picnic Area
0.1 mi
YMCA
0Riverside Picnic Area
0.1 mi
Pure Barre
0.2 mi
Splash Park
0.2 mi
Semva
0.3 mi
Animal Health Care
0.9 mi
Chuck & Don's Pet Food & Supplies
1.2 mi
Broadway Veterinary Hospital
1.5 mi
Med City Animal Hospital
1.6 mi
Christine's Pampered Pooches
1.7 mi
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Frequently Asked Questions
Frequently Asked Questions (FAQs)
First Banks has 217 units available starting at $1,500 per month (base price without fees when signing a 12 month lease). Check out the Price and Availability section for the most up-to-date unit information.
In Rochester, MN, the average rent is $1,188+ for a studio, $1,461+ for a 1-bedroom, $1,979+ for a 2-bedroom, and $1,913+ for a 3-bedroom.* For more information on rental trends in Rochester, MN, check out our monthly Rochester, MN Rent Report.
*Based on base prices that don’t include fees
Some of First Banks's amenities include in unit laundry, patio / balcony, and pet friendly. To see the other amenities this property offers, check out the Amenities section.
First Banks is not currently offering any rent specials.
Yes, First Banks is pet-friendly.
No, First Banks does not offer parking.
Yes, First Banks offers units with in unit laundry.
No, First Banks does not have a pool.
No, First Banks does not have accessible units.
No, First Banks does not have units with dishwashers.