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Updated 1 hour ago

First & Banks


705 1st Ave SW Rochester, MN

Studio - 3 Bed
•
1 - 2 Bath

507 - 1,739 Sq. Ft.

Available starting Dec. 3rd
Floor plans
Studio • 1 Bath
$1,500
507 ft2
1 Available
Managed By: First & B of Rochester LLC
Unit 327
$1,500
Available Dec 3rd, 2025
View
Studio • 1 Bath
$1,525 - $1,675
532 ft2
20 Available
Managed By: First & B of Rochester LLC
Unit 314
$1,525
Available Dec 3rd, 2025
View
Unit 318
$1,525
Available Dec 3rd, 2025
View
Unit 319
$1,525
Available Dec 3rd, 2025
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Unit 339
$1,525
Available Dec 3rd, 2025
View
Unit 419
$1,525
Available Dec 3rd, 2025
View
Unit 439
$1,525
Available Dec 3rd, 2025
View
Unit 519
$1,525
Available Dec 3rd, 2025
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Unit 539
$1,525
Available Dec 3rd, 2025
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Unit 619
$1,525
Available Dec 3rd, 2025
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Unit 639
$1,525
Available Dec 3rd, 2025
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Unit 322
$1,560
Available Dec 3rd, 2025
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Unit 414
$1,560
Available Dec 3rd, 2025
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Unit 422
$1,560
Available Dec 3rd, 2025
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Unit 514
$1,560
Available Dec 3rd, 2025
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Unit 522
$1,560
Available Dec 3rd, 2025
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Unit 614
$1,560
Available Dec 3rd, 2025
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Unit 622
$1,560
Available Dec 3rd, 2025
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Unit 714
$1,675
Available Dec 3rd, 2025
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Unit 722
$1,675
Available Dec 3rd, 2025
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Unit 739
$1,675
Available Dec 3rd, 2025
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1 Bed • 1 Bath
$1,775
642 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 303
$1,775
Available Dec 3rd, 2025
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Unit 403
$1,775
Available Dec 3rd, 2025
View
Unit 503
$1,775
Available Dec 3rd, 2025
View
Unit 603
$1,775
Available Dec 3rd, 2025
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1 Bed • 1 Bath
$1,865 - $1,900
696 ft2
16 Available
Managed By: First & B of Rochester LLC
Unit 307
$1,865
Available Dec 3rd, 2025
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Unit 309
$1,865
Available Dec 3rd, 2025
View
Unit 407
$1,865
Available Dec 3rd, 2025
View
Unit 409
$1,865
Available Dec 3rd, 2025
View
Unit 507
$1,865
Available Dec 3rd, 2025
View
Unit 509
$1,865
Available Dec 3rd, 2025
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Unit 607
$1,865
Available Dec 3rd, 2025
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Unit 609
$1,865
Available Dec 3rd, 2025
View
Unit 332
$1,900
Available Dec 3rd, 2025
View
Unit 334
$1,900
Available Dec 3rd, 2025
View
Unit 432
$1,900
Available Dec 3rd, 2025
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Unit 434
$1,900
Available Dec 3rd, 2025
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Unit 532
$1,900
Available Dec 3rd, 2025
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Unit 534
$1,900
Available Dec 3rd, 2025
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Unit 632
$1,900
Available Dec 3rd, 2025
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Unit 634
$1,900
Available Dec 3rd, 2025
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1 Bed • 1 Bath
$1,890 - $2,040
707 ft2
62 Available
Managed By: First & B of Rochester LLC
Unit 313
$1,890
Available Dec 3rd, 2025
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Unit 315
$1,890
Available Dec 3rd, 2025
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Unit 317
$1,890
Available Dec 3rd, 2025
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Unit 321
$1,890
Available Dec 3rd, 2025
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Unit 323
$1,890
Available Dec 3rd, 2025
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Unit 331
$1,890
Available Dec 3rd, 2025
View
Unit 333
$1,890
Available Dec 3rd, 2025
View
Unit 335
$1,890
Available Dec 3rd, 2025
View
Unit 413
$1,890
Available Dec 3rd, 2025
View
Unit 415
$1,890
Available Dec 3rd, 2025
View
Unit 417
$1,890
Available Dec 3rd, 2025
View
Unit 418
$1,890
Available Dec 3rd, 2025
View
Unit 421
$1,890
Available Dec 3rd, 2025
View
Unit 423
$1,890
Available Dec 3rd, 2025
View
Unit 427
$1,890
Available Dec 3rd, 2025
View
Unit 431
$1,890
Available Dec 3rd, 2025
View
Unit 433
$1,890
Available Dec 3rd, 2025
View
Unit 435
$1,890
Available Dec 3rd, 2025
View
Unit 513
$1,890
Available Dec 3rd, 2025
View
Unit 515
$1,890
Available Dec 3rd, 2025
View
Unit 517
$1,890
Available Dec 3rd, 2025
View
Unit 518
$1,890
Available Dec 3rd, 2025
View
Unit 521
$1,890
Available Dec 3rd, 2025
View
Unit 523
$1,890
Available Dec 3rd, 2025
View
Unit 531
$1,890
Available Dec 3rd, 2025
View
Unit 533
$1,890
Available Dec 3rd, 2025
View
Unit 535
$1,890
Available Dec 3rd, 2025
View
Unit 613
$1,890
Available Dec 3rd, 2025
View
Unit 615
$1,890
Available Dec 3rd, 2025
View
Unit 617
$1,890
Available Dec 3rd, 2025
View
Unit 618
$1,890
Available Dec 3rd, 2025
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Unit 621
$1,890
Available Dec 3rd, 2025
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Unit 627
$1,890
Available Dec 3rd, 2025
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Unit 631
$1,890
Available Dec 3rd, 2025
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Unit 633
$1,890
Available Dec 3rd, 2025
View
Unit 635
$1,890
Available Dec 3rd, 2025
View
Unit 326
$1,925
Available Dec 3rd, 2025
View
Unit 328
$1,925
Available Dec 3rd, 2025
View
Unit 330
$1,925
Available Dec 3rd, 2025
View
Unit 340
$1,925
Available Dec 3rd, 2025
View
Unit 426
$1,925
Available Dec 3rd, 2025
View
Unit 428
$1,925
Available Dec 3rd, 2025
View
Unit 430
$1,925
Available Dec 3rd, 2025
View
Unit 440
$1,925
Available Dec 3rd, 2025
View
Unit 526
$1,925
Available Dec 3rd, 2025
View
Unit 530
$1,925
Available Dec 3rd, 2025
View
Unit 540
$1,925
Available Dec 3rd, 2025
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Unit 626
$1,925
Available Dec 3rd, 2025
View
Unit 628
$1,925
Available Dec 3rd, 2025
View
Unit 630
$1,925
Available Dec 3rd, 2025
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Unit 640
$1,925
Available Dec 3rd, 2025
View
Unit 718
$2,040
Available Dec 3rd, 2025
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Unit 721
$2,040
Available Dec 3rd, 2025
View
Unit 723
$2,040
Available Dec 3rd, 2025
View
Unit 726
$2,040
Available Dec 3rd, 2025
View
Unit 727
$2,040
Available Dec 3rd, 2025
View
Unit 728
$2,040
Available Dec 3rd, 2025
View
Unit 730
$2,040
Available Dec 3rd, 2025
View
Unit 731
$2,040
Available Dec 3rd, 2025
View
Unit 733
$2,040
Available Dec 3rd, 2025
View
Unit 735
$2,040
Available Dec 3rd, 2025
View
Unit 740
$2,040
Available Dec 3rd, 2025
View
1 Bed • 1 Bath
$1,895 - $2,070
701 ft2
6 Available
Managed By: First & B of Rochester LLC
Unit 623
$1,895
Available Dec 3rd, 2025
View
Unit 338
$1,955
Available Dec 3rd, 2025
View
Unit 438
$1,955
Available Dec 3rd, 2025
View
Unit 538
$1,955
Available Dec 3rd, 2025
View
Unit 638
$1,955
Available Dec 3rd, 2025
View
Unit 738
$2,070
Available Dec 3rd, 2025
View
1 Bed • 1 Bath
$1,900 - $2,050
711 ft2
14 Available
Managed By: First & B of Rochester LLC
Unit 302
$1,900
Available Dec 3rd, 2025
View
Unit 316
$1,900
Available Dec 3rd, 2025
View
Unit 329
$1,900
Available Dec 3rd, 2025
View
Unit 402
$1,900
Available Dec 3rd, 2025
View
Unit 416
$1,900
Available Dec 3rd, 2025
View
Unit 429
$1,900
Available Dec 3rd, 2025
View
Unit 502
$1,900
Available Dec 3rd, 2025
View
Unit 516
$1,900
Available Dec 3rd, 2025
View
Unit 602
$1,900
Available Dec 3rd, 2025
View
Unit 616
$1,900
Available Dec 3rd, 2025
View
Unit 629
$1,900
Available Dec 3rd, 2025
View
Unit 702
$2,050
Available Dec 3rd, 2025
View
Unit 716
$2,050
Available Dec 3rd, 2025
View
Unit 729
$2,050
Available Dec 3rd, 2025
View
View More
2 Beds • 2 Bath
$2,625 - $2,650
1056 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 301
$2,625
Available Dec 3rd, 2025
View
Unit 401
$2,650
Available Dec 3rd, 2025
View
Unit 501
$2,650
Available Dec 3rd, 2025
View
Unit 601
$2,650
Available Dec 3rd, 2025
View
2 Beds • 2 Bath
$2,650 - $2,800
1069 ft2
5 Available
Managed By: First & B of Rochester LLC
Unit 300
$2,650
Available Dec 3rd, 2025
View
Unit 400
$2,710
Available Dec 3rd, 2025
View
Unit 500
$2,710
Available Dec 3rd, 2025
View
Unit 600
$2,710
Available Dec 3rd, 2025
View
Unit 700
$2,800
Available Dec 3rd, 2025
View
2 Beds • 2 Bath
$2,685 - $2,800
1067 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 412
$2,685
Available Dec 3rd, 2025
View
Unit 512
$2,685
Available Dec 3rd, 2025
View
Unit 612
$2,685
Available Dec 3rd, 2025
View
Unit 712
$2,800
Available Dec 3rd, 2025
View
2 Beds • 2 Bath
$2,700 - $2,825
1084 ft2
5 Available
Managed By: First & B of Rochester LLC
Unit 341
$2,700
Available Dec 3rd, 2025
View
Unit 441
$2,700
Available Dec 3rd, 2025
View
Unit 541
$2,700
Available Dec 3rd, 2025
View
Unit 641
$2,700
Available Dec 3rd, 2025
View
Unit 741
$2,825
Available Dec 3rd, 2025
View
2 Beds • 2 Bath
$2,895 - $3,045
1203 ft2
10 Available
Managed By: First & B of Rochester LLC
Unit 325
$2,895
Available Dec 3rd, 2025
View
Unit 425
$2,895
Available Dec 3rd, 2025
View
Unit 525
$2,895
Available Dec 3rd, 2025
View
Unit 625
$2,895
Available Dec 3rd, 2025
View
Unit 320
$2,955
Available Dec 3rd, 2025
View
Unit 420
$2,955
Available Dec 3rd, 2025
View
Unit 520
$2,955
Available Dec 3rd, 2025
View
Unit 620
$2,955
Available Dec 3rd, 2025
View
Unit 720
$3,045
Available Dec 3rd, 2025
View
Unit 725
$3,045
Available Dec 3rd, 2025
View
View More
3 Beds • 2 Bath
$3,195
1388 ft2
1 Available
Managed By: First & B of Rochester LLC
Unit 104
$3,195
Available Dec 3rd, 2025
View
3 Beds • 2 Bath
$3,600 - $3,650
1375 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 305
$3,600
Available Dec 3rd, 2025
View
Unit 405
$3,650
Available Dec 3rd, 2025
View
Unit 505
$3,650
Available Dec 3rd, 2025
View
Unit 605
$3,650
Available Dec 3rd, 2025
View
3 Beds • 2 Bath
$3,660
1280 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 336
$3,660
Available Dec 3rd, 2025
View
Unit 436
$3,660
Available Dec 3rd, 2025
View
Unit 536
$3,660
Available Dec 3rd, 2025
View
Unit 636
$3,660
Available Dec 3rd, 2025
View
Where you'll live
Street View
Map View
Satellite View
First & Banks
First & Banks
First & Banks
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $500
Property details
Additional Details
Total Unit Count: 219
Last Updated: Updated 1 hour ago
Contact Number: (507) 900-5810
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Charter Communications 940.0 35.0
ViaSat, Inc. 100.0 3.0
Hiawatha Broadband Communications, Inc. 40.0 10.0
Hughes Network Systems, LLC 25.0 3.0
CenturyLink, Inc. 15.0 0.75
Data from June 2020 provided by the FCC
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Photos Floor Plans
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for First & Banks by bedroom type below.
Studio
Suggested income:
$56,000
per year
1 Bedroom
Suggested income:
$69,800
per year
2 Bedroom
Suggested income:
$107,700
per year
3 Bedroom
Suggested income:
$129,500
per year
Rent report

First & Banks Rent vs. Rochester Average

 First & Banks      Rochester Average
Studio
$1,557
$1,201
$0
$550
$1,100
$1,650
$2,200
1BR
$1,939
$1,502
$0
$650
$1,300
$1,950
$2,600
2BR
$2,994
$1,697
$0
$1,000
$2,000
$3,000
$4,000
3BR
$3,598
$2,182
$0
$1,200
$2,400
$3,600
$4,800

First & Banks is asking 30% more than the average studio apartment in Rochester.

If you upsized to an average priced Rochester 1 bedroom apartment, you would pay 20% more per month.

First & Banks provides 0% less square footage than the average Rochester studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
First & Banks
Studio $1,557 $2.90 $4,671
1BR $1,939 $2.70 $5,817
2BR $2,994 $2.50 $8,981
3BR $3,598 $2.70 $10,795
Rochester Average
Studio $1,201 $2.30 $3,603
1BR $1,502 $2.10 $4,506
2BR $1,697 $1.60 $5,092
3BR $2,182 $1.30 $6,546
4BR $3,314 $1.30 $9,943

Availability in Rochester

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 222 2BR units on the market in Rochester. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
7% 36% 43% 10% 4%
Available Units in Rochester
Studio 34
1BR 184
2BR 222
3BR 49
4BR 19
Location
Nearby College

Rochester Community And Technical College

Nearby Hospitals
Name Distance
Mayo Clinic Hospital Methodist Campus 0.59 mi.
Mayo Clinic Hospital Rochester St Mary's Campus 0.95 mi.
Olmsted Medical Center 1.31 mi.
Nearby Fire Stations
Name Distance
Rochester Fire Department 4.34 mi.
Rochester Airport Fire Department 4.34 mi.
Rochester Airport Fire Department 7.23 mi.
FAQs
Is this property currently leasing units?
Yes. There are 215 available units at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months. The next unit is available for move-in on December 03, 2025.
What's the square footage of the available units?
The available units range from 507 to 1,739 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 705 1st Ave SW in Rochester, MN. It's 0.4 miles southwest from the center of Rochester.
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