First & Banks

📍 705 1st Avenue Southwest, Rochester, MN 55902

📋 Property Overview

At First & Banks you get Studio - 3 bd / 1 ba. It measures 532 sq ft. Monthly rent ranges $1,460-$3,395. Features in the home include in unit laundry, walk in closets, recently renovated and fireplace. On site there is pool, playground, gym and clubhouse. Pets are allowed (dogs and cats). The standard lease term is 12 months. Availability: Available now. With a Walk Score of 80, most errands can be done on foot. That is 17% below the local median of $1,750.

🚶 Getting Around

• Walk Score80/100

  Very Walkable

💵 Costs & Lease

Deposit

$450

Lease length

12 months

Units available

65 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• Aster (Walkout 3 - Type A)3 bd · 2 ba · 1,388 sq ftNone available right now
• Thorne (Walkout 2)2 bd · 2 ba · 1,272 sq ft$2,7401 unit available
• Moss (Walkout 1)2 bd · 1.5 ba · 1,246 sq ft$2,2456 units available
• Sage (B3)1 bd · 1 ba · 696 sq ftNone available right now
• Rhodes (A1)Studio · 1 ba · 532 sq ft$1,4601 unit available
• Cosmo (B4)1 bd · 1 ba · 753 sq ft$1,7756 units available
• Briar (B5)1 bd · 1 ba · 707 sq ft$1,61521 units available
• Ivy (B6 - Type A)1 bd · 1 ba · 701 sq ftNone available right now
• Lily (B7)1 bd · 1 ba · 701 sq ft$1,7353 units available
• Violet (B8)1 bd · 1 ba · 671 sq ftNone available right now
• Calla (C1)1 bd · 1 ba · 905 sq ftNone available right now
• Poppy (C2)1 bd · 1 ba · 772 sq ftNone available right now

🧾 Move-in Costs & Lease

Security deposit

$450

Lease length

12 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Minnesota renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 473,453 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

Limit

1 pet

✨ Features & Details

• Pet Friendly
• In unit laundry
• Patio / balcony
• Parking
• Recently renovated
• Stainless steel
• Fireplace
• Walk in closets
• Business center
• Clubhouse
• Coffee bar
• Courtyard
• Gym
• Playground
• Pool
• Pool table
• Bbq/grill
• Bike storage
• Hot tub
• Lobby
• Tennis court
• Yoga
• Cats allowed
• Dogs allowed
• 1272 sq ft
• 1246 sq ft
• 532 sq ft
• 753 sq ft
• 707 sq ft
• 701 sq ft
• 1203 sq ft
• 1084 sq ft
• 1239 sq ft
• 1393 sq ft
• 1375 sq ft
• 1280 sq ft
• 1341 sq ft
• 1508 sq ft
• 1480 sq ft
• 1739 sq ft
• 1348 sq ft
• 1184 sq ft

📊 Property Facts

Walk Score

80 · Very Walkable

🎓 Nearby Schools

• Riverside Central Elementary School · PK-53/10 · 0.5 mi
• Friedell Middle School · 6-88/10 · 0.7 mi
• Lincoln K-8 Choice Elementary School · K-89/10 · 0.8 mi
• Folwell Elementary School · PK-56/10 · 1.0 mi
• Rochester Math And Science Academy · K-85/10 · 1.1 mi
• Mayo Senior High School · 8-125/10 · 1.2 mi
• John Marshall Senior High School · 8-125/10 · 1.6 mi
• Montessori At Franklin · K-54/10 · 1.6 mi
• Franklin Elementary School · PK-53/10 · 1.6 mi
• Kellogg Middle School · 6-84/10 · 1.9 mi

🏡 Floor Plans