1st Avenue Flats

400 1st Avenue NW, Rochester, MN 55901
507-512-5674
1stAveFlats@velairmanagement.com

1st Avenue Flats offers desirable amenities all at an affordable price. You will enjoy hosting events in our community room, staying active with our yoga studio, or relaxing in a quiet space found in the library lounge. Our laundry rooms on each floor feature multiple machines in each clothing care center for maximum efficiency and convenience.

Upgraded floor plans include beautiful balconies and underground parking to protect your car from the Minnesota elements. With its premier location, downtown Rochester is just a short walk away allowing you to immerse yourself in everything there is to offer from boutiques, coffee shops, restaurants, to year-round festivals. Theme throughout the property is a Modern Art Deco with an F. Scott Fitzgerald influence.

Follow the unit links to check on floor plans and apply online:

  • 1 Bedroom We do not have any known availability for the next 60 days, but you may check back as often as you like.
  • 2 Bedroom 
Our community participates in the Section 42 Tax Credit Program and has the following income restrictions based on number of people residing in the unit (Please Note: Further income restrictions may apply based on unit. The Property Manager will be able to let you know if further restrictions apply:

  • 1 Person: $49,560
  • 2 People: $56,640
  • 3 People: $63,720
  • 4 People: $70,800

Households containing all full-time students for five or more months during the current calendar year must meet one of these qualifications:

  1. At least one student receiving assistance under the Title IV of the Social Security Act
  2. At least one student previously under the care and placement responsibility of the state agency responsible for administering foster care
  3. At least one student participating in a program receiving assistance under the Job Training Partnership Act, Workforce Investment Act, or under similar federal, state, or local laws
  4. At least one student a single parent with children and the parent is not a dependent of another individual and the children are not dependents of someone other than a parent.
  5. Students are married and entitled to file a joint tax return

Application fee(s) of $25/person age 18 or older and *holding fee of $500 due at time of application.

*Holding fee may increase to one month’s rent depending on screening and background check. The holding fee is transferred into the deposit upon move in.

  • 24 Hour Emergency Maintenance
  • Air Conditioning
  • Cable TV Available
  • Community Room
  • Controlled Entry
  • Dishwasher
  • Fitness Center
  • Garage Available
  • Garbage Disposal
  • Heat Included
  • Income Restrictions Apply
  • Laundry Facilities – Every Floor
  • Microwave
  • Patio/Balcony
  • Sewer Included
  • Smoke Free Community

7645 Lyndale Avenue S, Suite 210, Minneapolis, MN 55423