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Highlights
New Construction
Location
742 Compass Way, Frederick, MD 21701, USA
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Amenities for 742 Compass Way
Apartment Amenities
| Central Air | Three Floors |
| Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Basement | Exterior Type: Advanced Framing |
| Exterior Type: Brick | Exterior Type: HardiPlank Type |
| Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
Other
| Architecture Style: Colonial | Exterior Type: Blown-In Insulation |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Contact for more information on pet policy.
Parking
| Assigned Parking | Contact for Price |
|---|
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About 742 Compass Way
Property Status: Active Modern 4-Bedroom Townhome in Sought-After Renn Quarter - Move-In Ready! Welcome to this beautifully designed 4-bedroom, 3.5-bath townhome at 742 Compass Way in the vibrant Renn Quarter community of Frederick. Built in 2025, this nearly 2,000 sq ft home blends modern style with comfortable living and is ready for you to move in! Step inside to find a bright, open-concept main level with luxury plank flooring, a spacious living area, and a chef's kitchen featuring stainless-steel appliances, granite countertops, a large island, and ample cabinet space. The adjoining dining area opens to a private deck - perfect for morning coffee or evening gatherings. The upper level offers a serene owner's suite with a walk-in closet and a spa-inspired bath, plus two additional bedrooms and a full hall bath. The entry-level fourth bedroom with an en-suite bath is ideal for a guest room, home office, or flex space. Other highlights include: Attached 2-car garage and driveway parking and built-in EV charger port Energy-efficient systems and smart-home features Convenient laundry on the upper level Fresh, neutral finishes throughout Living in Renn Quarter means enjoying sidewalk-lined streets, pocket parks, and future retail and dining options, all just minutes from historic downtown Frederick, I-70/I-270, and MARC Commuter train service. Close to major shopping centers, Costco, HW stores, Fort Deitrick and Hood College, and hospital. Top-rated schools and everyday conveniences are close by .Available: immediately ($500 off first month's rent if you sign rental contract by Oct 31) Office Phone: (301) 439-9500 Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Source: TRENDPA|MLS Listing No. MDFR2072060
Address details
| Zip code | 21701 |
|---|---|
| Type | House for rent |
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Rent trends in Frederick
4-bedroom apartments at 742 Compass Way cost about 2% less than the average rent price for 4-bedroom apartments in Frederick.
Median rents as of Oct 11 2025.
Frederick
| Month | Median Rent |
|---|---|
| October 2023 | $2,770 |
| November 2023 | $2,767 |
| December 2023 | $2,799 |
| January 2024 | $2,799 |
| February 2024 | $2,850 |
| March 2024 | $2,856 |
| April 2024 | $2,880 |
| May 2024 | $2,825 |
| June 2024 | $2,894 |
| July 2024 | $2,950 |
| August 2024 | $2,919 |
| September 2024 | $2,918 |
| October 2024 | $2,856 |
| November 2024 | $2,900 |
| December 2024 | $2,837 |
| January 2025 | $2,868 |
| February 2025 | $2,961 |
| March 2025 | $2,941 |
| April 2025 | $2,893 |
| May 2025 | $2,924 |
| June 2025 | $2,961 |
| July 2025 | $2,930 |
| August 2025 | $3,036 |
| September 2025 | $3,002 |
| October 2025 | $2,981 |
Affordability calculator
Can I afford to live at 742 Compass Way?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$118,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $118,000 annually to afford this 4-bedrooms monthly rent price of $2,950.
For more information on rent affordability, visit our rent calculator.
Schools near 742 Compass Way
Walkersville Elementary School
83 w frederick st
walkersville, MD, 21793
PK, K-5Public
B+
Rock Creek School
55b west frederick st
walkersville, MD, 21793
PK, K-12Public
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Internet available near 742 Compass Way
Getting around Frederick near 742 Compass Way
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 742 Compass Way, Frederick
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Nightlife
2/10
Some bars within walking distance
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