Steadfast Apartment REIT

Prospectus & Risk Factors

Prior to reviewing information specific to Steadfast Apartment REIT, Inc. (“Steadfast Apartment REIT”, “we”, “our” or “us”), you must first receive and carefully review a copy of the prospectus. You may download a copy of the prospectus via the following link: download prospectus .

We are offering up to 10 million shares to existing stockholders pursuant to our distribution reinvestment plan. Some of the significant features of our distribution reinvestment plan are as follows:

There is no public trading market for our shares of common stock, and there can be no assurance that a market will develop in the future. Investing in shares of our common stock involves a high degree of risk. You should purchase shares only if you can afford a complete loss of your investment. Before making an investment decision, you should carefully consider the specific risks set forth under the caption “Risk Factors” incorporated by reference to the prospectus from our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as the same may be updated from time to time by future filings under the Securities Exchange Act of 1934, as amended. You should read the prospectus and any prospectus supplement, together with additional information described under the heading “Incorporation by Reference” and “Where You Can Find Additional Information,” carefully before you invest in shares of our common stock. The underlying assumptions and any forward-looking statements herein may not be accurate, and your performance may vary significantly.