8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

July 19, 2012

Steadfast Income REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	000-54674	27-0351641
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

18100 Von Karman Avenue, Suite 500

Irvine, California 92612

(Address of Principal Executive Offices, including Zip Code)

Registrant's telephone number, including area code: (949) 852-0700

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2.):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On July 13, 2012 , Steadfast Income REIT, Inc. (the “Company”), through SIR Montelena, LLC (“SIR Montelena”), a wholly-owned subsidiary of Steadfast Income REIT Operating Partnership, L.P., the Company’s operating partnership, acquired a fee simple interest in a 232-unit multifamily residential community located in Round Rock, Texas, commonly known as Montelena Apartments (the “Montelena Property”), from a third party seller. SIR Montelena acquired the Montelena Property for an aggregate purchase price of $18,350,000, excluding closing costs. SIR Montelena financed the payment of the purchase price for the Montelena Property with a combination of (1) proceeds from the Company’s public offering, and (2) the assumption of an existing mortgage loan in the original principal amount of $12,000,000.

On July 19, 2012, the Company distributed a press release announcing the completion of the acquisition of the Montelena Property. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

ExhibitDescription

99.1 Press release, dated July 19, 2012

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		STEADFAST INCOME REIT, INC.
Date:	July 19, 2012	By:	/s/ Kevin J. Keating
			Kevin J. Keating
			Treasurer

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated July 19, 2012

EX-99.1

3-3-3 Steadfast Income REIT Acquires Three Kansas City Apartments

Ex. 99.1

18100 Von Karman Avenue Suite 500 Irvine, CA 92612 949.852.0700

NEWS RELEASE

Contact:    Jennifer Schmidt

Phone:        949.333.1721

Email:        jschmidt@steadfastcmg.com

Steadfast Income REIT Acquires

Montelena Apartments in Austin Suburb

Purchase Marks REIT's First Texas Acquisition

IRVINE, Calif., July 19, 2012 - Steadfast Income REIT, Inc. announced today the $18.35 million acquisition of Montelena Apartments, a 232-unit garden-style apartment community in the Austin suburb of Round Rock. The REIT now has 15 apartment communities with over 3,300 units in seven Midwestern states.

"We are very pleased that our first Texas property is in Round Rock,” said Rodney F. Emery, CEO and president of Steadfast. “The city's unemployment rate is well below the national average, and the majority of residents hold white collar jobs that push the median household income to nearly $81,000, which is 48% higher than the national median.”

Montelena was built in 1998 and consists of 10 three‐story residential buildings set amongst a 19-acre site that affords residents ample open space and large floorplans. Montelena offers a mix of one-, two- and three-bedroom apartments, and is the only property in the market to provide four-bedroom units. The garden-style property is 96% occupied, and has average in-place rents of $851.

Residents enjoy amenities that include a swimming pool with a heated spa, a fitness center, a movie theater, a playground and sand volleyball and basketball courts. In-unit amenities include vaulted ceilings, well-equipped kitchens, washer/dryer connections, central air conditioning, walk-in closets and private balconies or patios.

2-2-2 Steadfast Income REIT Acquires Montelena Apartments

Round Rock is approximately 20 miles north of the capital city of Austin, and was named by Family Circle among the “Top 10 Towns for Families” in 2010. The city's focus on attracting major employers with high‐skilled workers motivated Dell to relocate its corporate headquarters to Round Rock, and their campus is approximately a mile away from Montelena and employs approximately 13,000 people.

About Steadfast Income REIT

Steadfast Income REIT is a real estate investment trust that intends to acquire and operate a diverse portfolio of real estate investments focused primarily on the multifamily sector, including stable, income-producing and value-added properties. Steadfast Income REIT is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment companies that acquire, develop and manage real estate in the U.S. and Mexico.

This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of Steadfast Income REIT, Inc.'s annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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