Zumper
modified
Updated 5+ Days Ago

Highlights

  • Golf course
  • Dog park
  • Brand new
  • Extensively renovated interiors
  • Forested hills
  • Flooring

Location

1501 Steadmantown Ln, Frankfort, KY 40601, USA
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Contact

Management

Brokenfork LLC

Leasing office

(844) 310-9827 ext. 6660

Property Overview

FarmStead Apartments earns a strong overall impression with an 8.3 expert rating, combining excellent value, impressive amenities, and a highly rated location. Its golf course, dog park, brand-new and extensively renovated interiors, and forested hills add to its appeal, while 20 photos provide a helpful look at the property.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, FarmStead Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, FarmStead Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Images Available

Floor plans

FarmStead Apartments - 12 bed1 bath$1,000 /moCome be a part of FarmStead, a community being revitalized by Brokenfork! With stunning views of farmland and forested hills along the Elkhorn creek, the recreation side of Frankfort has so much to offer. The 1500s consists of two 6 unit buildings with parking, extensively renovated interiors and ample natural light. Everything is brand new, including appliances, flooring, lighting, trim and more! YOU will be among the first residents to make this place home. Washer and dryer are included, of course. Lakeview park is a 3 minute walk, featuring dog park, walking trails, skate park, golf course, amphitheater, pavilion, and more. A short drive away will take you to Cove Spring Park, Downtown Frankfort, Buffalo Trace, shopping centers, I-64 and much more. We welcome you to apply today! NON SMOKING $200.00 Admin Fee

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

About FarmStead Apartments

HomeApartments in Frankfort FarmStead Apartments

Come be a part of FarmStead, a community being revitalized by Brokenfork! With stunning views of farmland and forested hills along the Elkhorn creek, the recreation side of Frankfort has so much to offer. The 1500s consists of two 6 unit buildings with parking, extensively renovated interiors and ample natural light. Everything is brand new, including appliances, flooring, lighting, trim and more! YOU will be among the first residents to make this place home. Washer and dryer are included, of course. Lakeview park is a 3 minute walk, featuring dog park, walking trails, skate park, golf course, amphitheater, pavilion, and more. A short drive away will take you to Cove Spring Park, Downtown Frankfort, Buffalo Trace, shopping centers, I-64 and much more. We welcome you to apply today! NON SMOKING $200.00 Admin Fee


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, FarmStead Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, FarmStead Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated FarmStead Apartments
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
FarmStead Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, FarmStead Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
FarmStead Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While FarmStead Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
FarmStead Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How FarmStead Apartments compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this property

Considerations

Greater distance from high schools
The nearest high school is farther than 1.1 miles away

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Rent trends in Frankfort

2-bedroom apartments at FarmStead Apartments cost about 1% more than the average rent price for 2-bedroom apartments in Frankfort.

Median rents as of Apr 25 2026.
Frankfort
A table of studio rental data trends in Frankfort
MonthMedian Rent
November 2024$695
December 2024$818
January 2025$800
February 2025$800
March 2025$826
April 2025$865
May 2025$865
June 2025$913
July 2025$865
August 2025$865
January 2026$865
February 2026$1,476
March 2026$865
April 2026$850

Affordability calculator

Can I afford to live at 1501 Steadmantown Ln?

Bedrooms

2 bedrooms

Rent-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

$40,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 2-bedrooms monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.

Schools near FarmStead Apartments

Elkhorn Elementary School

928 e main st

frankfort, KY, 40601

1-5Public
C+

Early Learning Village

200 laralan ave

frankfort, KY, 40601

PK, KPublic
B+
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Frankfort near 1501 Steadmantown Ln

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 1501 Steadmantown Ln, Frankfort

Groceries

0/10
No grocery stores within walking distance

Shopping

2/10
Few or no shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

3/10
Few or no restaurants within walking distance

Primary schools

2/10
No elementary schools within a 30-minute walk

High schools

2/10
No high schools within a 30-minute walk

Nightlife

1/10
Few or no bars within walking distance

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