$1,500 Per Month
- 3 Beds
- 1 Bath
- House for Rent
406 S Church St, Fayette, MO 65248
Property Id: 1501382Property is newly remodeled with new furnaces and new AC and siding. The property has a two carport.
(660) 628-0412
Frequently Asked Questions
How much does it cost to rent a home in Fayette, MO?
The median rent for a home in Fayette, MO is $1,157 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Fayette, MO?
To comfortably afford the median rent in Fayette, MO, a household needs to earn roughly $46,280 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,157 per month in Fayette, MO, renters typically need to show $3,471 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Fayette, MO?
In Fayette, MO, the price-to-rent ratio is 12.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Fayette, MO are best for renting a home?
The best neighborhood for renting in Fayette, MO depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Valley View Gardens, Parkade, Worley Street Park, Ridgeway and West Ash, each with its own character and price range.
