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Fayette, MO Homes for Rent

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    $1,500 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,300 Sq Ft
    • House for Rent

    208 Watts Ave, Fayette, MO 65248

    Property Id: 2455298 Rental home with 3 bedrooms 1.5 baths. Two-story home on an unfinished basement with two bedrooms on main floor, one upstairs. Basement is for laundry station only. Pets only with approval and additional payment/deposit required per pet.

    208 Watts Ave, Fayette, MO 65248
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    $950 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    504 W Hackberry St Unit 1, Fayette, MO 65248

    Property Id: 2387558 Completely remodeled 2 bed, 1 bath duplex on a quiet residential street. This unit features modern finishes, durable flooring, and a clean, move-in ready feel throughout. The kitchen includes updated cabinetry, ample counter space, and full-size appliances. Fresh flooring and neutral paint carry throughout the home, giving it a bright, cohesive look. One

    504 W Hackberry St Unit 1, Fayette, MO 65248
  • /9

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    406 W Morrison St, Fayette, MO 65248

    Property Id: 1205599 Property located within walking distance to the square and CMU

    406 W Morrison St, Fayette, MO 65248
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    $815 Per Month

    • 1 Bed
    • 1 Bath
    • 1 Bedroom/1 Bathroom Apartment in Fayette near CMU

    316 E Davis St Unit 316 E Davis St B, Fayette, MO 65248

    1bedroom/ 1 bathroom apartment in Fayette. Apartment includes off street parking. Rent $815/ Deposit $500 + $100 one-time move in fee for approved applicant. $75 per month covers water, sewer, trash. $300 Pet Deposit (non-refundable)/ $25 Pet Rent (limit 2 pets)Click "Apply Now" for rental application at or /vacancies

    316 E Davis St Unit 316 E Davis St B, Fayette, MO 65248

Why Live in Fayette

Fayette, located in central Missouri's Howard County, is a small city with a population of about 2,800. Known for its Victorian homes and natural beauty, Fayette is home to Central Methodist University, which significantly influences the local culture and attracts many to the area. The city features a historic district with preserved Victorian homes, brick rowhouses, and a Classical Revival courthouse. Housing options range from turn-of-the-century bungalows and colonials to midcentury ranch-style homes on larger lots. Fayette's City Park and D.C. Rogers Lake offer various recreational activities, including fishing, boating, camping, and hiking. The Besgrove-Hodge Wildlife Sanctuary provides trails through protected woodlands. Local dining options, such as LaFayette on the Square and Fireside Bakes and Brews, draw visitors from nearby cities like Columbia. While shopping is limited, essential groceries can be found at C&R Market. Fayette's annual Festival of the Arts, held on the first Saturday of August, features music, exhibits, and various activities, making it a highlight of the city's social calendar. Convenient highway access via State Routes 5 and 240 makes commuting to Columbia or Boonville manageable, with St. Louis and Kansas City being 150 miles and 120 miles away, respectively.

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 $975 per month, though prices vary by neighborhood, size, and property type. As of July 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 $39,000 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 $975 per month in Fayette, MO, renters typically need to show $2,925 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 13.4, 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 North Central, Benton-Stephens, East Campus, Rockbridge and Cedar Lake, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$975
Median Single Family Home Rent
$1,500
Median Condo Rent
$950
How to Rent a Home