Newest Homes for Rent in Fayette, MO

/6
$1,500 Per Month
- 3 Beds
- 1.5 Baths
- 1,300 Sq Ft
- House for Rent
208 Watts Ave, Fayette, MO 65248

Property Id: 2455298Rental 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
Explore Fayette
/10
$800 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
406 W Morrison St Unit Apartment B, Fayette, MO 65248

Property Id: 1167637The property located at 406 West Morrison Fayette MO 65248. It walking distance to the heart of Fayette. The property is equip with washer, dryer, microwave and stove.To move it:Deposit $700First month rent $700All utilities in your name through the city of Fayette.

406 W Morrison St Unit Apartment B, Fayette, MO 65248
/9
$1,200 Per Month
- 2 Beds
- 1 Bath
- House for Rent
406 W Morrison St, Fayette, MO 65248

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

406 W Morrison St, Fayette, MO 65248
/10
$1,200 Per Month
- 2 Beds
- 1 Bath
- House for Rent
407 Watts Ave, Fayette, MO 65248

Property Id: 1182308Property has a rustic interior with red oak trim around windows and door come with a garage too.

407 Watts Ave, Fayette, MO 65248

Missouri Howard County Fayette

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 $1,200 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 $48,000 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 $1,200 per month in Fayette, MO, renters typically need to show $3,600 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 10.9, 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, Old Southwest, North Central, Benton-Stephens and East Campus, each with its own character and price range.

Rental Trends in Fayette, MO

There are currently 4 homes available for rent in Fayette, MO. The median rent is $1,200 per month, with single-family homes renting at $1,200 and condos at $800.

Rental Home Trends

Number of Homes for Rent 4	Median Rent $1,200
Median Single Family Home Rent $1,200	Median Condo Rent $800

How to Rent a Home

Rentals in Fayette

Fayette Apartments for Rent

Homes for Rent by Bedrooms in Fayette

Rentals by Price in Fayette

Fayette Rentals under $1,500

More About Living in Fayette

Homes for Rent in Nearby Neighborhoods

Homes for Rent in Nearby Cities

Columbia Homes for Rent

Homes for Rent in Nearby Counties

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