Accurate precipitation forecasting is essential for water resource management, agricultural planning, and climate resilience, particularly in semiarid regions such as Konya Province, Türkiye, which receives approximately 300 to 350 mm of rainfall annually and is highly vulnerable to drought. This study presents a systematic comparative evaluation of eight forecasting models applied to monthly precipitation data spanning the period from 1958 to 2025. The models evaluated include SARIMAX, LASSO, CatBoost, LightGBM, XGBoost, Multilayer Perceptron (MLP), Long Short Term Memory (LSTM), and a hybrid LSTM and XGBoost framework. Model inputs comprise six key meteorological variables, namely temperature, humidity, evaporation, sunshine duration, wind speed, and precipitation, supplemented by sinusoidal seasonal encodings and lagged or rolling features depending on the model structure. A chronological 70/10/20 train, validation, and test split was applied to all machine learning models, while SARIMAX used the full dataset with exogenous regressors. Performance was evaluated using seven complementary metrics: R2, RMSE, MAE, NSE, MAPE, KGE, and PBIAS. The results reveal a clear three tier performance hierarchy. The hybrid LSTM and XGBoost framework achieved the highest accuracy (R2 = 0.945, RMSE = 5.46 mm), demonstrating that combining temporal feature extraction with nonlinear residual learning substantially improves predictive performance. Tree based ensemble models, including CatBoost, LightGBM, and XGBoost, formed an intermediate tier with R2 values around 0.70, effectively capturing seasonal variability but tending to underestimate extreme rainfall events. Linear and standalone deep learning models, including SARIMAX, LASSO, MLP, and LSTM, constituted the weakest tier. These findings confirm that hybrid architectures offer the most reliable framework for precipitation forecasting in semiarid regions, with direct implications for sustainable water management and climate adaptation planning.