Predicting cab fares accurately is crucial for urban transportation, benefiting both passengers and service providers. This research explores machine learning techniques to enhance fare prediction using real-world trip data. Various models, including Linear Regression, Decision Trees, Random Forest, Gradient Boosting, and XGBoost, were evaluated. The Gradient Boosting Regressor emerged as the best-performing model after hyperparameter tuning, achieving high prediction accuracy. The study highlights the significance of trip distance and pickup time in fare estimation. Future enhancements include integrating weather data and deploying the model as a real-time API service to improve usability and precision.