Rafferty's daughter, Martha has agreed to loan Paisley Museum the items - including the famous guitar painted by celebrated Scots artist John Byrne and the hand-written lyrics to his biggest hit, Baker Street.
The exhibition about the Paisley-born musician will run from March 7 to May 9 and is part of the Bring It All Home Festival, organised by Renfrewshire Council in conjunction with the Rafferty family. The display will also feature other guitars decorated by Byrne and artworks by the painter, who is also from Paisley and was a close friend of Rafferty, who died in January 2011.
Byrne designed the covers for many of the singer's solo albums as well as the record sleeves for Stealers Wheel, which Rafferty formed with fellow Paisley songwriter, Joe Egan and had a worldwide hit with Stuck In The Middle.
The Bring It All Home Festival was held in Paisley for the first time earlier this year and featured a sold out performance by James Grant at Paisley Abbey and a songwriting competition.
This year's expanded festival, from April 11 to 20, includes three headline concerts, one of which will feature family and friends of the Rafferty family, including Rab Noakes, Barbara Dickson, and Eddi Reader.The songwriting contest is being held again in partnership with The University of the West of Scotland, with a music scholarship as prize.
Rafferty fan and owner of the Apollo Music record store in Paisley, Mike Dillon said: "I expect the exhibition will attract visitors from not only this country, but from all over the world."
Renfrewshire Council leader Mark Macmillan said: "It is fitting that the success and talent of one of Paisley's most famous sons should be celebrated with an exhibition like this. For many people the music of Gerry Rafferty was part of the soundtrack to their lives."