The Spatial–Temporal Neyman-Scott Rectangular Pulse (STNSRP), a modification of the single-site Neyman-Scott Rectangular Pulse (NSRP), is probably the most used. You can also find freely available codes for STNSRP.
Article A simple approach for stochastic generation of spatial rainf...
I recommend Leblois and Creutin's paper in WRR, it is open access and can be obtained from http://onlinelibrary.wiley.com/doi/10.1002/wrcr.20190/pdf.
For even better numerical efficiency and the possibility to work with non-stationary Matern models, dive into the SPDE technique, start at www.r-inla.org.
There a number of similar approaches for statistical simulation of space-time rainfall based on the theory of multifractals and multiplicative cascades.
I would check the references of these authors:
Merab Menabde, Daniele Veneziano, Shaun Lovejoy and Daniel Schertzer, Paolo Burlando, Roberto Deidda, VK Gupta, Alan Seed, Geoff Pegram, etc
It is a list of the most influential people in multifractal observation and simulation of rainfall that come to mind.
I also expect some geostatisticians attacking the problem using spatio-temporal geostatistics, sequential Gaussian simulations, copula-based interpolation or similar approaches for the spatial simulation of rain and classic linear time series analysis (auto-regressive processes) for simulating its temporal evolution.
All depends if you want to treat space and time separetely or jointly (which is much more difficult).
I think the rainfall has a fractal behavior at different spatial and temporal scales. In particular, the rainfall time structure can be summarized by a dimensionless index that is a type of fractal dimension of the rainfall intensity: