Renting an Apartment in Monaco – 2025 Luxury Rental Guide
- AGENCE Monaco
- 5 days ago
- 3 min read
Finding a home in Monaco means more than just securing a place to live — it’s about embracing a world-class lifestyle defined by elegance, safety, and the sea.
This 2025 guide by AGENCE Monaco explains how to rent an apartment in Monaco, including the legal process, average rental costs, and insider tips for tenants.
Why rent in Monaco
Monaco continues to attract global residents for its zero income tax, political stability, and exceptional living standards.
Its location on the French Riviera, between the Alps and the Mediterranean, offers both privacy and prestige — qualities that make it one of the most exclusive real-estate markets in Europe.
In 2024, the Principality reached a record average sale price of €51,967 per m², which naturally influences the rental market. With limited supply and consistent international demand, Monaco remains the safest and most stable place to rent in Europe.
The rental process
Renting in Monaco follows a transparent but highly structured process.
Here’s what you can expect as a tenant:
Property Search & Offer
View listings with a licensed agency and submit a written offer once you’ve found the right apartment.
Lease Agreement (Bail)
After acceptance, both parties sign the lease — typically for 12 months, renewable by default.
Deposit & First Payment
Expect to pay three months’ rent as deposit, plus the first quarter’s rent in advance.
Lease Registration
The contract is officially registered, and you receive the keys along with an inventory of fixtures.
Move-In Formalities
Set up insurance, utilities, and telecommunications. Monaco agencies usually assist with these steps.
Upfront costs & tenant obligations
Before moving into your new home, make sure you understand the financial aspects of renting in Monaco:
Security Deposit: usually 3 months’ rent, sometimes up to 6 months for premium apartments.
Rent Payment: made quarterly in advance, a common practice in the Principality.
Agency Fees: 10% of the annual rent + 20% VAT, paid once at the start of the lease.
Lease Registration Tax: around 1% of the annual rent + building charges.
Insurance: mandatory home and liability coverage.
Refund of Deposit: typically within two months after moving out.
Average rental prices in 2025
Apartment Type | Average Monthly Rent (€) | Size Range | Popular Areas |
Studio | 2,000 – 3,500 | 30–50 m² | La Condamine, Jardin Exotique |
1-Bedroom | 3,500 – 6,000 | 60–80 m² | Fontvieille, La Rousse |
2-Bedroom | 7,000 – 10,000 | 100–130 m² | Larvotto, Monte-Carlo |
3-Bedroom | 10,000 – 15,000 | 140–180 m² | Carré d’Or, Larvotto |
Penthouse | 20,000 – 35,000+ | 200–400 m² | Seafront, Avenue Princesse Grace |
High-demand buildings like Le Mirabeau, Monte Carlo Palace, Sun Tower, and Park Palace offer concierge services, sea views, private parking, and spa facilities — commanding premium prices and fast rental turnover.
Best districts to rent in Monaco
Carré d’Or & Monte-Carlo
Perfect for those who want to live at the center of Monaco’s glamour — near the Casino, boutiques, and Michelin-starred restaurants.
Larvotto
A beachfront paradise with renovated apartments, private terraces, and sea views. Ideal for beach lovers and families.
Fontvieille
The quieter side of Monaco, with parks, the marina, and more spacious apartments — often chosen by long-term residents.
La Condamine & Port Hercules
A lively neighborhood close to markets, cafés, and the Formula 1 circuit — ideal for those who enjoy Monaco’s vibrant atmosphere.
Residency through renting
Holding a registered 12-month lease in Monaco fulfills one of the main requirements for obtaining residency.
Tenants applying for a Monaco residence card must provide proof of accommodation — either ownership or an active rental contract — along with financial documentation and ID verification.
AGENCE Monaco supports clients through every step of this process, ensuring full compliance and a smooth transition into Monegasque life.
Tenant checklist
✔ Prepare proof of income or a local bank letter.
✔ Confirm insurance before signing the lease.
✔ Understand total upfront costs (deposit + advance rent + fees).
✔ Review the lease for renewal and termination clauses.
✔ Schedule inventory inspection before and after the tenancy.
Final insight
Renting an apartment in Monaco is not just a transaction — it’s an entry ticket to one of the most exclusive lifestyles in the world.
From breathtaking sea views to unmatched safety and prestige, Monaco continues to set the global standard for ultra-luxury rentals.
For tailored assistance and exclusive listings, contact AGENCE Monaco — your trusted partner for premium real estate in the Principality.
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