Monte Carlo is synonymous with luxury. It is the home of the Casino, the Hôtel de Paris, and the world’s most prestigious boutiques.
The Executive Summary: Monte Carlo is the most expensive district within the most expensive country in the world. Living in the “Carré d’Or” (Golden Square) commands a significant premium over neighboring districts like Fontvieille or La Condamine. In 2026, a single resident should budget €8,000 to €12,000 per month (excluding rent) to maintain a lifestyle commensurate with the area. Rents for a two-bedroom apartment in a prime building now average €25,000 per month.
For HNWIs, choosing to live in this specific district is a lifestyle choice. You are paying for the address, the views, and the immediate access to the social scene. However, daily costs here are higher than anywhere else in the Principality.
This guide provides a transparent look at the costs for 2026. If you are just starting your research, we recommend reading our broader Definitive Guide to Relocating & Investing in Monaco (2026 Edition) first to understand the full picture.
1. Housing: The Golden Square Premium
Real estate prices in Monte Carlo are driven by scarcity and prestige. Everyone wants to be within walking distance of the Casino Square.
Rental Market Prices (2026)
Rents in Monte Carlo are typically 20% to 30% higher than the Monaco average.
- Studio Apartment: €4,500 – €7,000 / month.
- 1-Bedroom Apartment: €8,500 – €14,000 / month.
- 2-Bedroom Apartment: €18,000 – €30,000 / month.
- Prestige Unit (Sea View/High Floor): €50,000+ / month.
Buildings like Le Metropole, Park Palace, and Les Floralies command the highest prices. For a deep dive into these specific buildings, read our Monte Carlo Neighborhood Guide.
Buy vs. Rent in Monte Carlo
Property prices in the Carré d’Or often exceed €70,000 per square meter. Many investors debate whether to deploy capital here or rent first.
- The Strategy: High interest rates have made renting attractive for short-term residents. However, buying remains the best hedge against inflation. Read our full analysis on Buy vs. Rent in Monaco.
New Inventory: Supply is limited in the historic center. However, redevelopment projects are slowly adding modern stock. Check our report on Upcoming Real Estate Developments in Monaco 2026 to see what is coming to market.
2. Dining & Socializing
Monte Carlo is the social hub of the Riviera. Dining out is a major part of the local culture. Prices reflect the clientele.
- Coffee at Café de Paris: €8.00 – €12.00.
- Casual Lunch (Metropole Shopping Center): €30.00 – €45.00.
- Dinner at Amazonico or Cipriani: €250.00 – €400.00 per person.
- Cocktail at American Bar: €35.00.
Grocery Shopping
Residents of Monte Carlo typically shop at the Marché U in the Boulevard de Moulins or the gourmet food hall at the Metropole.
- Weekly Shop (Single Person): €250 – €400.
- Premium Goods: Imported items and organic produce carry a significant markup compared to supermarkets in Fontvieille.
3. Utilities & Service Charges
The “hidden” cost of living in prestigious Monte Carlo buildings is the service charge (charges locatives).
- Building Service Charges: These can add 10% to 15% to your monthly rent. This covers the concierge, security, gardens, and sometimes air conditioning.
- Electricity & Water: €250 – €500 per month.
- Internet (Monaco Telecom): €65 – €95 per month.
4. Administrative & Residency Costs
Before you pay your first month’s rent, you must secure your right to live here. The application process involves government fees and legal costs.
- Residency Card Application: Minimal government fee (€80), but associated legal and translation fees can run €1,000+.
- Bank Fees: Private banks in Monte Carlo often charge higher maintenance fees for accounts under €1 Million.
Ensure you have all your documents ready by reviewing the Monaco Residency Checklist 2026.
Summary of Monthly Costs (2026)
| Expense Category | Single Person (Estimated) | Couple (Estimated) |
| Rent (1-Bedroom) | €9,500 | €12,000 (Larger Unit) |
| Groceries | €800 | €1,400 |
| Dining & Social | €2,500 | €5,000 |
| Utilities & Internet | €350 | €500 |
| Transport/Taxi | €400 | €800 |
| Health Insurance | €450 | €900 |
| TOTAL (Approx.) | €14,000 | €20,600 |
Need Help Negotiating Your Lease?
Expert Guidance on Monte Carlo Real Estate
Rental prices in the Golden Square are often negotiable if you know the market history. A “listed” price is not always the final price.
We help clients verify service charges and negotiate lease terms to ensure fair value.
- Lease Review: We check for hidden clauses.
- Utility Setup: We connect you with concierge services to handle electricity and internet installation.
Frequently Asked Questions
Is Monte Carlo the most expensive district in Monaco?
Yes. Real estate prices per square meter in the Carré d’Or (Golden Square) are consistently the highest. Larvotto is also expensive due to the beach, but Monte Carlo commands the premium for its central location.
Does the rent include utilities?
Usually, no. The rent usually includes the “Provisions sur Charges” (building fees), but you must pay separately for your own electricity and internet usage.
Is it cheaper to live in Beausoleil?
Yes. Beausoleil is in France, just across the street from Monte Carlo. Rents are 50% to 70% lower. However, living in Beausoleil means you are a French tax resident, not a Monaco tax resident. You lose the tax benefits.
How much is a parking space in Monte Carlo?
If your apartment does not come with parking, renting a space in a public garage like the Casino or Costa car park costs approximately €350 to €500 per month. Private spaces in luxury buildings can rent for €800+ per month.