The real estate market in the Principality of Monaco remains one of the most exclusive in the world. In 2024–2025, the average resale price stands at approximately €51,967 per m², according to Global Property Guide. In the most sought-after areas, particularly the Larvotto district, property prices can reach up to €97,563 per m², as shown in the 2024 Real Estate Observatory. For new or ultra-luxury properties, prices are even higher.
These high price levels are explained by Monaco’s very limited land area, scarce supply, and strong international demand, making buying property in Monaco a safe and strategic investment. Whether you’re planning to relocate or invest, understanding the cost of buying or renting in Monaco is essential, especially for foreigners buying property in Monaco for the first time.
◼︎ See also: Monaco's Real Estate Market in 2024
Renting can be a solution for those who do not wish to or cannot invest in property. However, even rental prices in Monaco are among the highest in Europe. Recent data shows that a studio or small apartment can rent from approximately €3,500–€6,000 per month, depending on size and location. Furthermore, larger or high-end apartments can cost significantly more.
Flexibility.
No long-term commitment.
Opportunity to experience Monégasque life before investing.
High rents and strong competition.
Few guarantees of securing a property.
No capital accumulation as with buying.
The cost of renting in Monaco reflects the Principality’s high desirability, premium lifestyle and limited housing availability. The housing market in Monaco remains highly selective: many properties are not publicly listed, and demand far exceeds supply.
Purchasing property in Monaco represents a high investment: prices per m² are significant and budgets often run into millions of euros. Nevertheless, it comes with several advantages: properties in Monaco are rare and potentially appreciated over time due to limited land availability. Not to talk about the prestigious lifestyle you’ll enter.
Stability and long-term value.
High-end options: luxury apartments, new developments, prestigious neighborhood, ideal for those seeking comfort and standing.
Unique lifestyle: proximity to the sea, luxury services, safety, and prestige attract wealthy expatriates.
High entry cost.
A selective market with resale dependent on international demand and economic conditions.
Rental yields remain moderate: estimated gross yields are around 2.5–3%, low compared with other investments.
However, for expats looking to build long-term value and enjoy stability, the cost of buying in Monaco can be offset by the advantages of ownership.
For expats, renting in Monaco is suitable for those seeking mobility, flexibility, or avoiding locking up capital. Buying in Monaco is attractive for those planning to stay several years or seeking property as a long-term investment. Whichever route you choose, it’s important to understand how Monaco real estate for expats works and what best suits your personal and financial goals.
Beyond real estate, Monaco offers more than a place to stay, it provides a passport to an exceptional and unique daily life. The Principality combines:
Mediterranean climate and sea views.
A world-class cultural and gastronomic scene.
Safety, discretion and political stability.
Proximity to France, Italy and international airports.
Elite events such as the Monaco Grand Prix, yacht shows, and charity galas.
Whether you choose to rent or buy in Monaco, you’ll enjoy a daily life marked by prestige, security, and global connectivity, key drivers for expats moving to Monaco from across Europe and the world.
◼︎ See also: Monaco’s Cultural Heritage & Lifestyle
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