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23.000.000 €
Bay House
235 sqm
33 sqm
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Cheap Apartments in Monaco
Discover affordable apartments in Monaco, with convenient locations and suitable amenities, accessible thanks to local expertise and the Balkin network.
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Real Prices for Rentals in Monaco: What Can Be Considered “Cheap”
In Monaco, affordable rentals remain limited. For a studio, rents start around €2,500–€3,500 per month, sometimes slightly lower for smaller units or less central locations. One-bedroom apartments start at €4,000 per month, while two-bedroom apartments generally exceed €5,000. Even properties considered “cheap” are above typical European standards, but they allow access to Monaco life without fully compromising on quality.
Some off-market options can slightly reduce the budget, but they require discreet and quick searching. Rents also vary depending on the property’s condition: a renovated apartment with modern features costs more than a standard unit.
Monaco Neighborhoods Ranked from Most Affordable to Most Expensive
- La Condamine: relatively more accessible prices, immediate proximity to the port, shops, and market. Studios and small apartments are common here.
- Moneghetti: quiet residential area with moderate rents for Monaco. Ideal for families or those seeking more tranquility.
- Fontvieille: newer area with comfortable apartments and average rents for Monaco. Modern buildings with convenient services.
- Monte Carlo: prestigious center with high rents, especially for properties with sea views or access to shops and casinos.
- Carré d’Or: historic and luxurious district, with some of the highest rents. Renovated units or properties with premium features can easily exceed €10,000 per month.
- Jardin Exotique & La Rousse: residential areas with slightly more affordable options than Monte Carlo, though demand remains high.
How to Find “Cheap” Rentals in Monaco (Methods & Platforms)
- Contact local specialized agencies like Balkin Estates to access off-market listings not published online.
- Use international platforms: Knight Frank, Lux Residence, Monte-Carlo Sotheby’s. Filter properties by budget and size.
- Check social media and newsletters from local agencies to spot off-market opportunities.
- Look for apartments on higher floors, without sea views, or with unusual layouts, often cheaper.
- Explore temporary or furnished rentals, which sometimes have lower monthly costs than standard leases.
- Check properties available at the end of leases: some owners prefer to rent quickly rather than leave units vacant, sometimes allowing rent negotiation.
Practical Tips to Pay Less for an Apartment in Monaco
- Be quick and prepared: affordable apartments in Monaco are rented fast, so have references and guarantees ready to secure a unit quickly.
- Opt for a flexible or short-term lease, allowing easier rent negotiations.
- Avoid peak tourist seasons: rents can rise during periods of high demand.
- Consider apartments needing minor renovations or work; these units are often less sought after.
- Negotiate directly with the owner via the agency, especially for off-market properties.
- Look for units with utilities included (parking, water, maintenance) to limit extra expenses.
Yes, but you need to adjust your expectations. Studios or small apartments remain accessible if you accept slightly outlying neighborhoods or off-market properties. The key is proactive and discreet searching. Even “cheap” rentals require a comfortable budget compared to other European cities.
The average rent for a studio is between €2,500 and €3,500 per month, depending on the neighborhood and amenities. Studios with sea views or recent renovations frequently exceed €4,000 per month. Some studios in La Condamine or Moneghetti offer slightly lower rents, but availability is limited.
With Balkin, you can explore a variety of properties to suit different lifestyles and needs :
- Apartments for Sale in Monaco
- Apartments for Rent in Monaco
- 3 bedroom apartments for rent in Monaco
- 2 Bedroom Apartment For Rent in Monaco
- Fontvieille Monaco properties for sale
- Jardin Exotique Monaco apartments
