How much is an apartment in Monaco : Average Price per sqm

living room monaco

Summary of the article in brief:

You want to know how much an apartment in Monaco really costs, from a studio to a penthouse. A studio starts at around €900,000, a three-bedroom apartment often exceeds €8 million, and exceptional penthouses can surpass the €100 million mark.

This guide draws on official figures from IMSEE, Monaco's statistical institute: the average price reached €57,569 per square metre in 2025, a slight decrease of 1.4% compared with 2024, with Larvotto leading at more than €71,000 per square metre.

You will also find the difference between buying and renting, the additional costs that come on top of the advertised purchase price, and why an average price per square metre can never replace an accurate valuation of a specific property, especially in Monaco.

For a complete breakdown by district or guidance on an investment strategy, our dedicated guides explore each aspect in greater depth.

What is the average price per square metre in Monaco right now ?

According to the IMSEE Observatoire de l'Immobilier, published in February 2026, the average price for a property transaction in Monaco reached €57,569 per square metre in 2025, a decrease of 1.4% compared to €58,402/sqm in 2024. This average covers all districts and property types: individual prices still range from around €40,000/sqm in more accessible pockets to over €100,000/sqm for prime addresses. Monaco recorded 493 transactions in 2025, for a combined sales and resale volume close to €5.9 billion.

Price per square metre by district (2025 official figures)

District Price per sqm (2025) Change vs 2024
Larvotto €71,167 +2.2%
Monte-Carlo (new builds, 2020s) Above €60,000 [à sourcer]
Jardin Exotique €45,168 Up from €32,835 in 2016
Moneghetti €43,797 [à sourcer]

Source : IMSEE, Observatoire de l'Immobilier, février 2026. Pour le détail complet par quartier, notre guide dédié au prix au m² développe chaque secteur.

How prices have moved since 2024 ?

Monaco's average price per square metre eased slightly in 2025, down 1.4% from the previous year, yet remained close to its historical peak. Monte-Carlo stood out on transaction volume rather than price alone: the district recorded 164 resales in 2025, close to two out of every five transactions in the Principality, and crossed €1.1 billion in resale value for the first time, up 41.5% year on year.

This combination, a slight price pullback alongside strong transaction activity in the most established districts, points to a market absorbing new supply rather than losing demand.

Average cost per m² of apartments in Monaco

The average price per square meter in Monaco is among the highest worldwide, reflecting the scarcity of land, strong international demand, and prestige of the location. Prices differ depending on the district, the quality of the building, and the views offered. Central areas and waterfront locations command the highest rates, while older buildings or less central spots remain slightly more accessible.

  • Average in central Monaco: €45,000–€55,000/sqm
  • Prime locations with sea view: €60,000–€100,000/sqm
  • Older or less central properties: €30,000–€40,000/sqm

Even minor differences in location, floor level, or building amenities can lead to significant price variations, making careful market research essential for buyers.

Apartment terrace with a beautiful view of Monaco

Price range according to apartment type and size

Prices in Monaco vary widely depending on apartment type, size, and luxury level. The market is competitive, and limited availability means that buyers often pay a premium for desirable units.

  • Studios (20–40 sqm): €900,000–€2,500,000, mostly in older buildings or compact new developments
  • One-bedroom apartments (40–70 sqm): €2,000,000–€5,000,000, higher if the unit has a sea view or terrace
  • Two-bedroom apartments (70–120 sqm): €4,500,000–€10,000,000, often located in prestigious districts with amenities
  • Three-bedroom and larger (>120 sqm): €8,000,000–€25,000,000+, including modern or renovated units
  • Luxury penthouses or villas: €20,000,000–€100,000,000+, generally with prime locations, panoramic views, and private facilities

This structure shows how size, location, and building standards strongly affect market prices, and why buyers must weigh budget, lifestyle, and long-term investment potential.

Factors affecting apartment prices in Monaco

Apartment prices in Monaco are influenced by a combination of location, physical features, and market conditions. Understanding these factors helps buyers evaluate potential investments more accurately.

  • Location: proximity to the sea, business districts, casinos, and cultural amenities raises the value
  • View: apartments with sea views or panoramic city views command a premium
  • Building quality: modern constructions with elevators, concierge, and gyms cost more
  • Floor level: higher floors often sell at a higher price due to views and privacy
  • Market demand: limited supply and high demand push prices upward
  • Ownership history: new developments or fully renovated units are valued higher than older, untouched apartments
  • Size and layout: larger apartments or functional layouts are more expensive per square meter
  • Amenities: parking spaces, terraces, and private pools can significantly increase the price

These factors create wide price ranges, making the Monaco real estate market dynamic and highly competitive for both local and international buyers.

Bathroom with bathtub in an apartment in Monaco

Buying vs renting: what budget to plan for?

Aspect Buying Renting
Average price per m² €45,000–€55,000 –
Studio / 1-bedroom €900,000–€5,000,000 €2,500–€5,000/month
Two-bedroom €4,500,000–€10,000,000 €5,000–€10,000/month
Three-bedroom €8,000,000–€25,000,000 €10,000–€20,000/month
Transaction fees 4.5–7.5% registration duties None, but security deposit required
Maintenance / charges Building fees, utilities, concierge services Often included in rent, sometimes separate
Investment potential Property can appreciate over time, capital gain possible No long-term asset, only living expenses
Flexibility Less flexible, long-term commitment, harder to relocate High flexibility, easier to move or change location

Choosing between buying an apartment and renting depends on your long-term plans, financial resources, and lifestyle priorities. Buying allows for wealth accumulation and stability, while renting offers mobility and lower initial costs, but no investment return. Understanding these differences helps plan your budget realistically in Monaco’s high-cost real estate market.

A studio apartment in Monaco, typically 20 to 40 square metres, sells for between €900,000 and €2,500,000, depending on the building's age, location, and condition. Older or less central studios sit at the lower end of this range, while renovated units in central districts reach the upper end.

Yes. Monaco holds the highest average price per square metre of any residential market globally, at €57,569/sqm in 2025 according to the IMSEE. Prime addresses in districts such as Larvotto exceed €71,000/sqm, well above comparable prime markets in Hong Kong, Singapore, or New York.

Monthly rents commonly range from €2,500 to €5,000 for a studio or one-bedroom apartment, up to €10,000 to €20,000 for a three-bedroom unit, with larger or prime-located properties reaching considerably higher. Rent depends heavily on district, sea view, and building standard.

The advertised sale price generally covers the property itself. Registration duties of 4.5% to 7.5%, agency fees, and notarial fees are added separately and are not included in the headline price. Buyers should budget these costs alongside the purchase price itself.

Monaco's land area covers just over 2 square kilometres, with no possibility of horizontal expansion beyond a small number of land-reclamation projects such as Mareterra. This scarcity, combined with the Principality's tax framework and sustained international demand, keeps prices structurally above neighbouring French towns such as Beausoleil or Cap-d'Ail, located minutes away.

Prices eased slightly in 2025, down 1.4% from 2024 according to the IMSEE, after several years of steady increase. Some districts, including Larvotto, still posted gains over the same period, showing that the market moves differently by location even when the overall average declines.

The price per square metre is a market average used for comparison, but Monaco transactions are negotiated per unit, not per square metre: floor level, view, layout, and condition can make two similarly sized apartments differ in price by a wide margin. A local agent's valuation of the specific unit remains more reliable than applying an average rate to its surface area.

Other practical advice

Discover the full selection
Discover the full selection+33 668 78 99 43
Districts of Monaco - Complete Guide to Every Neighbourhood
Settling/Living in Monaco

Districts of Monaco

Read the guide
Buy a Second Home in Monaco - Complete Buyer's Guide
Property search

Buy a Second Home in Monaco

Read the guide
Why Hire a Property Hunter in Monaco ?
Property search

Why Hire a Property Hunter in Monaco ?

Read the guide
Balkin member on the phone with a client

It all starts with a discreet conversation

Your Monaco project deserves more than a transaction,
it deserves a trusted partner.

Speak with our team in confidence,  
and explore how we can assist you.
Arrange a private call
Arrange a private call+33 668 78 99 43