Is short-term rental allowed in Monaco?
Yes, for private housing. Owners of apartments in the private sector list them on platforms such as Airbnb or Booking, and Monaco has no specific legislation on occasional furnished rentals. The Government has stated that it monitors the practice and considers rules if short stays affect hotels, the housing market or the peace of residents. Measures under discussion include safety requirements, quality standards and the collection of a tourist tax.
Three limits apply today:
- State-owned housing: subletting is prohibited for tenants of state-owned apartments and holders of a "habitation-capitalisation" contract; a breach leads to the return of the apartment. Monaco counted more than 3,600 state-owned homes at the end of 2019
- Co-ownership rules: the by-laws or internal rules of a building restrict or forbid short stays in some residences
- Leases: a tenant who sublets for a few nights needs a lease that allows subletting or the prior consent of the landlord, under penalty of termination and damages
On the tax side, income from a short-term rental is not subject to income tax in Monaco, but VAT applies when the conditions are met, according to the law firm CMS.
What the rules mean for owners, tenants and guests ?
The short-term rental market in Monaco in figures
The supply of short-term rentals in Monaco remains small. Owners often keep their apartments as second homes or long-term investments, and the value of the properties discourages frequent turnover of guests. Data tools give different counts, depending on the area they cover and the way they define an active listing.
For comparison, Monaco counts 12 hotels with 2,484 rooms and 5,406 beds, according to Petrini. Short-term rentals therefore represent a marginal share of the accommodation offer, and the Government noted that their rates do not compete with those of the hotels. Some listings presented as « Monaco » sit in Beausoleil or Cap-d'Ail, on French territory, which explains part of the gap between the sources.
Read the figures as orders of magnitude rather than exact values. A rate of $426 or $549 per night is an average over the year: an apartment rents far above this level during the Grand Prix week and below it in winter. Occupancy follows the same pattern, with full calendars around the events and empty weeks outside them. If you plan a stay outside the event dates, negotiate the rate and the cancellation terms with the host.
Events that drive short-term demand
Demand for a few nights or a few weeks follows the event calendar of the Principality. Prices climb sharply on these dates, and apartments with a view on the action rent months in advance.
- Monaco Grand Prix: from 4 to 6 June 2027, with a first sprint weekend in Monaco
- Monaco Historic Grand Prix: every two years in April
- Rolex Monte-Carlo Masters: the tennis tournament of the Monte-Carlo Country Club, each April
- Monaco Yacht Show: each September in Port Hercule
- Rallye Monte-Carlo: each January, with its ceremonial start in the Principality
For the Grand Prix, apartments with a view on the circuit attract a specific demand. Browse our apartments with Grand Prix views in Monaco.
Short-term, seasonal or long-term rental : which formula ?
The right formula depends on the length of your stay and on your plans in Monaco.
If you plan to settle in the Principality, a long-term lease gives you a stable address for your projects. Read our guide to long-term rental in Monaco for the steps and the documents.
Renting just across the border : the French rules
Many short stays « in Monaco » take place in the neighbouring French communes, such as Beausoleil, Cap-d'Ail or Roquebrune-Cap-Martin. There, French law applies, and the Le Meur law of 19 November 2024 tightened the rules on furnished tourist rentals.
As a guest, check the exact address of the listing: a view « over Monaco » often means an apartment in France, with a different price level, different rules and a longer walk to the events.
Checklist before you book or list a short-term rental
If you rent as a guest
- Check the address and the commune: Monaco or the French side
- Read the house rules of the building: noise, access, parking and lifts
- Agree on the deposit, the inventory at arrival and departure, and the cancellation terms
- Book early for the Grand Prix and the Yacht Show, as supply stays limited
If you rent as an owner
- Read the co-ownership by-laws before any listing
- Adapt your insurance to a furnished rental with frequent guests
- Check your VAT position with an accountant
- Prepare an inventory, a deposit and a clear set of house rules
- Entrust the management to a professional if you live abroad: guest selection, check-in, cleaning and maintenance
Our guide to renting out your property in Monaco explains the options for owners, and our analysis of the Monaco rental market gives the current rent levels.
Alternatives for a stay of several months
For a stay longer than a few weeks, a furnished rental or a long-term lease often offers more choice and more stability than a platform. Browse our furnished apartments for rent in Monaco, our apartments for rent in Monaco and our selection of luxury properties for rent in Monaco.
Owners who prefer steady income without the turnover of short stays entrust their apartment to our property management team, with tenant selection, monthly reporting and payment to the owner within seven days. At Balkin, our team supports guests, tenants and owners since 2005. Arrange a private consultation to discuss your project.
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