Can I rent an apartment in Monaco?

The short answer is yes, it is possible to rent an apartment in Monaco. However, it is important to note that the rental market in Monaco is highly competitive and expensive. The demand for apartments in Monaco far exceeds the available supply, making it one of the most expensive rental markets in the world. As a result, the rental prices for apartments in Monaco are among the highest in Europe.

The first thing to consider when looking to rent an apartment in Monaco is the cost. The rental market is highly demanded, with strict requirements in terms of financial capabilities. Therefore, it is essential to have a clear idea of your budget and the type of apartment you are looking for before starting your search.

One of the best ways to find an apartment to rent in Monaco is to work with a real estate agency that specializes in properties in Monaco, like ours. We at Monaco Properties have access to a wide range of properties and can help you find an apartment that meets your needs and budget. Our experienced multilingual team l also provide you with advice on the local rental market and regulations, which can be complex to navigate.

When looking for an apartment to rent in Monaco, it is also important to consider the location. Monaco is a small country, but it has several distinct neighborhoods, each with its own character and amenities. The most popular areas for apartment rentals in Monaco are Monte Carlo, Fontvieille, and La Condamine. Monte Carlo is the most prestigious and expensive area, known for its luxury apartments, casinos, and high-end shopping. Fontvieille is a newer neighborhood, located near the harbor, with modern apartments and beautiful views. La Condamine is the oldest neighborhood, with charming narrow streets, local markets, and traditional buildings.

Another thing to consider when renting an apartment in Monaco is the rental contract. Rental contracts in Monaco are highly regulated and must comply with local laws and regulations. The contract must specify the rental price, the length of the lease, and the conditions for renewal.

Average cost of the rental apartments

The cost of renting an apartment in Monaco can range from €2,000 for a studio to €200,000 or more per month in the most prestigious buildings like ONE Monte Carlo, depending on the location, size, and level of services. Additionally, you need to pay a substantial deposit upfront, typically equal to several months of rent; 3 months in advance for the unfurnished apartment and 6 months for the furnished ones.

The registration fee for the rental contract (which is 1% of the annual rental amount and service charges).