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Renting in Monaco involves several cost layers beyond the base monthly rent. According to Petrini Exclusive Real Estate Monaco (2024), a studio of 30–40 m² typically rents for between 2,500 EUR/mois and 4,000 EUR/mois, with peaks at 5,000 EUR/mois in the Carré d'Or. Utilities — electricity, water, gas, and internet — are generally not included in the rent and are billed separately to the tenant.
There is no local residential property tax (taxe d'habitation) applicable to tenants in Monaco. The minimum lease duration is one year, and landlords routinely require a bank reference letter as proof of financial standing (Monaco Properties, 2024).
Monaco in brief for international students: The main higher education institution is the International University of Monaco (IUM) in Monte-Carlo, offering English-taught business programmes. Renting within Monaco is expensive — studios start at 2,500 EUR/mois — so most students share flats or rent in nearby Beausoleil or Cap-d'Ail (from 700 EUR/mois). The minimum lease is one year, and upfront costs are high: expect a deposit of three to four months' rent, three months' advance rent, agency fees, and a mandatory lease registration fee. Home insurance is compulsory before signing. Start your search early and prepare a complete financial dossier.
Finding long-term rental accommodation as an international student in Monaco requires a clear understanding of the local market. The International University of Monaco (IUM), located in Monte-Carlo, is the Principality's main higher education institution and partners with a dedicated student housing platform accessible to admitted students (IUM / OMNES Education, 2024). Given that studios within Monaco start at around 2,500 EUR/mois (Petrini Exclusive Real Estate Monaco, 2024), most international students either share apartments — with private rooms from approximately 600 EUR/mois — or rent in the adjacent French towns of Beausoleil and Cap-d'Ail, where one-bedroom apartments are available from 700 EUR/mois to 1,200 EUR/mois (Expat Focus, 2024; MasterGradSchools, 2024). The minimum lease term in Monaco is one year, and the rental application process requires a solid financial dossier including a bank reference letter, proof of income or guarantor, and the ability to cover significant upfront costs at signing.
Monaco is one of the world's most expensive rental markets, with studios within the Principality typically renting from 2,500 EUR/mois to 4,000 EUR/mois according to Petrini Exclusive Real Estate Monaco (2024). The main higher education institution is the International University of Monaco (IUM), an English-language business school located in Monte-Carlo, part of the OMNES Education Group, offering BBA, MSc, MBA, and DBA programmes. The minimum lease duration in Monaco is one year, and tenants must budget for a security deposit of three to four months' rent, advance rent of three months, agency fees of 10% of annual rent plus 20% VAT, and a mandatory lease registration fee of 1% of the annual rent (Petrini Exclusive Real Estate Monaco; Miells-Christie's, 2024). Many international students choose to rent in the neighbouring French towns of Beausoleil or Cap-d'Ail, where studios are available from 700 EUR/mois to 1,200 EUR/mois (Expat Focus, 2024), while remaining within easy commuting distance of the IUM campus. The most affordable rental district within Monaco itself is Moneghetti, while La Condamine is popular for its central location and transport connections (Monaco Properties, 2025).
Finding long-term rental accommodation as an international student in Monaco requires a clear understanding of the local market. The International University of Monaco (IUM), located in Monte-Carlo, is the Principality's main higher education institution and partners with a dedicated student housing platform accessible to admitted students (IUM / OMNES Education, 2024). Given that studios within Monaco start at around 2,500 EUR/mois (Petrini Exclusive Real Estate Monaco, 2024), most international students either share apartments — with private rooms from approximately 600 EUR/mois — or rent in the adjacent French towns of Beausoleil and Cap-d'Ail, where one-bedroom apartments are available from 700 EUR/mois to 1,200 EUR/mois (Expat Focus, 2024; MasterGradSchools, 2024). The minimum lease term in Monaco is one year, and the rental application process requires a solid financial dossier including a bank reference letter, proof of income or guarantor, and the ability to cover significant upfront costs at signing.
Monaco is consistently ranked among the most expensive rental markets in the world. For international students enrolled at the International University of Monaco (IUM), managing the rental budget requires careful planning. Within the Principality, even the most affordable studios start at around 2,500 EUR/mois (Petrini Exclusive Real Estate Monaco, 2024). The most budget-conscious option is to share an apartment — a private room in a shared flat starts at approximately 600 EUR/mois (MasterGradSchools, 2024). Alternatively, renting in the French border towns of Beausoleil or Cap-d'Ail, both within walking distance or a short bus ride from the IUM campus, offers studios from 700 EUR/mois to 1,200 EUR/mois (Expat Focus, 2024). Students should also budget for mandatory home insurance, a security deposit of three to four months' rent, and a lease registration fee of 1% of the annual rent (Miells-Christie's, 2024).
The most common mistake made by international students searching for long-term rental accommodation in Monaco is underestimating the total move-in cost. Beyond the first month's rent, tenants must budget for a security deposit equivalent to three to four months' rent, an advance rent payment of three months, agency fees of 10% of the annual rent plus 20% VAT, and a mandatory lease registration fee of 1% of the annual rent (Petrini Exclusive Real Estate Monaco, 2024; Miells-Christie's, 2024). This means the total upfront outlay can easily reach seven to eight months' rent before moving in. A second frequent error is assuming that renting within Monaco is the only option: the French border towns of Beausoleil and Cap-d'Ail offer studios from 700 EUR/mois to 1,200 EUR/mois (Expat Focus, 2024) and are within easy commuting distance of the IUM campus. Finally, students often overlook the mandatory home insurance requirement, which must be arranged before the lease is signed (Miells-Christie's, 2024).
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