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Taking a trip to Monaco, known as the playground of the rich and famous, might seem like it’s way out of your budget. Famous for its opulence and extravagance, Monaco has earned the reputation of being the world’s most expensive country. However, don’t be quick to dismiss this tiny Mediterranean country from your travel plans. I recently visited Monaco and had a blast without spending any money!
In this guide, we’ll unveil the secrets to experiencing Monaco on a budget, proving that you can witness the lavishness, explore amazing landscapes, and immerse yourself in its culture without overspending. No matter what your budget is, our tips and insights will help you discover a side of Monaco that goes beyond its extravagant surface – a side that’s accessible, rewarding, and unforgettable, even on a budget.
Table of Contents
Where is Monaco?
Monaco is located on the French Riviera, bordered on the south by the Mediterranean Sea and surrounded by southern France. It is located about 13 kilometers (about 8 miles) away from Nice, France, and about 16 kilometers (about 10 miles) from the Italian border.
How to Get to Monaco
Monaco is easily accessible via public transportation. I recommend using the SNCF train, which is the state-owned railway in France. You can find trains to Monaco from any major city in France, and even from Ventimiglia right across the border in Italy.
I took the SNCF train from Nice, France, and paid 4.40 euros (about $4.80 USD). The ride was only about 30 minutes long.
There are also several buses that will take you to Monaco from neighboring French towns, but I would generally recommend taking the train for efficiency.
Monaco's Claim to Fame
Monaco’s reputation as a haven for the world’s elite is unrivaled, attracting celebrities, royalty, and high rollers alike. Here’s a closer look at the factors that have contributed to Monaco’s remarkable claim to fame:
Casino de Monte-Carlo
Monaco’s main claim to fame is undoubtedly the extravagant Casino de Monte-Carlo, an iconic symbol of luxury and elegance. This famous casino has intricate architecture and legendary history and has set the stage for high-stakes gambling for over a century.
F1 Grand Prix
Monaco’s streets transform into a racetrack each year for the Formula 1 Monaco Grand Prix. This prestigious event attracts racing enthusiasts from around the globe to witness the intense action amidst Monaco’s captivating backdrop.
Royal Palace
The Grimaldi dynasty’s reign adds to Monaco’s allure, with the majestic Prince’s Palace perched atop the Rock of Monaco. Visitors can witness the Changing of the Guard and explore the palace’s history, immersing themselves in the lives of Monaco’s royalty.
World-Famous Yacht Club
Monaco’s packed marinas are a testament to its reputation as a yachting haven. The annual Monaco Yacht Show draws attention to the world’s most luxurious superyachts. No matter what time of year, you will see Monaco’s harbors filled with huge yachts.
Monaco on a Budget
Monaco is considered to be the most expensive country in the world. Like most travelers, doing certain activities in Monaco would quickly empty my bank account. Here is a list of free or inexpensive activities that are perfect for visiting Monaco on a budget:
Visit the Japanese Garden
Just a short distance from the wild nightlife and luxury of Monte Carlo lies a Japanese Garden. This peaceful garden has a pond, islands, a waterfall, a tea house, and a Zen garden. It is the perfect escape to a relaxing environment. Entry to the Japanese Garden is free every day from 9 am to 5:45 pm (or 6:45 pm, depending on the season).
Check out the Luxury Cars
I’m not a huge car person, but I can appreciate the look of luxury cars. In Monaco, you will see them everywhere. There are several luxury dealerships that I passed, including a Ferrari dealership. If you want to see the most luxurious cars, head over to the Place du Casino. This plaza is surrounded by several hotels and casinos, and I saw several Lamborghinis, Bentleys, McLarens, and other supercars that I couldn’t recognize.
Visit the Place du Casino
In addition to seeing the luxury cars of Monaco, Place du Casino, or Casino Square, is a great place to visit for other reasons. There are a couple of casinos (hence the name) that surround the square, including the world-famous Casino de Monte-Carlo. The Hotel de Monte-Carlo also borders the square. This famous hotel is frequented by celebrities and also exhibits beautiful architecture. The square also has a couple of fountains and a cafe that draws in more visitors. This was the busiest part of Monaco that I saw. I also enjoyed sitting down here and people-watching.
Supercars at the Place du Casino.
Stop by the "free" Casino Café de Paris
Located at the Place du Casino, near the world-famous Casino de Monte-Carlo, lies the smaller Casino Café de Paris. This casino is free to enter, while the Casino de Monte-Carlo charges a cover fee to enter. If you are visiting Monaco on a budget, I would recommend going to this casino. All you need is a passport or form of ID to enter.
Note: If you are from the US, I recommend checking out the roulette table. In Europe, there is only 1 “0” and no “00“. That slightly increases your chances of winning. After including everything I spent, I ended up leaving Monaco about $100 richer thanks to the roulette table.
Admire the Architecture
Monaco’s landscape is filled with remarkable architecture that shows off its rich heritage and contemporary sophistication. The Casino de Monte-Carlo is a great example of Belle Époque design, and is especially impressive at night. The Prince’s Palace showcases intricate facades that narrate Monaco’s royal history. Churches like the Monaco Cathedral offer unique styles and artistic designs. The Fontvieille district in the south boasts modern marvels that blend perfectly with its coastal views. Finally, the Larvotto district in the northeast has its own unique architecture that combines modernity with Mediterranean tradition.
Enjoy a beach view of the sunrise
Larvotto Beach is located near Monte Carlo and is free to the public. However, like most beaches in the French Riviera, there is no sand, only small pebbles. You may decide to pay to rent a chair. Regardless, if you decide to spend the night in Monaco (whether in a hotel, casino, or partying), this is a great place to view the sunrise.
Attend a free event or performance
One surprising thing about Monaco is that there is a free performance or event available almost every day! These can include performances at the Opera de Monte Carlo, events at the Oceanographic Museum of Monaco, or events at other museums and libraries around the country. You can find a list of events happening in Monaco here.
Where to Stay in Monaco
There are a few different options to choose from when deciding where to stay in Monaco. Generally, if you are on a budget, I would recommend staying nearby in France and just commuting to Monaco. Here are a few options based on different budgets:
If you are on a budget, the Baccarat Hostel in Nice, France is the way to go. Not only is this much more affordable than any accommodation in Monaco, but it is also one of the most affordable in Nice! After exploring Nice, you easily visit Monaco via a 30-minute train ride.
If you would prefer your own room, then I would recommend staying at Hotel Trocadero in Nice. This is where I stayed, and I really liked how close it was to the Nice Train Station (less than a 5-minute walk!). It was really convenient for when I came back from Monaco late at night and wanted to immediately go to sleep.
If you prefer to stay in Monaco, I would recommend the Hotel Ambassador-Monaco. This is the highest-rated and least expensive hotel in Monte Carlo. It is conveniently located near the Monaco Train Station, and only a few minutes walk from the Place du Casino.
Check out the map below for available accommodations.
FAQs about Monaco
1. How big is Monaco?
Monaco is one of the smallest countries in the world, with a total area of about 2.02 square kilometers (0.78 square miles). Only Vatican City is smaller than Monaco.
2. What is the capital of Monaco?
Monaco does not have a capital, so the capital is often listed as “Monaco”. Monte Carlo is often confused for the capital because it is the biggest quarter in Monaco.
3. Is everyone in Monaco rich?
Monaco has the highest number of billionaires per capita in the world. About 1/3 of the population are at least millionaires.
4. Why is Monaco so expensive?
Monaco’s high cost of living is attributed to its limited space, luxury lifestyle, and tax haven status, attracting wealthy residents and tourists.
5. What language is spoken in Monaco?
French is the official language of Monaco. Several other European languages, such as English and Italian, are also commonly spoken here. However, you will likely hear languages from all over the world in Monaco from tourists who come to visit.
