The 2001 Monaco Grand Prix was a Formula One motor race held at the Circuit de Monaco in Monte Carlo on 27 May. It was the seventh race of the 2001 Formula One World Championship. Michael Schumacher won the race for the Ferrari team. His teammate Rubens Barrichello finished second with Jaguar's Eddie Irvine third.

McLaren's David Coulthard qualified in pole position by setting the fastest lap in qualifying, stalled at the start of the formation lap because of an electronic launch control system fault, leading to Schumacher inheriting his position. Schumacher maintained the lead in the first laps with Mika Häkkinen second and Barrichello third. Häkkinen responded to Schumacher's pace before he lost second to Barrichello on lap 13 because his car pulled to the right. Schumacher continued to lead until he made a pit stop on the 55th lap, relinquishing it to Barrichello for four laps. He would return to first position and held it to achieve his fourth victory of the season and the 48th of his career.