Where to stay to see Monaco Grand Prix

Okay, so after rain and cold at last year's Belgium Grand Prix, I decided I'd like to see some racing in the sun and glamour. I was thinking of going to the Monaco Grand Prix this year (May 21 - 24). Hotels in Monaco are very expensive. Any suggestions on places that would be good to stay to take public transport to the race that might be cheaper but still easy to get to?

Thanks,
Greg

The first place to look would probably be Nice, from memory it's around 20-40mins by train from Monaco maybe, and you don't have to change platforms or anything.

I'm guessing the prices there will be jacked up for the Grand Prix too, but not as expensive as Monaco!

Although Nice is very...uhm nice, I would probably try Menton first, just 10 km away and reached by frequent trains to and from Monaco. The Italian border is just a few km away from Menton, you might even find better deals just across the border in Italy.

Even Menton is showing hotels either all booked out, or charging £1000s per night (at least on the Saturday).

Over the border in Italy seems the best bet right now. Now I just have to wrangle a couple days off from my work, and I could be off!

Yay.

The local rail services along the Cote d'Azur terminate at Ventimiglia (Vintimille in French). From the number of shops called 'Eurodrink' and similar, the French go there to buy cheap booze. It might be a worth a try.

I ended up booking a place in San Remo, Italy. Anything closer was either sold out or way too expensive.

Definately across the border in Italy (as already suggested). Even when the GP isn't in town, the cost of a room close-by is astronomical. It's one of those places where you're bound to see celebs rubbing shoulder to shoulder. Great fun - but have you seen the price of eating and drinking out in a fine restaurant?? Ouch.
There are some OK rooms at reasonable prices to be had in Andora - and there's a good train service from Andora into Monaco. Journey time under 2 hours.