Jackie Stewart won the Monaco Grand Prix 1971 at Circuit de Monaco on 23 May 1971, starting from pole position. Ronnie Peterson finished second for March-Ford, with Jacky Ickx completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Jackie StewartSTE | Tyrrell | 80 | 1:52:21.3 | 9 | |
| 2 | 6 | Ronnie PetersonPET | March-Ford | 80 | +25.6 | 6 | |
| 3 | 2 | Jacky IckxICK | Ferrari | 80 | +53.3 | 4 | |
| 4 | 6 | Denny HulmeHUL | McLaren | 80 | +1:06.7 | 3 | |
| 5 | 17 | Emerson FittipaldiFIT | Lotus-Ford | 79 | +1 Lap | 2 | |
| 6 | 16 | Rolf StommelenSTO | Surtees | 79 | +1 Lap | 1 | |
| 7 | 10 | John SurteesSUR | Surtees | 79 | +1 Lap | 0 | |
| 8 | 13 | Henri PescaroloPES | March-Ford | 77 | +3 Laps | 0 | |
| 9 | 5 | Pedro RodríguezROD | BRM | 76 | +4 Laps | 0 | |
| 10 | 18 | Tim SchenkenSCH | Brabham | 76 | +4 Laps | 0 | |
| R | 3 | Jo SiffertSIF | BRM | 58 | Oil pipe | 0 | |
| R | 7 | Jean-Pierre BeltoiseBEL | Matra | 47 | Differential | 0 | |
| R | 4 | Chris AmonAMO | Matra | 45 | Differential | 0 | |
| R | 11 | Clay RegazzoniREG | Ferrari | 24 | Accident | 0 | |
| R | 14 | Peter GethinGET | McLaren | 22 | Accident | 0 | |
| R | 12 | Reine WisellWIS | Lotus-Ford | 21 | Wheel bearing | 0 | |
| R | 15 | François CevertCEV | Tyrrell | 5 | Accident | 0 | |
| R | 9 | Graham HillHIL | Brabham | 1 | Accident | 0 | |
| F | 0 | Howden GanleyGAN | BRM | 0 | Did not qualify | 0 | |
| F | 0 | Mario AndrettiAND | Ferrari | 0 | Did not qualify | 0 | |
| F | 0 | Alex Soler-RoigSOL | March-Ford | 0 | Did not qualify | 0 | |
| F | 0 | Skip BarberBAR | March-Ford | 0 | Did not qualify | 0 |