Results from the 1997 Monaco Grand Prix Formula Three held at Monte Carlo on May 10, 1997, in the Circuit de Monaco.
| Pos | Driver | Constructor | Laps | Time/Retired |
|---|---|---|---|---|
| 1 | Nick Heidfeld | Dallara F397-Opel | 24 | 37.35,297 |
| 2 | Wolf Henzler | Martini MK73-Opel | 24 | 37.57,694 |
| 3 | Patrice Gay | Dallara F396-Opel | 24 | 37.58,593 |
| 4 | David Saelens | Dallara F396-Opel | 24 | 37.59,414 |
| 5 | Sébastien Philippe | Dallara F396-Opel | 24 | 38.07,350 |
| 6 | Sascha Bert | Dallara F397-Opel | 24 | 38.08,537 |
| 7 | Bas Leinders | Dallara F397-Opel | 24 | 38.10,967 |
| 8 | Maurizio Mediani | Dallara F396-Fiat | 24 | 38.11,330 |
| 9 | Niki Cadei | Dallara F396-Fiat | 24 | 38.12,340 |
| 10 | Paolo Ruberti | Dallara F396-Fiat | 24 | 38.12,978 |
| 11 | Oliver Martini | Dallara F397-Opel | 24 | 38.13,902 |
| 12 | Tim Verbergt | Dallara F397-Opel | 24 | 38.14,288 |
| 13 | Alexander Müller | Dallara F397-Opel | 24 | 38.31,856 |
| 14 | Steffen Widmann | Dallara F397-Opel | 24 | 38.36,662 |
| 15 | Alfredo Melandri | Dallara F396-Fiat | 24 | 38.38,889 |
| 16 | Damien Bianchi | Dallara F396-Mugen-Honda | 24 | 38.39,505 |
| 17 | Marco Barindelli | Dallara F396-Opel | 24 | 38.54,522 |
| 18 | Gabriele Gardel | Dallara F396-Fiat | 24 | 39.07,363 |
| 19 | Dominik Schwager | Dallara F397-Opel | 19 |