Circuit de Monaco (1986-1996) Results from the 1987 Monaco Grand Prix Formula Three held at Monte Carlo on May 30, 1987, in the Circuit de Monaco.
| Pos | Driver | Constructor | Laps | Time/Retired |
| 1 |  Didier Artzet | Ralt RT31-Volkswagen | 24 | 39.52,930 |
| 2 | Jean Alesi | Dallara F387-Alfa Romeo | 24 | 39.33,455 |
| 3 |  Johnny Herbert | Reynard 873-Volkswagen | 24 | 39.46,063 |
| 4 |  Nicola Larini | Dallara F387-Alfa Romeo | 24 | 39.50,520 |
| 5 | Alberto Apicella | Dallara F387-Alfa Romeo | 24 | 39.54,501 |
| 6 | Fabien Giroix | Dallara F387-Alfa Romeo | 24 | 39.58,730 |
| 7 | Jean-Noel Lanctuit | Ralt RT31-Volkswagen | 24 | 39.59,244 |
| 8 |  Bernd Schneider | Dallara F387-Volkswagen | 24 | 39.59,618 |
| 9 | Éric Chéli | Ralt RT31-Toyota | 24 | 40.22,433 |
| 10 | Érik Comas | Ralt RT31-Alfa Romeo | 24 | 40.40,627 |
| 11 |  Éric Bachelart | Ralt RT31-Volkswagen | 24 | 40.46,524 |
| 12 | Jacques Goudchaux | Dallara F387-Alfa Romeo | 24 | 40.49,782 |
| 13 | Hervé Leclerc | Reynard 873-Volkswagen | 24 | 40.54,482 |
| 14 |  Peter Kox | Reynard 873-Volkswagen | 24 | 40.57,053 |
| DNF |  Víctor Rosso | Ralt RT31-Volkswagen | 18 | 30.34,122 |
| DNF |  Philippe Favre | Reynard 873-Alfa Romeo | 17 | 28.50,797 |
| DNF | Éric Bernard | Ralt RT31-Alfa Romeo | 14 | 23.36,184 |
| DNF | Enrico Bertaggia | Dallara F387-Alfa Romeo | 13 | 21.50,270 |
| DNF | Rinaldo Capello | Reynard 873-Alfa Romeo | 11 | 19.14,495 |
| DNF | Philippe Gache | Reynard 873-Volkswagen | 0 | |
| DNF | Eugenio Visco | Reynard 873-Volkswagen | 0 | |
| DNF | Andrea Chiesa | Dallara F387-Alfa Romeo | 0 | |
