May 31, 1987 Circuit de Monaco | Lap distance 3.328 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 12 | Ayrton Senna (BRA) | Team Lotus 99T | Honda RA167G | Goodyear | 78 | 1:57'54.085 | 2 | 1'23.711 | 1 | 1'27.685 | (72) | |
| 2 | 6 | 6 | Nelson Piquet (BRA) | Williams FW11B | Honda RA167G | Goodyear | 78 | 1:58'27.297 | +33.212 | 3 | 1'24.755 | 3 | 1'28.642 | (49) |
| 3 | 4 | 27 | Michele Alboreto (ITA) | Ferrari F1-87 | Ferrari 033 | Goodyear | 78 | 1:59'06.924 | +1'12.839 | 5 | 1'26.102 | 5 | 1'28.914 | (58) |
| 4 | 3 | 28 | Gerhard Berger (AUT) | Ferrari F1-87 | Ferrari 033 | Goodyear | 77 | 1:57'57.226 | +1 lap | 8 | 1'26.323 | 7 | 1'29.220 | (51) |
| 5 | 2 | 3 | Jonathan Palmer (GBR) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 76 | 1:57'54.207 | +2 laps | 15 | 1'28.088 | 12 | 1'30.817 | (20) |
| 6 | 1 | 16 | Ivan Capelli (ITA) | March 871 | Ford Cosworth DFZ | Goodyear | 76 | 1:58'21.402 | +2 laps | 19 | 1'29.147 | 11 | 1'30.502 | (48) |
| 7 | 9 | Martin Brundle (GBR) | Zakspeed 871 | Zakspeed 871 | Goodyear | 76 | 1:58'52.282 | +2 laps | 14 | 1'27.894 | 19 | 1'31.619 | (44) | |
| 8 | 19 | Teo Fabi (ITA) | Benetton B187 | Ford F1 | Goodyear | 76 | 1:59'21.092 | +2 laps | 12 | 1'27.622 | 13 | 1'31.207 | (22) | |
| 9 | 1 | Alain Prost (FRA) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 75 | 1:54'04.621 | +3 laps | 4 | 1'25.083 | 4 | 1'28.891 | (39) | |
| 10 | 11 | Satoru Nakajima (JPN) | Team Lotus 99T | Honda RA167G | Goodyear | 75 | 1:58'32.081 | +3 laps | 17 | 1'28.890 | 20 | 1'32.265 | (61) | |
| 11 | 25 | René Arnoux (FRA) | Ligier JS29B | Megatron | Goodyear | 74 | 1:58'14.833 | +4 laps | 22 | 1'30.000 | 22 | 1'32.417 | (47) | |
| 12 | 26 | Piercarlo Ghinzani (ITA) | Ligier JS29B | Megatron | Goodyear | 74 | 1:58'18.059 | +4 laps | 20 | 1'29.258 | 21 | 1'32.389 | (47) | |
| 13 | 14 | Pascal Fabre (FRA) | AGS JH22 | Ford Cosworth DFZ | Goodyear | 71 | 1:59'15.352 | +7 laps | 24 | 1'31.667 | 24 | 1'35.699 | (8) | |
| Retirement | ||||||||||||||
| overheating | 18 | Eddie Cheever (USA) | Arrows A10 | Megatron | Goodyear | 59 | 1:30'17.694 | 6 | 1'26.175 | 9 | 1'29.905 | (21) | ||
| gearbox | 17 | Derek Warwick (GBR) | Arrows A10 | Megatron | Goodyear | 58 | 1:28'50.031 | 11 | 1'27.294 | 6 | 1'29.048 | (57) | ||
| engine | 2 | Stefan Johansson (SWE) | McLaren MP4-3 | TAG TTE PO1 | Goodyear | 57 | 1:29'13.818 | 7 | 1'26.317 | 8 | 1'29.758 | (38) | ||
| engine | 30 | Philippe Alliot (FRA) | Lola LC87 | Ford Cosworth DFZ | Goodyear | 42 | 1:07'37.768 | 18 | 1'29.114 | 14 | 1'31.271 | (19) | ||
| electrical | 7 | Riccardo Patrese (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 41 | 1:17'45.468 | 10 | 1'26.763 | 10 | 1'30.077 | (39) | ||
| electrical | 21 | Alex Caffi (ITA) | Osella FA1I | Alfa Romeo 890T | Goodyear | 39 | 1:08'01.367 | 16 | 1'28.233 | 17 | 1'31.474 | (16) | ||
| suspension | 8 | Andrea de Cesaris (ITA) | Brabham BT56 | BMW M12/13/1 | Goodyear | 38 | 1:00'00.034 | 21 | 1'29.827 | 18 | 1'31.511 | (16) | ||
| turbo | 5 | Nigel Mansell (GBR) | Williams FW11B | Honda RA167G | Goodyear | 29 | 43'35.592 | 1 | 1'23.039 | 2 | 1'28.049 | (26) | ||
| electrical | 24 | Alessandro Nannini (ITA) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 21 | 32'48.506 | 13 | 1'27.731 | 16 | 1'31.393 | (10) | ||
| accident | 4 | Philippe Streiff (FRA) | Tyrrell DG016 | Ford Cosworth DFZ | Goodyear | 9 | 14'27.681 | 23 | 1'30.143 | 23 | 1'32.715 | (8) | ||
| transmission | 20 | Thierry Boutsen (BEL) | Benetton B187 | Ford F1 | Goodyear | 5 | 7'52.593 | 9 | 1'26.630 | 15 | 1'31.300 | (4) | ||
| Disqualified | ||||||||||||||
| -- | 10 | Christian Danner (GER) | Zakspeed 871 | Zakspeed 871 | Goodyear | 0 | ||||||||
| Not started | ||||||||||||||
| accident | 23 | Adrián Campos (ESP) | Minardi M187 | Motori Moderni 6VTC | Goodyear | 1'30.805 | ||||||||
