The first time I went to Vegas I stayed at The Plazzo so having to stay at the Monte Carlo is just plain depressing. I booked two rooms for a pretty cheap price and each room came with two beds, the average bathroom, safe, flat screen TV with about 30 channels and a small closet. There was no fridge, microwave or coffee machine, boo. I also hated the body wash and shampoo they had, it made my skin and hair super dry.
Anyways, we stayed on the 7th floor not too close to the elevator and sound wasn't an issue. The location isn't bad at all as it's on the strip and the tram that connects from this hotel will take you to the Bellagio until 4 AM which is pretty helpful in the winter. Even though we stayed in the winter, I was charged the "resort fee" for each room for every day we stayed which ended up being an additional $150 at the end. This was pretty irritating as we didn't use any of the amenities. The casino downstairs is pretty small, the cocktail waitresses took forever on our drink orders and there are very few boutiques for shopping located in this hotel. I'm definitely spending more money to stay somewhere else nicer next time I'm in sin city.