Monolayer 2D metal‐organic framework (MOF) nanosheets, characterized by abundant exposed active sites and tunable structure and function (such as altering the metal nodes or organic ligands), have emerged as a pivotal class of 2D materials, demonstrating irreplaceable applications across diverse research domains in materials and chemistry. This review provides a comprehensive survey of the latest research progress in the synthesis of monolayer 2D MOF nanosheets. Specifically, recent synthetic strategies, including top‐down and bottom‐up methods, are delved and their applications in gas separation, catalysis, sensing platforms, and energy storage are explored. Additionally, the challenges faced in the investigation of monolayer 2D MOF nanosheets are elucidated and future opportunities for these materials as a novel generation of 2D materials are outlined.