The application of low‐cost air quality monitoring networks has substantially grown over the last few years, following the technological advances in the production of cheap and portable air pollution sensors, thus potentially greatly increasing the limited spatial information on air quality conditions provided by traditional stations. However, the use of low‐cost air quality sensors still presents many limitations, mostly related to the reliability of their measurements. Despite the increasing number of papers focusing on these issues, some of the challenges connected to the use of low‐cost air quality sensors are still poorly investigated and understood, considering in particular those related to long‐term applications of low‐cost air quality networks and their integration within the reference air quality monitoring system. The present review aims at filling this gap, by analysing the characteristics of low‐cost air quality monitoring networks that were run across long‐term field campaigns, including their geographical location, the pollutants monitored, the type and number of stations employed, and the length of the field campaign, with a particular attention on assessing the aims for their deployment and on the evaluation of their integration within official air quality monitoring networks. Moreover, a critical analysis of the most insightful suggestions and recommendations delivered in the literature, as well as of the relevant critical issues, is presented, highlighting still open research areas and outlining future challenges.