In 1990 Beilinson, Lusztig and MacPherson provided a geometric realization of modified quantum $mathfrak{gl}_n$ and its canonical basis. A key step of their work is a construction of a monomial basis. Recently, Du and Fu provided an algebraic construction of the canonical basis for modified quantum affine $mathfrak{gl}_n$, which among other results used an earlier construction of monomial bases using Ringel-Hall algebra of the cyclic quiver. In this paper, we give an elementary algebraic construction of a monomial basis for affine Schur algebras and modified quantum affine $mathfrak{gl}_n$.
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