Complete basis set limit calculations are carried out for the fcc lattices of solid neon and argon, using second- to fourth-order Moller-Plesset theory, MP2–MP4, and coupled-cluster calculations, CCSDT ,t o describe electron correlation within a many-body expansion of the interaction potential up to third order. A correct description of the three-body Axilrod-Teller-Muto term for the solid state is only obtained from third order on in the many-body expansion of the correlation energy, correcting the severe underestimation of long-range three-body effects at the MP2 level of theory. MP4 shows good agreement with the CCSDT results, and the latter are in good agreement with experimental lattice constants, cohesive energies, and bulk moduli. However, with increasing pressures the convergence of the Moller-Plesset series deteriorates as the electronic band gap decreases, resulting in rather large deviations for the equation of state pressure-volume dependence. For neon, however, the errors in the MP2 two- and three-body terms almost cancel, i.e., at a volume of V =3 cm 3 / mol the MP2 pressure is underestimated by only 1 GPa compared to the pressure of P = 251 GPa calculated at the CCSDT level of theory. In contrast, for argon this is not the case, and at V = 5.5 cm 3 / mol the calculated MP2 pressure of 228 GPa deviates substantially from the CCSDT result of 252 GPa.