Cedar Knolls renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Cedar Knolls is about $1,333 per month. This puts it in the 45th percentile compared to the city average cost of rent, which is $2,096. Households in Cedar Knolls have a median income of $9,689 per month so the average renter in Cedar Knolls is spending roughly 14% of their earnings on housing.
Nationally, and in Cedar Knolls, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cedar Knolls is $404,551 right now, which is lower than nearby neighborhoods, meaning that rents in Cedar Knolls also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Cedar Knolls while lower rent rates are often available in northwestern areas.
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