The District at 15Fifteen
1515 NJ-10,
Parsippany, NJ 07054
Studio - 2 Beds | $2,664 - $4,462
Rental Market Trends in Cedar Knolls, NJ
Updated September 2026
The average rent in Cedar Knolls, NJ is $2,562/month.
Rent in Cedar Knolls is 54% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.
$2,562/month
Average Rent
821 Sq Ft
Average Size
-9.6%
Change / Year
150
Available Apartments
Cedar Knolls rent varies by unit size and layout:
- Studio apartments in Cedar Knolls average per month.
- One-bedroom apartments in Cedar Knolls average $2,562 per month.
- Two-bedroom apartments in Cedar Knolls average $3,350 per month.
- Three-bedroom apartments in Cedar Knolls average $3,805 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Cedar Knolls, NJ?
In the past year, rent has decreased by 9.6%, which averages out to $246 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Cedar Knolls, NJ
September 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Cedar Knolls, NJ?
Because the average rent in Cedar Knolls is $2,562, you’ll want to make about $8,540 per month or $102,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Cedar Knolls, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Cedar Knolls, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Cedar Knolls Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Morris Plains
Avg Rent: $2,388/month
-
Whippany
Avg Rent: $2,905/month
-
Morristown
Avg Rent: $2,555/month
-
Parsippany
Avg Rent: $2,112/month
-
Florham Park
Avg Rent: $2,974/month
-
East Hanover
Avg Rent: $2,947/month
Apartment Communities in Cedar Knolls We Think You'll Love
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Frequently Asked Questions
What is the average rent in Cedar Knolls?
The average rent in Cedar Knolls is $2,562 per month, which is 53.9% higher than the national average of $1,665.
Are rents going up or down in Cedar Knolls?
Rents in Cedar Knolls, NJ are decreasing, with prices down 9.6% year-over-year and $246 less per month.
What rent range is most common in Cedar Knolls?
In Cedar Knolls, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.