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The average cost for a knee MRI, which stands for magnetic resonance imaging, is about $770, as of 2014, according to Healthcare Bluebook. This is the price for an MRI with no contrast.
1 Depending on whether or not contrast is used, the prices are going to be anywhere from as little as $700 to as much as $2,300. 2  A lumbar spine MRI without contrast will usually be 30% cheaper. 3  Newchoicehealth.com states that a lumbar spine MRI can cost anywhere from as little as $1,450 to as much as $6,000. A lumbar spine MRI without contrast will usually be 30% cheaper. 2  Newchoicehealth.com states that a lumbar spine MRI can cost anywhere from as little as $1,450 to as much as $6,000.