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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.
MRI is the investigation of choice for comprehensive imaging of the knee. Many of the cysts are non-palpable and these patients present with knee pain hence MRI can demonstrate the meniscal tear as well as the cyst. Intracystic signal characteristics include: T2: high signal (but often not as high as synovial fluid 4) T1 C+ (Gd): no enhancement.