Jay Z And Beyonce Leased A $45 Million Mansion For A Year In LA

America's royal couple of hip-hop now has a palace fit to live in.

Musical icons Jay Z and Beyoncé are renting an enormous $45 million manor in the swanky Holmby Hills neighborhood of west Los Angeles, TMZ is reporting.

The dynamic duo is reportedly shelling out approximately $150,000 per month for the stunning 20,000-square-foot mansion. Their new pad includes a luxurious indoor Olympic-sized pool, as well as a scenic outdoor swimming hole, complete with a flowing waterfall and ornate formal gardens.

They signed a one-year lease, according to the celebrity gossip site.

Former Los Angeles Dodgers owner Frank McCourt used to call the elegant estate home before selling it last year to an undisclosed British billionaire, who ultimately decided to rent it out.

Jay Z and Beyoncé can certainly afford the extravagant monthly installments – they have a combined fortune estimated at $1 billion, according to the Celebrity Net Worth website.

Their latest high-priced rental comes just one month after the couple was booted from their last lavish L.A. rental when the owner sold it for $35.5 million. The two artists were given a chance to purchase the plush pad themselves, but they chose not to outbid the deep-pocketed buyer.

Jay Z , the consummate New Yorker behind “Empire State of Mind,” and Beyoncé, who hails from Houston, reportedly chose to move to L.A. because they believe it's a good place to raise their 3-year-old daughter, Blue Ivy.

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