Jay Z and Beyonce settle on $150K per-month house in LA

Beyonce and Jay Z are renting a Los Angeles home for a bargain $150,000 a month.

The couple have been unable to find a property to buy that is suitable for their needs. 

So they have now agreed to a 12-month deal to return to the Holmby Hills mansion they were based in last summer.

According to TMZ, the pair dealt directly with the owners of the seven-bedroom, nine-bathroom 16,000 sq ft property so were able to negotiate a discount from $200,000 to $150,000 a month, based on them signing a longer lease.

A source said: 'Beyoncé and Jay Z are making LA their permanent home based a lot on the advice of their friends.'