In this handout provided by Tom Ford, rapper Jay Z and singer Beyonce attend the TOM FORD Autumn/Winter 2015 Womenswear Collection Presentation at Milk Studios on February 20, 2015 in Los Angeles, California.

In this handout provided by Tom Ford, rapper Jay Z and singer Beyonce attend the TOM FORD Autumn/Winter 2015 Womenswear Collection Presentation at Milk Studios on February 20, 2015 in Los Angeles, California.

*Beyonce and Jay Z are renting a Los Angeles home for $150,000 a month — and that’s a discount.

The couple agreed on a 12-month lease 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.

See pics of the property below:

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Their friend Gwyneth Paltrow was said to be instrumental in the couple’s decision to relocate from New York City to Los Angeles, saying it’s a better place to raise a family.

An insider said: “Gwyneth was telling Jay and Bey about the quality of life for her kids in LA and really swayed Beyoncé and Jay to make the move. It’s all for Blue Ivy.”

BeyonJay might also be sending Blue to the same school as Gwyneth’s children.

As previously reported, the couple, who plan to keep their apartment in New York, have already enrolled their only child in a private school that costs $15,080 per year.