"My life needs to be simplified," Jennifer Aniston announced earlier this year.

And that's exactly what she did. After selling her palatial Beverly Hills pad for $38 million in June, the 42-year-old actress and her 40-year-old beau Justin Theroux recently moved into a 1,761-square-foot house in the Hollywood Hills.

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"They didn't want to buy a house right away," an Aniston source tells the new issue of Us Weekly (out now). Instead, the duo decided to rent the fully-furnished space for $17,500 a month.

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"One bedroom is the master and the other is currently furnished as a guest room," an Aniston insider recently told Us. "It is a really romantic house with great views and a warm feeling in every room. If they decide they like it, it's also for sale."

The master suite includes vaulted ceilings and French doors, which lead to an ozone pool and spa. The home also features a converted garage that has been turned into a family room, three fireplaces and a hidden garden.

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The private $3 million abode is close to Aniston's favorite hot spot Sunset Tower, as well as fellow celebrities Leonardo DiCaprio, Halle Berry and Ryan Phillippe.

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