Jennifer Aniston and Justin Theroux have moved into a two-bedroom home.

The couple are reportedly renting the small $3 million property in Hollywood after the 'Horrible Bosses' actress sold her lavish Beverly Hills mansion for $38 million.

A source told Us Weekly: "One bedroom is the master and the other is currently furnished as a guest room.

"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."

According to X17 Online, Jennifer and Justin's new home boasts hardwood floors, vaulted ceilings, a pool, hidden garden and a garage which has been converted into a family room.

The source added: "They're really excited about it."

The small property may surprise some people as the couple had been seen viewing a number of mansions to replace the one Jennifer sold, and in late July were looking at up to six a day, including Ellen Degeneres and Portia De Rossi's house.

In April, the former 'Friends' beauty purchased the 17th and 18th floors of an apartment building in New York for more than $7 million.