Ben Affleck, Jennifer Garner to rent Brooke Shields' home

Ben Affleck and Jennifer Garner will reportedly rent Brooke Shields' home while their house undergoes major renovations.

The 42-year-old actor and 43-year-old actress announced their divorce in June, but will continue to live together to co-parent their three children. The former couple will temporarily relocate to Shields' home in Pacific Palisades, which is just a short distance from their house.

"It's just a matter of convenience because a lot of renovations are being done," an insider told Us Weekly magazine. "They are just going to rent the house for a time until the renovations are complete, not moving into it full time."

"They are going through extreme renovations and it's almost unlivable there now," a source added to People. "[It] is convenient. [Affleck] is with the family for the summer in Atlanta and he will move together with the family -- when they are back -- into the new place temporarily."