When it comes to Jay-Z and Beyonce's baby Blue Ivy, it's clear that money is no object. The couple reportedly rents a swank nursery at Barclays Center for a cool $1 million per year.

According to Us Weekly, the luxurious lower-level accommodations are outfitted with plenty of goodies for the baby girl. "Jay rents a luxurious basement suite for $1 million a year," the source says. "It has an area for Blue filled with toys."

Of course, Blue Ivy doesn't get to have all the fun. The magazine also reports that the rapper has his own VIP space, which is the most expensive of 11 boxes for rent. Just to give you an idea, the average space goes for $550,000. "It's all glass with a champagne bar and TV screen," says the source. "Jay lets friends use his digs when he's not there."

Blue Ivy has experienced much of the luxe life, and there's no doubt that her parents will throw her the party of the year since she turned 1 today (Monday, Jan. 7). A word to invited guests, don't even think about getting her a pair of kicks. The tiny tot allegedly already has a pair of Swarovski-encrusted sneakers specially designed by Ruthie Davis.

Listen to Jay-Z, 'Glory' Feat. Blue Ivy