CNN reached out to Lockhart, who declined to comment on the news, which was first reported by Politico.
The house was built in 1928 and has nine bedrooms and eight-and-a-half bathrooms. It was sold in 2014 for more than $5 million.
Obama has said he and his family will remain in Washington home after he departs 1600 Pennsylvania Avenue in January 2017, a change from most former presidents.
"We're going to have to stay a couple of years in D.C. probably so Sasha can finish," he said in March about his youngest daughter. "Transferring someone in the middle of high school? Tough."
The Lockhart house is an 8,200-square-foot brick Tudor, and might cost $22,000 a month to rent, according to an estimate on the real estate website Zillow. It is currently valued at $7 million, according to D.C. tax assessments. It has a generous living room and dining room, a finished downstairs family room/media room, and an au-pair suite, which could be useful to the Obama family since First Lady Michelle Obama's mother has been living with the family for years. When it was last listed for sale, it was described as meticulously renovated, with gracious living rooms, exquisite finishes, a stunning oversized terrace with formal gardens, and a courtyard with enough space for 8-10 vehicles.
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