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Moving on up! Katie Holmes buys $4 million NYC apartment

Kristyn Burtt is an LA-based entertainment reporter who has covered everything from 'Dancing With the Stars' to the Oscars. If she’s not on the red carpet, she’s at home in yoga pants watching Netflix and eating potato chips.

Nothing says settling into NYC quite like Katie Holmes' new $4 million home

It's been two years since Katie Holmes divorced Tom Cruise, but she's finally putting down roots in New York City.

The 35-year-old mom and her daughter, Suri, are moving out of their $12,500-per-month rental in the Chelsea neighborhood of Manhattan. According to Us Weekly, she is buying a $4 million apartment in a more family-friendly area of midtown.

EXCLUSIVE: Take a look at The Giver's Katie Holmes character poster >>

The entertainment magazine's source said, "She is buying in a more neighborhood-y area. The place has three bedrooms, and she needs to do some work to it but not much."

The reasons for the move were really based on her 8-year-old's needs. The insider shared that The Giver star "wanted more of a neighborhood for her daughter."

This holds true to Holmes' Midwestern values that she treasures so much. The mother-daughter duo spend as much time with her family in Ohio that her work schedule will allow.

Tom Cruise admits Scientology caused split with Katie Holmes >>

In her recent Glamour magazine cover interview, she talked about where she is in her life when it comes to dating.

"I am really focused on motherhood and work right now," she explained. "I think you don't know... I didn't know how much love I had in me. It's overwhelming. Everyday I discover more about this spectacular human being I get to be the mother of."

Cruise and Holmes divorced back in 2012 due to her fears about raising their daughter in the Church of Scientology. The mother-of-one has since enrolled her child in a private school in the city where she leads a relatively normal life and away from the church.

It looks like Katie and Suri have found their home in the Big Apple.

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