A source tells Us Weekly that the single mom to Suri Cruise is moving from Manhattan's trendy Chelsea neighborhood to a more family-friendly area in Midtown NYC, where she's looking at a $4 million apartment.
Though the price tag of the mother-daughter duo's new abode is hefty, Holmes currently pays a whopping $12,500 per month to rent her current apartment downtown.
"She is buying in a more neighborhood-y area," the source tells Us of Holmes' new home. "The place has three bedrooms, and she needs to do some work to it but not much."
The insider adds that Tom Cruise's ex "wanted more of a neighborhood for her daughter."
Holmes emphasized 8-year-old Suri's importance in her life in her latest interview with Glamour. "I am really focused on motherhood and work right now," she responded to dating inquiries. "I think you don't know—I didn't know how much love I had in me. It's overwhelming. Every day I discover more about this spectacular human being I get to be the mother of."