Katie Holmes Steps Out in $198 Madewell Dress

Katie Holmes Madewell dress
Photo: Getty Images
Katie Holmes scores with a chic and affordable dress from Madewell.

Suri Cruise may be famed for her designer outfits, but mama Katie Holmes knows a good buy when she sees one.

The 32-year-old actress eschewed high-end labels in favor of Madewell's $198 Terrace Dress in Deep Marsh for the opening of the "Beauty Culture" exhibit at the Annenberg Space for Photography in Century City, Calif.

Holmes paired the high-street buy—which boasts eyelet-style geometric cutouts and a scalloped hem—with luxury pieces like a cream Lanvin blazer, tan suede Manolo Blahnik booties, and Anita Ko earrings, while her long brunette waves and sun-kissed makeup complemented the silk georgette dress's army-green hue.

Of course, that smart shopping may not last for long—just wait 'til Suri finds out about Versace's upcoming children's line!

See who else stepped out in a wallet-friendly dress.