diff --git a/arrow-pyarrow-integration-testing/Cargo.toml b/arrow-pyarrow-integration-testing/Cargo.toml
index e1fa90836f61..7a2dc563a1ac 100644
--- a/arrow-pyarrow-integration-testing/Cargo.toml
+++ b/arrow-pyarrow-integration-testing/Cargo.toml
@@ -33,7 +33,7 @@ crate-type = ["cdylib"]
 
 [dependencies]
 arrow = { path = "../arrow", version = "31.0.0", features = ["pyarrow"] }
-pyo3 = { version = "0.17", features = ["extension-module"] }
+pyo3 = { version = "0.18", features = ["extension-module"] }
 
 [package.metadata.maturin]
 requires-dist = ["pyarrow>=1"]
diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index 8719cba0effe..ee926ee52868 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -61,7 +61,7 @@ arrow-string = { version = "31.0.0", path = "../arrow-string" }
 
 rand = { version = "0.8", default-features = false, features = ["std", "std_rng"], optional = true }
 comfy-table = { version = "6.0", optional = true, default-features = false }
-pyo3 = { version = "0.17", default-features = false, optional = true }
+pyo3 = { version = "0.18", default-features = false, optional = true }
 bitflags = { version = "1.2.1", default-features = false, optional = true }
 
 [package.metadata.docs.rs]