diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index 98d04d5d2635..c2870b8cef67 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -63,7 +63,7 @@ hashbrown = { version = "0.13", default-features = false }
 regex = { version = "1.7.0", default-features = false, features = ["std", "unicode", "perf"] }
 chrono = { version = "0.4.23", default-features = false, features = ["clock"] }
 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 }
 multiversion = { version = "0.6.1", default-features = false }
 bitflags = { version = "1.2.1", default-features = false, optional = true }