diff --git a/bazel/repository_locations.bzl b/bazel/repository_locations.bzl
index baf290abf6bc5..186b42d06976d 100644
--- a/bazel/repository_locations.bzl
+++ b/bazel/repository_locations.bzl
@@ -688,9 +688,9 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "Python rules for Bazel",
         project_desc = "Bazel rules for the Python language",
         project_url = "https://github.com/bazelbuild/rules_python",
-        version = "0.4.0",
-        sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
-        release_date = "2021-09-12",
+        version = "0.5.0",
+        sha256 = "cd6730ed53a002c56ce4e2f396ba3b3be262fd7cb68339f0377a45e8227fe332",
+        release_date = "2021-10-26",
         urls = ["https://github.com/bazelbuild/rules_python/releases/download/{version}/rules_python-{version}.tar.gz"],
         use_category = ["build"],
     ),