diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6efcc6383c..89b8bd039a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
   ([#424](https://github.com/open-telemetry/opentelemetry-python-contrib/pull/424))
 - Update gRPC instrumentation to better wrap server context
   ([#420](https://github.com/open-telemetry/opentelemetry-python-contrib/pull/420))
+- `opentelemetry-instrumentation-redis` Fix default port KeyError and Wrong Attribute name (net.peer.ip -> net.peer.port)
+  ([#265](https://github.com/open-telemetry/opentelemetry-python-contrib/pull/265))
+- `opentelemetry-instrumentation-asyncpg` Fix default port KeyError and Wrong Attribute name (net.peer.ip -> net.peer.port)
+  ([#265](https://github.com/open-telemetry/opentelemetry-python-contrib/pull/265))
 
 ### Added
 - `opentelemetry-instrumentation-urllib3` Add urllib3 instrumentation
diff --git a/instrumentation/opentelemetry-instrumentation-asyncpg/src/opentelemetry/instrumentation/asyncpg/__init__.py b/instrumentation/opentelemetry-instrumentation-asyncpg/src/opentelemetry/instrumentation/asyncpg/__init__.py
index e78224a9ef..0a558cb3d5 100644
--- a/instrumentation/opentelemetry-instrumentation-asyncpg/src/opentelemetry/instrumentation/asyncpg/__init__.py
+++ b/instrumentation/opentelemetry-instrumentation-asyncpg/src/opentelemetry/instrumentation/asyncpg/__init__.py
@@ -68,7 +68,7 @@ def _hydrate_span_from_args(connection, query, parameters) -> dict:
     addr = getattr(connection, "_addr", None)
     if isinstance(addr, tuple):
         span_attributes["net.peer.name"] = addr[0]
-        span_attributes["net.peer.ip"] = addr[1]
+        span_attributes["net.peer.port"] = addr[1]
         span_attributes["net.transport"] = "IP.TCP"
     elif isinstance(addr, str):
         span_attributes["net.peer.name"] = addr
diff --git a/instrumentation/opentelemetry-instrumentation-redis/src/opentelemetry/instrumentation/redis/util.py b/instrumentation/opentelemetry-instrumentation-redis/src/opentelemetry/instrumentation/redis/util.py
index 8898dab9f8..5679f29945 100644
--- a/instrumentation/opentelemetry-instrumentation-redis/src/opentelemetry/instrumentation/redis/util.py
+++ b/instrumentation/opentelemetry-instrumentation-redis/src/opentelemetry/instrumentation/redis/util.py
@@ -26,11 +26,11 @@ def _extract_conn_attributes(conn_kwargs):
     attributes["db.name"] = db
     attributes["db.redis.database_index"] = db
     try:
-        attributes["net.peer.name"] = conn_kwargs["host"]
-        attributes["net.peer.ip"] = conn_kwargs["port"]
+        attributes["net.peer.name"] = conn_kwargs.get("host", "localhost")
+        attributes["net.peer.port"] = conn_kwargs.get("port", 6379)
         attributes["net.transport"] = "IP.TCP"
     except KeyError:
-        attributes["net.peer.name"] = conn_kwargs["path"]
+        attributes["net.peer.name"] = conn_kwargs.get("path", "")
         attributes["net.transport"] = "Unix"
 
     return attributes
diff --git a/tests/opentelemetry-docker-tests/tests/asyncpg/test_asyncpg_functional.py b/tests/opentelemetry-docker-tests/tests/asyncpg/test_asyncpg_functional.py
index 25e3b6a410..f7c7ba553c 100644
--- a/tests/opentelemetry-docker-tests/tests/asyncpg/test_asyncpg_functional.py
+++ b/tests/opentelemetry-docker-tests/tests/asyncpg/test_asyncpg_functional.py
@@ -46,7 +46,7 @@ def check_span(self, span):
         self.assertEqual(span.attributes["db.name"], POSTGRES_DB_NAME)
         self.assertEqual(span.attributes["db.user"], POSTGRES_USER)
         self.assertEqual(span.attributes["net.peer.name"], POSTGRES_HOST)
-        self.assertEqual(span.attributes["net.peer.ip"], POSTGRES_PORT)
+        self.assertEqual(span.attributes["net.peer.port"], POSTGRES_PORT)
 
     def test_instrumented_execute_method_without_arguments(self, *_, **__):
         async_call(self._connection.execute("SELECT 42;"))
@@ -148,7 +148,7 @@ def check_span(self, span):
         self.assertEqual(span.attributes["db.name"], POSTGRES_DB_NAME)
         self.assertEqual(span.attributes["db.user"], POSTGRES_USER)
         self.assertEqual(span.attributes["net.peer.name"], POSTGRES_HOST)
-        self.assertEqual(span.attributes["net.peer.ip"], POSTGRES_PORT)
+        self.assertEqual(span.attributes["net.peer.port"], POSTGRES_PORT)
 
     def test_instrumented_execute_method_with_arguments(self, *_, **__):
         async_call(self._connection.execute("SELECT $1;", "1"))
diff --git a/tests/opentelemetry-docker-tests/tests/redis/test_redis_functional.py b/tests/opentelemetry-docker-tests/tests/redis/test_redis_functional.py
index 8cdbb8c4af..06a54b90ae 100644
--- a/tests/opentelemetry-docker-tests/tests/redis/test_redis_functional.py
+++ b/tests/opentelemetry-docker-tests/tests/redis/test_redis_functional.py
@@ -35,7 +35,7 @@ def _check_span(self, span, name):
         self.assertIs(span.status.status_code, trace.StatusCode.UNSET)
         self.assertEqual(span.attributes.get("db.name"), 0)
         self.assertEqual(span.attributes["net.peer.name"], "localhost")
-        self.assertEqual(span.attributes["net.peer.ip"], 6379)
+        self.assertEqual(span.attributes["net.peer.port"], 6379)
 
     def test_long_command(self):
         self.redis_client.mget(*range(1000))
@@ -125,7 +125,7 @@ def _check_span(self, span, name):
         self.assertEqual(span.name, name)
         self.assertIs(span.status.status_code, trace.StatusCode.UNSET)
         self.assertEqual(span.attributes["net.peer.name"], "localhost")
-        self.assertEqual(span.attributes["net.peer.ip"], 6379)
+        self.assertEqual(span.attributes["net.peer.port"], 6379)
         self.assertEqual(span.attributes["db.redis.database_index"], 10)
 
     def test_get(self):