diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index 18bf36ee6bb..b4b8caa4ea1 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -53,7 +53,7 @@ chrono-tz = {version = "0.6", optional = true}
 flatbuffers = { version = "=2.0.0", optional = true }
 hex = "0.4"
 comfy-table = { version = "5.0", optional = true, default-features = false }
-pyo3 = { version = "0.15", optional = true }
+pyo3 = { version = "0.18", optional = true }
 lexical-core = "^0.8"
 multiversion = "0.6.1"
 bitflags = "1.2.1"