diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index b59a69753856..6166662c49df 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -54,7 +54,7 @@ chrono-tz = {version = "0.6", default-features = false, optional = true}
 flatbuffers = { version = "2.1.2", default-features = false, features = ["thiserror"], optional = true }
 hex = { version = "0.4", default-features = false, features = ["std"] }
 comfy-table = { version = "6.0", optional = true, default-features = false }
-pyo3 = { version = "0.16", default-features = false, optional = true }
+pyo3 = { version = "0.18", default-features = false, optional = true }
 lexical-core = { version = "^0.8", default-features = false, features = ["write-integers", "write-floats", "parse-integers", "parse-floats"] }
 multiversion = { version = "0.6.1", default-features = false }
 bitflags = { version = "1.2.1", default-features = false }