diff --git a/.changes/unreleased/DEPENDENCIES-514-20241107-152840.yaml b/.changes/unreleased/DEPENDENCIES-514-20241107-152840.yaml
new file mode 100644
index 00000000..b9298cf6
--- /dev/null
+++ b/.changes/unreleased/DEPENDENCIES-514-20241107-152840.yaml
@@ -0,0 +1,5 @@
+kind: DEPENDENCIES
+body: Bump `kube-rbac-proxy` from 0.18.0 to 0.18.1.
+time: 2024-11-07T15:28:40.565551+01:00
+custom:
+    PR: "514"
diff --git a/charts/hcp-terraform-operator/README.md b/charts/hcp-terraform-operator/README.md
index 7d646158..3e1728b5 100644
--- a/charts/hcp-terraform-operator/README.md
+++ b/charts/hcp-terraform-operator/README.md
@@ -162,7 +162,7 @@ For a more detailed explanation, please refer to the [FAQ](../../docs/faq.md#gen
 | imagePullSecrets | list | `[]` | Reference to one or more secrets essential for pulling container images. |
 | kubeRbacProxy.image.pullPolicy | string | `"IfNotPresent"` | Image pull policy. |
 | kubeRbacProxy.image.repository | string | `"quay.io/brancz/kube-rbac-proxy"` | Image repository. |
-| kubeRbacProxy.image.tag | string | `"v0.18.0"` | Image tag. |
+| kubeRbacProxy.image.tag | string | `"v0.18.1"` | Image tag. |
 | kubeRbacProxy.resources.limits.cpu | string | `"500m"` | Limits as a maximum amount of CPU to be used by a container. |
 | kubeRbacProxy.resources.limits.memory | string | `"128Mi"` | Limits as a maximum amount of memory to be used by a container. |
 | kubeRbacProxy.resources.requests.cpu | string | `"50m"` | Guaranteed minimum amount of CPU to be used by a container. |
diff --git a/charts/hcp-terraform-operator/values.yaml b/charts/hcp-terraform-operator/values.yaml
index 5fe659f0..7b000985 100644
--- a/charts/hcp-terraform-operator/values.yaml
+++ b/charts/hcp-terraform-operator/values.yaml
@@ -63,7 +63,7 @@ kubeRbacProxy:
     # -- Image pull policy.
     pullPolicy: IfNotPresent
     # -- Image tag.
-    tag: v0.18.0
+    tag: v0.18.1
 
   # -- Container security context. More information in [Kubernetes documentation](https://kubernetes.io/docs/tasks/configure-pod-container/security-context/).
   securityContext: