diff --git a/lang/rust/Cargo.lock b/lang/rust/Cargo.lock
index 9092b3c17c6..84fda01382f 100644
--- a/lang/rust/Cargo.lock
+++ b/lang/rust/Cargo.lock
@@ -57,7 +57,7 @@ checksum = "9c7d0618f0e0b7e8ff11427422b64564d5fb0be1940354bfe2e0529b18a9d9b8"
 
 [[package]]
 name = "apache-avro"
-version = "0.15.0"
+version = "0.16.0"
 dependencies = [
  "anyhow",
  "apache-avro-derive",
@@ -93,7 +93,7 @@ dependencies = [
 
 [[package]]
 name = "apache-avro-derive"
-version = "0.15.0"
+version = "0.16.0"
 dependencies = [
  "apache-avro",
  "darling",
@@ -107,7 +107,7 @@ dependencies = [
 
 [[package]]
 name = "apache-avro-test-helper"
-version = "0.15.0"
+version = "0.16.0"
 dependencies = [
  "anyhow",
  "color-backtrace",
diff --git a/lang/rust/Cargo.toml b/lang/rust/Cargo.toml
index f0fc02dcb11..43872102f28 100644
--- a/lang/rust/Cargo.toml
+++ b/lang/rust/Cargo.toml
@@ -27,7 +27,7 @@ exclude = [
 ]
 
 [workspace.package]
-version = "0.15.0"
+version = "0.16.0"
 authors = ["Apache Avro team <dev@avro.apache.org>"]
 license = "Apache-2.0"
 readme = "README.md"
diff --git a/lang/rust/avro/Cargo.toml b/lang/rust/avro/Cargo.toml
index e59a81f465d..d1eec6469ed 100644
--- a/lang/rust/avro/Cargo.toml
+++ b/lang/rust/avro/Cargo.toml
@@ -54,7 +54,7 @@ harness = false
 name = "single"
 
 [dependencies]
-apache-avro-derive = { default-features = false, version = "0.15.0", path = "../avro_derive", optional = true }
+apache-avro-derive = { default-features = false, version = "0.16.0", path = "../avro_derive", optional = true }
 byteorder = { default-features = false, version = "1.4.3" }
 bzip2 = { default-features = false, version = "0.4.4", optional = true }
 crc32fast = { default-features = false, version = "1.3.2", optional = true }
@@ -84,7 +84,7 @@ rand = { default-features = false, version = "0.8.5", features = ["default"] }
 
 [dev-dependencies]
 anyhow = { default-features = false, version = "1.0.71", features = ["std"] }
-apache-avro-test-helper = { default-features = false, version = "0.15.0", path = "../avro_test_helper" }
+apache-avro-test-helper = { default-features = false, version = "0.16.0", path = "../avro_test_helper" }
 criterion = { default-features = false, version = "0.4.0" }
 hex-literal = { default-features = false, version = "0.4.1" }
 md-5 = { default-features = false, version = "0.10.5" }