diff --git a/homeassistant/components/esphome/manifest.json b/homeassistant/components/esphome/manifest.json
index 463404fae1c..f203f8323bd 100644
--- a/homeassistant/components/esphome/manifest.json
+++ b/homeassistant/components/esphome/manifest.json
@@ -16,7 +16,7 @@
   "loggers": ["aioesphomeapi", "noiseprotocol"],
   "requirements": [
     "async-interrupt==1.1.1",
-    "aioesphomeapi==18.0.1",
+    "aioesphomeapi==18.0.3",
     "bluetooth-data-tools==1.12.0",
     "esphome-dashboard-api==1.2.3"
   ],
diff --git a/requirements_all.txt b/requirements_all.txt
index 995a492a1e5..72ae982cc8e 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -231,7 +231,7 @@ aioecowitt==2023.5.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==18.0.1
+aioesphomeapi==18.0.3
 
 # homeassistant.components.flo
 aioflo==2021.11.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 0458a98d0ee..13ec627611a 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -212,7 +212,7 @@ aioecowitt==2023.5.0
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==18.0.1
+aioesphomeapi==18.0.3
 
 # homeassistant.components.flo
 aioflo==2021.11.0