diff --git a/homeassistant/components/esphome/manifest.json b/homeassistant/components/esphome/manifest.json
index bc2b87f6397..e3ac4ac5600 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==18.5.3",
+    "aioesphomeapi==18.5.4",
     "bluetooth-data-tools==1.14.0",
     "esphome-dashboard-api==1.2.3"
   ],
diff --git a/requirements_all.txt b/requirements_all.txt
index 5dd31ad2189..3f28c8b18f1 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -236,7 +236,7 @@ aioelectricitymaps==0.1.5
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==18.5.3
+aioesphomeapi==18.5.4
 
 # homeassistant.components.flo
 aioflo==2021.11.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index aa4e1f79fec..d09c4dfa292 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -215,7 +215,7 @@ aioelectricitymaps==0.1.5
 aioemonitor==1.0.5
 
 # homeassistant.components.esphome
-aioesphomeapi==18.5.3
+aioesphomeapi==18.5.4
 
 # homeassistant.components.flo
 aioflo==2021.11.0