diff --git a/build/dependencies.yaml b/build/dependencies.yaml
index 82c67d0dcbf..12856a646a9 100644
--- a/build/dependencies.yaml
+++ b/build/dependencies.yaml
@@ -64,7 +64,7 @@ dependencies:
 
   # etcd
   - name: "etcd"
-    version: 3.6.4
+    version: 3.6.5
     refPaths:
     - path: cluster/gce/manifests/etcd.manifest
       match: etcd_docker_tag|etcd_version
@@ -74,10 +74,6 @@ dependencies:
       match: DefaultEtcdVersion =
     - path: hack/lib/etcd.sh
       match: ETCD_VERSION=
-    - path: staging/src/k8s.io/sample-apiserver/artifacts/example/deployment.yaml
-      match: gcr.io/etcd-development/etcd
-    - path: test/utils/image/manifest.go
-      match: configs\[Etcd\] = Config{list\.GcEtcdRegistry, "etcd", "\d+\.\d+.\d+(-(alpha|beta|rc).\d+)?(-\d+)?"}
 
   - name: "etcd-image"
     version: 3.6.4
diff --git a/cluster/gce/manifests/etcd.manifest b/cluster/gce/manifests/etcd.manifest
index 7772b1a2eab..02f6daf45b1 100644
--- a/cluster/gce/manifests/etcd.manifest
+++ b/cluster/gce/manifests/etcd.manifest
@@ -18,7 +18,7 @@
     {
     "name": "etcd-container",
     {{security_context}}
-    "image": "{{ pillar.get('etcd_docker_repository', 'registry.k8s.io/etcd') }}:{{ pillar.get('etcd_docker_tag', '3.6.4-0') }}",
+    "image": "{{ pillar.get('etcd_docker_repository', 'registry.k8s.io/etcd') }}:{{ pillar.get('etcd_docker_tag', '3.6.5-0') }}",
     "resources": {
       "requests": {
         "cpu": {{ cpulimit }}
@@ -43,7 +43,7 @@
         "value": "{{ pillar.get('storage_backend', 'etcd3') }}"
       },
       { "name": "TARGET_VERSION",
-        "value": "{{ pillar.get('etcd_version', '3.6.4') }}"
+        "value": "{{ pillar.get('etcd_version', '3.6.5') }}"
       },
       {
         "name": "DO_NOT_MOVE_BINARIES",
diff --git a/cluster/gce/upgrade-aliases.sh b/cluster/gce/upgrade-aliases.sh
index 417f8a509f5..fb88cd80cf6 100755
--- a/cluster/gce/upgrade-aliases.sh
+++ b/cluster/gce/upgrade-aliases.sh
@@ -170,8 +170,8 @@ export KUBE_GCE_ENABLE_IP_ALIASES=true
 export SECONDARY_RANGE_NAME="pods-default"
 export STORAGE_BACKEND="etcd3"
 export STORAGE_MEDIA_TYPE="application/vnd.kubernetes.protobuf"
-export ETCD_IMAGE=3.6.4-0
-export ETCD_VERSION=3.6.4
+export ETCD_IMAGE=3.6.5-0
+export ETCD_VERSION=3.6.5
 
 # Upgrade master with updated kube envs
 "${KUBE_ROOT}/cluster/gce/upgrade.sh" -M -l
diff --git a/cmd/kubeadm/app/constants/constants.go b/cmd/kubeadm/app/constants/constants.go
index 21e49e24e6e..ab2553f17b8 100644
--- a/cmd/kubeadm/app/constants/constants.go
+++ b/cmd/kubeadm/app/constants/constants.go
@@ -326,7 +326,7 @@ const (
 	MinExternalEtcdVersion = "3.5.21-0"
 
 	// DefaultEtcdVersion indicates the default etcd version that kubeadm uses
-	DefaultEtcdVersion = "3.6.4-0"
+	DefaultEtcdVersion = "3.6.5-0"
 
 	// Etcd defines variable used internally when referring to etcd component
 	Etcd = "etcd"
@@ -501,7 +501,7 @@ var (
 		31: "3.5.21-0",
 		32: "3.5.21-0",
 		33: "3.5.21-0",
-		34: "3.6.4-0",
+		34: "3.6.5-0",
 	}
 
 	// KubeadmCertsClusterRoleName sets the name for the ClusterRole that allows
diff --git a/hack/lib/etcd.sh b/hack/lib/etcd.sh
index c6fc45a5fab..6e99d244c80 100755
--- a/hack/lib/etcd.sh
+++ b/hack/lib/etcd.sh
@@ -16,7 +16,7 @@
 
 # A set of helpers for starting/running etcd for tests
 
-ETCD_VERSION=${ETCD_VERSION:-3.6.4}
+ETCD_VERSION=${ETCD_VERSION:-3.6.5}
 ETCD_HOST=${ETCD_HOST:-127.0.0.1}
 ETCD_PORT=${ETCD_PORT:-2379}
 # This is intentionally not called ETCD_LOG_LEVEL: