diff --git a/dependencies.properties b/dependencies.properties
index 5a9d941bf..7544b917e 100644
--- a/dependencies.properties
+++ b/dependencies.properties
@@ -25,7 +25,7 @@ version.gax_httpjson=0.103.7
 # with the sources.
 version.com_google_protobuf=3.21.4
 version.google_java_format=1.15.0
-version.io_grpc=1.48.0
+version.io_grpc=1.48.1
 
 # Maven artifacts.
 # Note, the actual name of each property matters (bazel build scripts depend on it).