diff --git a/lib/rules/prefer-read-only-props.js b/lib/rules/prefer-read-only-props.js
index 8349435f24..3a1faff94a 100644
--- a/lib/rules/prefer-read-only-props.js
+++ b/lib/rules/prefer-read-only-props.js
@@ -13,7 +13,7 @@ function isFlowPropertyType(node) {
 }
 
 function isCovariant(node) {
-  return node.variance && node.variance.kind === 'plus';
+  return node.variance && node.variance.kind === 'plus' || node.parent.parent.parent.id && node.parent.parent.parent.id.name === '$ReadOnly';
 }
 
 // ------------------------------------------------------------------------------
diff --git a/tests/lib/rules/prefer-read-only-props.js b/tests/lib/rules/prefer-read-only-props.js
index 9445605c68..dbdfda6a10 100644
--- a/tests/lib/rules/prefer-read-only-props.js
+++ b/tests/lib/rules/prefer-read-only-props.js
@@ -131,6 +131,19 @@ ruleTester.run('prefer-read-only-props', rule, {
           name: PropTypes.string,
         };
       `
+    },
+    // Class component with typed props property wrapped in $ReadOnly
+    {
+      code: [
+        'type Props = $ReadOnly<{foo: number}>;',
+        'class Hello extends React.Component {',
+        '  props: Props;',
+        '  render () {',
+        '    return <div>{this.props.foo}</div>;',
+        '  }',
+        '}'
+      ].join('\n'),
+      parser: parsers.BABEL_ESLINT
     }
   ],