diff --git a/docs/community/release-notes.md b/docs/community/release-notes.md
index 1ba6b4ed04..be43da98cb 100644
--- a/docs/community/release-notes.md
+++ b/docs/community/release-notes.md
@@ -59,6 +59,31 @@ You can determine your currently installed version using `pip show`:
 
 ## 3.18.x series
 
+### 3.18.1
+
+**Date**: 7th September 2026
+
+#### Bug fixes
+
+* Fix duplicate validation errors for GenericIPAddressField with protocol by [@browniebroke](https://github.com/browniebroke) in [#10011](https://github.com/encode/django-rest-framework/pull/10011)
+* Fix int64 format detection for negative `IntegerField` minimums in OpenAPI schema definition by [@zainnadeem786](https://github.com/zainnadeem786) in [#9989](https://github.com/encode/django-rest-framework/pull/9989)
+* Fix list serializer on unique constraint validator by [@MehrazRumman](https://github.com/MehrazRumman) in [#10033](https://github.com/encode/django-rest-framework/pull/10033)
+* Reject non-finite values (nan, inf) in FloatField by [@winklemad](https://github.com/winklemad) in [#9998](https://github.com/encode/django-rest-framework/pull/9998)
+
+#### Other changes
+
+* Add a compatibility setting for `ListSerializer` error formats by [@Kub-AT](https://github.com/Kub-AT) in [#10027](https://github.com/encode/django-rest-framework/pull/10027)
+* Expand deprecation classes and review deprecation policy by [@browniebroke](https://github.com/browniebroke) in [#10034](https://github.com/encode/django-rest-framework/pull/10034)
+
+#### New Contributors
+
+* [@abidaliamanat9](https://github.com/abidaliamanat9) made their first contribution in [#10028](https://github.com/encode/django-rest-framework/pull/10028)
+* [@epuronta](https://github.com/epuronta) made their first contribution in [#10030](https://github.com/encode/django-rest-framework/pull/10030)
+* [@Kub-AT](https://github.com/Kub-AT) made their first contribution in [#10027](https://github.com/encode/django-rest-framework/pull/10027)
+* [@winklemad](https://github.com/winklemad) made their first contribution in [#9998](https://github.com/encode/django-rest-framework/pull/9998)
+
+**Full Changelog**: [3.18.0...3.18.1](https://github.com/encode/django-rest-framework/compare/3.18.0...3.18.1)
+
 ### 3.18.0
 
 **Date**: 7th August 2026
diff --git a/rest_framework/__init__.py b/rest_framework/__init__.py
index d9de0a460e..83e2120e56 100644
--- a/rest_framework/__init__.py
+++ b/rest_framework/__init__.py
@@ -8,7 +8,7 @@
 """
 
 __title__ = 'Django REST framework'
-__version__ = '3.18.0'
+__version__ = '3.18.1'
 __author__ = 'Tom Christie'
 __license__ = 'BSD-3-Clause'
 __copyright__ = 'Copyright 2011-2023 Encode OSS Ltd'
diff --git a/rest_framework/locale/es/LC_MESSAGES/django.mo b/rest_framework/locale/es/LC_MESSAGES/django.mo
index 77fe3faec3..f88032286d 100644
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diff --git a/rest_framework/locale/zh_CN/LC_MESSAGES/django.mo b/rest_framework/locale/zh_CN/LC_MESSAGES/django.mo
index 3bd1fd3efa..5917a68dee 100644
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