diff --git a/Tiltfile b/Tiltfile
index dcc27daed3887..9050565afe259 100644
--- a/Tiltfile
+++ b/Tiltfile
@@ -7,7 +7,7 @@ load('ext://helm_resource', 'helm_resource', 'helm_repo')
 docker_build(
     ref='timberio/vector',
     context='.',
-    build_args={'RUST_VERSION': '1.71.0'},
+    build_args={'RUST_VERSION': '1.71.1'},
     dockerfile='tilt/Dockerfile'
     )
 
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 67054f135b8c8..08e602710eeb9 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,3 +1,3 @@
 [toolchain]
-channel = "1.71.0"
+channel = "1.71.1"
 profile = "default"