diff --git a/lib/galaxy/version.py b/lib/galaxy/version.py
index 319c7fefb8a0..b6b769c3412e 100644
--- a/lib/galaxy/version.py
+++ b/lib/galaxy/version.py
@@ -1,3 +1,3 @@
 VERSION_MAJOR = "24.2"
-VERSION_MINOR = "dev0"
+VERSION_MINOR = "rc1"
 VERSION = VERSION_MAJOR + (f".{VERSION_MINOR}" if VERSION_MINOR else "")