diff --git a/config/manager/manager.yaml b/config/manager/manager.yaml
index ca57f5426..9a3d6eb2d 100644
--- a/config/manager/manager.yaml
+++ b/config/manager/manager.yaml
@@ -66,7 +66,7 @@ spec:
               memory: 20Mi
           env:
             - name: RELATED_IMAGE_GRAFANA
-              value: "docker.io/grafana/grafana:10.4.3"
+              value: "docker.io/grafana/grafana:11.3.0"
             - name: WATCH_NAMESPACE
               valueFrom:
                 fieldRef:
diff --git a/controllers/config/grafana_ini.go b/controllers/config/grafana_ini.go
index 1d068ff81..fb3870671 100644
--- a/controllers/config/grafana_ini.go
+++ b/controllers/config/grafana_ini.go
@@ -31,6 +31,14 @@ func WriteIni(cfg map[string]map[string]string) (string, string) {
 		cfg["dashboards"]["versions_to_keep"] = "20"
 	}
 
+	if cfg["unified_alerting"] == nil {
+		cfg["unified_alerting"] = make(map[string]string)
+	}
+
+	if cfg["unified_alerting"]["rule_version_record_limit"] == "" {
+		cfg["unified_alerting"]["rule_version_record_limit"] = "5"
+	}
+
 	sections := make([]string, 0, len(cfg))
 	for key := range cfg {
 		sections = append(sections, key)
diff --git a/controllers/config/operator_constants.go b/controllers/config/operator_constants.go
index fbe09e655..db503153a 100644
--- a/controllers/config/operator_constants.go
+++ b/controllers/config/operator_constants.go
@@ -3,7 +3,7 @@ package config
 const (
 	// Grafana
 	GrafanaImage   = "docker.io/grafana/grafana"
-	GrafanaVersion = "10.4.3"
+	GrafanaVersion = "11.3.0"
 
 	// Paths
 	GrafanaDataPath               = "/var/lib/grafana"
diff --git a/examples/alertrulegroups/resources.yaml b/examples/alertrulegroups/resources.yaml
index 216cfcc59..96d14108e 100644
--- a/examples/alertrulegroups/resources.yaml
+++ b/examples/alertrulegroups/resources.yaml
@@ -14,6 +14,15 @@ spec:
     security:
       admin_user: root
       admin_password: secret
+
+    ## Starting from Grafana 11.3.0, it is possible to enforce
+    ## a limit on how many alert rule versions should be stored
+    ## in a database (including the current version of the rule).
+    ## The default value in Grafana is "0", which means no limit.
+    ## To mitigate that behaviour, the operator sets it to 5
+    ## by default starting from v5.16.0
+    # unified_alerting:
+    #   rule_version_record_limit: "5"
 ---
 apiVersion: grafana.integreatly.org/v1beta1
 kind: GrafanaFolder
@@ -40,8 +49,8 @@ spec:
         - datasourceUid: grafanacloud-demoinfra-prom
           model:
             datasource:
-                type: prometheus
-                uid: grafanacloud-demoinfra-prom
+              type: prometheus
+              uid: grafanacloud-demoinfra-prom
             editorMode: code
             expr: weather_temp_c{}
             instant: true
@@ -56,22 +65,22 @@ spec:
         - datasourceUid: __expr__
           model:
             conditions:
-                - evaluator:
-                    params:
-                        - 0
-                    type: lt
-                  operator:
-                    type: and
-                  query:
-                    params:
-                        - C
-                  reducer:
-                    params: []
-                    type: last
-                  type: query
+              - evaluator:
+                  params:
+                    - 0
+                  type: lt
+                operator:
+                  type: and
+                query:
+                  params:
+                    - C
+                reducer:
+                  params: []
+                  type: last
+                type: query
             datasource:
-                type: __expr__
-                uid: __expr__
+              type: __expr__
+              uid: __expr__
             expression: A
             intervalMs: 1000
             maxDataPoints: 43200
diff --git a/tests/e2e/example-test/00-assert.yaml b/tests/e2e/example-test/00-assert.yaml
index 6125b842e..8106de119 100644
--- a/tests/e2e/example-test/00-assert.yaml
+++ b/tests/e2e/example-test/00-assert.yaml
@@ -3,12 +3,12 @@ kind: Grafana
 metadata:
   name: grafana
 spec:
-  version: 10.4.3
+  version: 11.3.0
 status:
   (wildcard('http://grafana-service.*:3000', adminUrl || '')): true
   stage: complete
   stageStatus: success
-  version: 10.4.3
+  version: 11.3.0
 ---
 apiVersion: grafana.integreatly.org/v1beta1
 kind: Grafana
@@ -18,7 +18,7 @@ status:
   adminUrl: (join('',['http://grafana-internal-service.',$namespace,':3000']))
   stage: complete
   stageStatus: success
-  version: 10.4.3
+  version: 11.3.0
 ---
 apiVersion: grafana.integreatly.org/v1beta1
 kind: Grafana
diff --git a/tests/e2e/example-test/11-assert.yaml b/tests/e2e/example-test/11-assert.yaml
index 01b27c7ad..a8b1742df 100644
--- a/tests/e2e/example-test/11-assert.yaml
+++ b/tests/e2e/example-test/11-assert.yaml
@@ -3,9 +3,9 @@ kind: Grafana
 metadata:
   name: grafana-tls
 spec:
-  version: 10.4.3
+  version: 11.3.0
 status:
   (wildcard('https://grafana-tls-service.*:3000', adminUrl || '')): true
   stage: complete
   stageStatus: success
-  version: 10.4.3
+  version: 11.3.0