diff --git a/charts/rstudio-pm/Chart.yaml b/charts/rstudio-pm/Chart.yaml
index 1ea78855..eb084864 100644
--- a/charts/rstudio-pm/Chart.yaml
+++ b/charts/rstudio-pm/Chart.yaml
@@ -1,8 +1,8 @@
 name: rstudio-pm
 description: Official Helm chart for RStudio Package Manager
-version: 0.5.22
+version: 0.5.23
 apiVersion: v2
-appVersion: 2023.12.0
+appVersion: 2024.04.0
 icon: https://rstudio.com/wp-content/uploads/2018/10/RStudio-Logo-Flat.png
 home: https://www.rstudio.com
 sources:
@@ -19,7 +19,7 @@ dependencies:
 annotations:
   artifacthub.io/images: |
     - name: rstudio-package-manager
-      image: rstudio/rstudio-package-manager:ubuntu2204-2023.12.0
+      image: rstudio/rstudio-package-manager:ubuntu2204-2024.04.0
   artifacthub.io/license: MIT
   artifacthub.io/links: |
     - name: RStudio Community
diff --git a/charts/rstudio-pm/NEWS.md b/charts/rstudio-pm/NEWS.md
index 9c6da5a8..a89d9b5a 100644
--- a/charts/rstudio-pm/NEWS.md
+++ b/charts/rstudio-pm/NEWS.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 0.5.23
+
+- Update default Posit Package Manager version to 2024.04.0-18
+
 ## 0.5.22
 
 - Add documentation on running the Chronicle Agent on version 2024.03.0 as a sidecar container
diff --git a/charts/rstudio-pm/README.md b/charts/rstudio-pm/README.md
index a9a8355b..c47b1f59 100644
--- a/charts/rstudio-pm/README.md
+++ b/charts/rstudio-pm/README.md
@@ -1,6 +1,6 @@
 # Posit Package Manager
 
-![Version: 0.5.22](https://img.shields.io/badge/Version-0.5.22-informational?style=flat-square) ![AppVersion: 2023.12.0](https://img.shields.io/badge/AppVersion-2023.12.0-informational?style=flat-square)
+![Version: 0.5.23](https://img.shields.io/badge/Version-0.5.23-informational?style=flat-square) ![AppVersion: 2024.04.0](https://img.shields.io/badge/AppVersion-2024.04.0-informational?style=flat-square)
 
 #### _Official Helm chart for RStudio Package Manager_
 
@@ -21,11 +21,11 @@ To ensure a stable production deployment, please:
 
 ## Installing the Chart
 
-To install the chart with the release name `my-release` at version 0.5.22:
+To install the chart with the release name `my-release` at version 0.5.23:
 
 ```bash
 helm repo add rstudio https://helm.rstudio.com
-helm upgrade --install my-release rstudio/rstudio-pm --version=0.5.22
+helm upgrade --install my-release rstudio/rstudio-pm --version=0.5.23
 ```
 
 To explore other chart versions, take a look at: