diff --git a/README.rst b/README.rst
index 9e403349..ccf323b1 100644
--- a/README.rst
+++ b/README.rst
@@ -754,6 +754,8 @@ used with django-redis.
         "PARSER_CLASS": "redis.connection.HiredisParser",
     }
 
+Note: if using version 5 of redis-py, use ``"redis.connection._HiredisParser"`` for the ``PARSER_CLASS`` due to an internal rename of classes within that package.
+
 Pluggable clients
 ~~~~~~~~~~~~~~~~~
 
diff --git a/changelog.d/677.doc b/changelog.d/677.doc
new file mode 100644
index 00000000..a0e0d999
--- /dev/null
+++ b/changelog.d/677.doc
@@ -0,0 +1 @@
+Added note in docs for correctly configuring hiredis parser when using redis-py version 5.