diff --git a/Makefile b/Makefile
index 9c8906dea1..8c3dc8cc31 100644
--- a/Makefile
+++ b/Makefile
@@ -1,7 +1,7 @@
 # Image URL to use all building/pushing image targets
 
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
-KUSTOMIZE_VERSION?=v5.0.1
+KUSTOMIZE_VERSION?=v5.0.3
 # renovate: datasource=github-tags depName=helm/helm
 HELM_VERSION ?= v3.11.3
 CHART_APPVERSION ?= v0.7.1 # x-release-please-version
diff --git a/klt-cert-manager/Makefile b/klt-cert-manager/Makefile
index 8284d7fc54..22c24843a6 100644
--- a/klt-cert-manager/Makefile
+++ b/klt-cert-manager/Makefile
@@ -118,7 +118,7 @@ ENVTEST ?= $(LOCALBIN)/setup-envtest
 ## Tool Versions
 
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
-KUSTOMIZE_VERSION?=v5.0.1
+KUSTOMIZE_VERSION?=v5.0.3
 # renovate: datasource=github-releases depName=kubernetes-sigs/controller-tools
 CONTROLLER_TOOLS_VERSION?=v0.12.0
 
diff --git a/metrics-operator/Makefile b/metrics-operator/Makefile
index 69ea38aef8..0a101faca3 100644
--- a/metrics-operator/Makefile
+++ b/metrics-operator/Makefile
@@ -25,7 +25,7 @@ ENVTEST_K8S_VERSION=1.24.2
 
 ## Tool Versions
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
-KUSTOMIZE_VERSION?=v5.0.1
+KUSTOMIZE_VERSION?=v5.0.3
 # renovate: datasource=github-releases depName=kubernetes-sigs/controller-tools
 CONTROLLER_TOOLS_VERSION?=v0.12.0
 
diff --git a/operator/Makefile b/operator/Makefile
index f13960097a..19df8a9110 100644
--- a/operator/Makefile
+++ b/operator/Makefile
@@ -25,7 +25,7 @@ ENVTEST_K8S_VERSION=1.24.2
 
 ## Tool Versions
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
-KUSTOMIZE_VERSION?=v5.0.1
+KUSTOMIZE_VERSION?=v5.0.3
 # renovate: datasource=github-releases depName=kubernetes-sigs/controller-tools
 CONTROLLER_TOOLS_VERSION?=v0.12.0
 
diff --git a/scheduler/Makefile b/scheduler/Makefile
index a7de6efa6c..55917be1a5 100644
--- a/scheduler/Makefile
+++ b/scheduler/Makefile
@@ -46,7 +46,7 @@ $(LOCALBIN):
 
 ## Tool Versions
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
-KUSTOMIZE_VERSION ?= v5.0.1
+KUSTOMIZE_VERSION ?= v5.0.3
 
 ## Tool Binaries
 KUSTOMIZE ?= $(LOCALBIN)/kustomize