diff --git a/netbox/ipam/api/mixins.py b/netbox/ipam/api/mixins.py
index 639da6a33..8c5dafe94 100644
--- a/netbox/ipam/api/mixins.py
+++ b/netbox/ipam/api/mixins.py
@@ -98,6 +98,7 @@ class AvailablePrefixesMixin:
 
 
 class AvailableIPsMixin:
+    parent_model = Prefix
 
     @swagger_auto_schema(method='get', responses={200: serializers.AvailableIPSerializer(many=True)})
     @swagger_auto_schema(method='post', responses={201: serializers.AvailableIPSerializer(many=True)},
@@ -113,7 +114,7 @@ class AvailableIPsMixin:
         The advisory lock decorator uses a PostgreSQL advisory lock to prevent this API from being
         invoked in parallel, which results in a race condition where multiple insertions can occur.
         """
-        parent = get_object_or_404(Prefix.objects.restrict(request.user), pk=pk)
+        parent = get_object_or_404(self.parent_model.objects.restrict(request.user), pk=pk)
 
         # Create the next available IP
         if request.method == 'POST':
@@ -174,8 +175,7 @@ class AvailableIPsMixin:
                     break
             serializer = serializers.AvailableIPSerializer(ip_list, many=True, context={
                 'request': request,
-                'prefix': parent.prefix,
-                'vrf': parent.vrf,
+                'parent': parent,
             })
 
             return Response(serializer.data)
diff --git a/netbox/ipam/api/serializers.py b/netbox/ipam/api/serializers.py
index 0d28cae1a..c64323d17 100644
--- a/netbox/ipam/api/serializers.py
+++ b/netbox/ipam/api/serializers.py
@@ -329,9 +329,9 @@ class AvailableIPSerializer(serializers.Serializer):
         else:
             vrf = None
         return OrderedDict([
-            ('family', self.context['prefix'].version),
-            ('address', '{}/{}'.format(instance, self.context['prefix'].prefixlen)),
-            ('vrf', vrf),
+            ('family', self.context['parent'].family),
+            ('address', f"{instance}/{self.context['parent'].mask_length}"),
+            ('vrf', self.context['parent'].vrf),
         ])
 
 
diff --git a/netbox/ipam/api/views.py b/netbox/ipam/api/views.py
index efcc22502..69b6d97f0 100644
--- a/netbox/ipam/api/views.py
+++ b/netbox/ipam/api/views.py
@@ -87,6 +87,8 @@ class PrefixViewSet(mixins.AvailableIPsMixin, mixins.AvailablePrefixesMixin, Cus
     serializer_class = serializers.PrefixSerializer
     filterset_class = filtersets.PrefixFilterSet
 
+    parent_model = Prefix  # AvailableIPsMixin
+
     def get_serializer_class(self):
         if self.action == "available_prefixes" and self.request.method == "POST":
             return serializers.PrefixLengthSerializer
@@ -97,11 +99,13 @@ class PrefixViewSet(mixins.AvailableIPsMixin, mixins.AvailablePrefixesMixin, Cus
 # IP ranges
 #
 
-class IPRangeViewSet(CustomFieldModelViewSet):
+class IPRangeViewSet(mixins.AvailableIPsMixin, CustomFieldModelViewSet):
     queryset = IPRange.objects.prefetch_related('vrf', 'role', 'tenant', 'tags')
     serializer_class = serializers.IPRangeSerializer
     filterset_class = filtersets.IPRangeFilterSet
 
+    parent_model = IPRange  # AvailableIPsMixin
+
 
 #
 # IP addresses
diff --git a/netbox/ipam/tests/test_api.py b/netbox/ipam/tests/test_api.py
index 5e6e64802..e12baf24e 100644
--- a/netbox/ipam/tests/test_api.py
+++ b/netbox/ipam/tests/test_api.py
@@ -390,6 +390,73 @@ class IPRangeTest(APIViewTestCases.APIViewTestCase):
         )
         IPRange.objects.bulk_create(ip_ranges)
 
+    def test_list_available_ips(self):
+        """
+        Test retrieval of all available IP addresses within a parent IP range.
+        """
+        iprange = IPRange.objects.create(
+            start_address=IPNetwork('192.0.2.10/24'),
+            end_address=IPNetwork('192.0.2.19/24')
+        )
+        url = reverse('ipam-api:iprange-available-ips', kwargs={'pk': iprange.pk})
+        self.add_permissions('ipam.view_iprange', 'ipam.view_ipaddress')
+
+        # Retrieve all available IPs
+        response = self.client.get(url, **self.header)
+        self.assertHttpStatus(response, status.HTTP_200_OK)
+        self.assertEqual(len(response.data), 10)
+
+    def test_create_single_available_ip(self):
+        """
+        Test retrieval of the first available IP address within a parent IP range.
+        """
+        vrf = VRF.objects.create(name='Test VRF 1', rd='1234')
+        iprange = IPRange.objects.create(
+            start_address=IPNetwork('192.0.2.1/24'),
+            end_address=IPNetwork('192.0.2.3/24'),
+            vrf=vrf
+        )
+        url = reverse('ipam-api:iprange-available-ips', kwargs={'pk': iprange.pk})
+        self.add_permissions('ipam.view_iprange', 'ipam.add_ipaddress')
+
+        # Create all three available IPs with individual requests
+        for i in range(1, 4):
+            data = {
+                'description': f'Test IP #{i}'
+            }
+            response = self.client.post(url, data, format='json', **self.header)
+            self.assertHttpStatus(response, status.HTTP_201_CREATED)
+            self.assertEqual(response.data['vrf']['id'], vrf.pk)
+            self.assertEqual(response.data['description'], data['description'])
+
+        # Try to create one more IP
+        response = self.client.post(url, {}, **self.header)
+        self.assertHttpStatus(response, status.HTTP_204_NO_CONTENT)
+        self.assertIn('detail', response.data)
+
+    def test_create_multiple_available_ips(self):
+        """
+        Test the creation of available IP addresses within a parent IP range.
+        """
+        iprange = IPRange.objects.create(
+            start_address=IPNetwork('192.0.2.1/24'),
+            end_address=IPNetwork('192.0.2.8/24')
+        )
+        url = reverse('ipam-api:iprange-available-ips', kwargs={'pk': iprange.pk})
+        self.add_permissions('ipam.view_iprange', 'ipam.add_ipaddress')
+
+        # Try to create nine IPs (only eight are available)
+        data = [{'description': f'Test IP #{i}'} for i in range(1, 10)]  # 9 IPs
+        response = self.client.post(url, data, format='json', **self.header)
+        self.assertHttpStatus(response, status.HTTP_204_NO_CONTENT)
+        self.assertIn('detail', response.data)
+
+        # Create all eight available IPs in a single request
+        data = [{'description': f'Test IP #{i}'} for i in range(1, 9)]  # 8 IPs
+        response = self.client.post(url, data, format='json', **self.header)
+        self.assertHttpStatus(response, status.HTTP_201_CREATED)
+        self.assertEqual(len(response.data), 8)
+
 
 class IPAddressTest(APIViewTestCases.APIViewTestCase):
     model = IPAddress