diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8a56c967b..fd64207ee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,7 @@ v2.5.3 (FUTURE)
 * [#1630](https://github.com/digitalocean/netbox/issues/1630) - Enable bulk editing of prefix/IP mask length
 * [#1870](https://github.com/digitalocean/netbox/issues/1870) - Add per-page toggle to object lists
 * [#1871](https://github.com/digitalocean/netbox/issues/1871) - Enable filtering sites by parent region
+* [#1983](https://github.com/digitalocean/netbox/issues/1983) - Enable regular expressions when bulk renaming device components
 * [#2693](https://github.com/digitalocean/netbox/issues/2693) - Additional cable colors
 * [#2726](https://github.com/digitalocean/netbox/issues/2726) - Include cables in global search
 
diff --git a/netbox/dcim/forms.py b/netbox/dcim/forms.py
index c15952330..887e7f74f 100644
--- a/netbox/dcim/forms.py
+++ b/netbox/dcim/forms.py
@@ -58,6 +58,22 @@ class BulkRenameForm(forms.Form):
     """
     find = forms.CharField()
     replace = forms.CharField()
+    use_regex = forms.BooleanField(
+        required=False,
+        initial=True,
+        label='Use regular expressions'
+    )
+
+    def clean(self):
+
+        # Validate regular expression in "find" field
+        if self.cleaned_data['use_regex']:
+            try:
+                re.compile(self.cleaned_data['find'])
+            except re.error:
+                raise forms.ValidationError({
+                    'find': "Invalid regular expression"
+                })
 
 
 #
diff --git a/netbox/dcim/views.py b/netbox/dcim/views.py
index 93a5178f3..4c2dee5df 100644
--- a/netbox/dcim/views.py
+++ b/netbox/dcim/views.py
@@ -1,3 +1,5 @@
+import re
+
 from django.contrib import messages
 from django.contrib.auth.mixins import PermissionRequiredMixin
 from django.core.paginator import EmptyPage, PageNotAnInteger
@@ -50,7 +52,16 @@ class BulkRenameView(GetReturnURLMixin, View):
 
             if form.is_valid():
                 for obj in selected_objects:
-                    obj.new_name = obj.name.replace(form.cleaned_data['find'], form.cleaned_data['replace'])
+                    find = form.cleaned_data['find']
+                    replace = form.cleaned_data['replace']
+                    if form.cleaned_data['use_regex']:
+                        try:
+                            obj.new_name = re.sub(find, replace, obj.name)
+                        # Catch regex group reference errors
+                        except re.error:
+                            obj.new_name = obj.name
+                    else:
+                        obj.new_name = obj.name.replace(find, replace)
 
                 if '_apply' in request.POST:
                     for obj in selected_objects: