diff --git a/netbox/netbox/api/authentication.py b/netbox/netbox/api/authentication.py
index ea66dc5a6..1b7def3a3 100644
--- a/netbox/netbox/api/authentication.py
+++ b/netbox/netbox/api/authentication.py
@@ -1,7 +1,11 @@
+import logging
+
 from django.conf import settings
+from django.utils import timezone
 from rest_framework import authentication, exceptions
 from rest_framework.permissions import BasePermission, DjangoObjectPermissions, SAFE_METHODS
 
+from netbox.config import get_config
 from users.models import Token
 from utilities.request import get_client_ip
 
@@ -40,6 +44,17 @@ class TokenAuthentication(authentication.TokenAuthentication):
         except model.DoesNotExist:
             raise exceptions.AuthenticationFailed("Invalid token")
 
+        # Update last used, but only once a minute. This reduces the write load on the db
+        if not token.last_used or (timezone.now() - token.last_used).total_seconds() > 60:
+            # If maintenance mode is enabled, assume the database is read-only, and disable updating the token's
+            # last_used time upon authentication.
+            if get_config().MAINTENANCE_MODE:
+                logger = logging.getLogger('netbox.auth.login')
+                logger.warning("Maintenance mode enabled: disabling update of token's last used timestamp")
+            else:
+                token.last_used = timezone.now()
+                token.save()
+
         # Enforce the Token's expiration time, if one has been set.
         if token.is_expired:
             raise exceptions.AuthenticationFailed("Token expired")
diff --git a/netbox/templates/users/api_tokens.html b/netbox/templates/users/api_tokens.html
index 360e65a67..24b32cc9b 100644
--- a/netbox/templates/users/api_tokens.html
+++ b/netbox/templates/users/api_tokens.html
@@ -34,6 +34,14 @@
                                     <span>Never</span>
                                 {% endif %}
                             </div>
+                            <div class="col col-md-3">
+                                <small class="text-muted">Last Used</small><br />
+                                {% if token.last_used %}
+                                    {{ token.last_used|annotated_date }}
+                                {% else %}
+                                    <span>Never</span>
+                                {% endif %}
+                            </div>
                             <div class="col col-md-3">
                                 <small class="text-muted">Create/Edit/Delete Operations</small><br />
                                 {% if token.write_enabled %}
diff --git a/netbox/users/admin/__init__.py b/netbox/users/admin/__init__.py
index ede26cd1b..2db822cfe 100644
--- a/netbox/users/admin/__init__.py
+++ b/netbox/users/admin/__init__.py
@@ -58,7 +58,7 @@ class UserAdmin(UserAdmin_):
 class TokenAdmin(admin.ModelAdmin):
     form = forms.TokenAdminForm
     list_display = [
-        'key', 'user', 'created', 'expires', 'write_enabled', 'description', 'list_allowed_ips'
+        'key', 'user', 'created', 'expires', 'last_used', 'write_enabled', 'description', 'list_allowed_ips'
     ]
 
     def list_allowed_ips(self, obj):
diff --git a/netbox/users/migrations/0003_token_last_used.py b/netbox/users/migrations/0003_token_last_used.py
new file mode 100644
index 000000000..cc014e59c
--- /dev/null
+++ b/netbox/users/migrations/0003_token_last_used.py
@@ -0,0 +1,18 @@
+# Generated by Django 4.0.4 on 2022-06-16 15:26
+
+from django.db import migrations, models
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('users', '0002_standardize_id_fields'),
+    ]
+
+    operations = [
+        migrations.AddField(
+            model_name='token',
+            name='last_used',
+            field=models.DateTimeField(blank=True, null=True),
+        ),
+    ]
diff --git a/netbox/users/models.py b/netbox/users/models.py
index 704516c71..4ee4dce6b 100644
--- a/netbox/users/models.py
+++ b/netbox/users/models.py
@@ -204,6 +204,10 @@ class Token(models.Model):
         blank=True,
         null=True
     )
+    last_used = models.DateTimeField(
+        blank=True,
+        null=True
+    )
     key = models.CharField(
         max_length=40,
         unique=True,