diff --git a/docs/release-notes/version-3.5.md b/docs/release-notes/version-3.5.md
index ddbc7a075..91ff28d75 100644
--- a/docs/release-notes/version-3.5.md
+++ b/docs/release-notes/version-3.5.md
@@ -1,6 +1,6 @@
 # NetBox v3.5
 
-## v3.5.0 (FUTURE)
+## v3.5-beta1 (2023-03-30)
 
 ### Breaking Changes
 
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 3b162b261..745e04682 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -24,7 +24,7 @@ from netbox.constants import RQ_QUEUE_DEFAULT, RQ_QUEUE_HIGH, RQ_QUEUE_LOW
 # Environment setup
 #
 
-VERSION = '3.5.0-dev'
+VERSION = '3.5-beta1'
 
 # Hostname
 HOSTNAME = platform.node()