diff --git a/netbox/ipam/api/views.py b/netbox/ipam/api/views.py
index e3dce8b45..ce30ef111 100644
--- a/netbox/ipam/api/views.py
+++ b/netbox/ipam/api/views.py
@@ -1,6 +1,7 @@
 from django.core.exceptions import ObjectDoesNotExist, PermissionDenied
 from django.db import transaction
 from django.db.models import F
+from django.db.models.functions import Round
 from django.shortcuts import get_object_or_404
 from django_pglocks import advisory_lock
 from drf_spectacular.utils import extend_schema
@@ -148,7 +149,7 @@ class FHRPGroupAssignmentViewSet(NetBoxModelViewSet):
 class VLANGroupViewSet(NetBoxModelViewSet):
     queryset = VLANGroup.objects.annotate(
         vlan_count=count_related(VLAN, 'group'),
-        utilization=F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100
+        utilization=Round(F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100, 2)
     ).prefetch_related('tags')
     serializer_class = serializers.VLANGroupSerializer
     filterset_class = filtersets.VLANGroupFilterSet
diff --git a/netbox/ipam/views.py b/netbox/ipam/views.py
index f0365c2ce..a9e9d5872 100644
--- a/netbox/ipam/views.py
+++ b/netbox/ipam/views.py
@@ -1,6 +1,7 @@
 from django.contrib.contenttypes.models import ContentType
 from django.db.models import F, Prefetch
 from django.db.models.expressions import RawSQL
+from django.db.models.functions import Round
 from django.shortcuts import get_object_or_404, redirect, render
 from django.urls import reverse
 from django.utils.translation import gettext as _
@@ -878,7 +879,7 @@ class IPAddressBulkDeleteView(generic.BulkDeleteView):
 class VLANGroupListView(generic.ObjectListView):
     queryset = VLANGroup.objects.annotate(
         vlan_count=count_related(VLAN, 'group'),
-        utilization=F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100
+        utilization=Round(F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100, 2)
     ).prefetch_related('tags')
     filterset = filtersets.VLANGroupFilterSet
     filterset_form = forms.VLANGroupFilterForm
@@ -933,7 +934,7 @@ class VLANGroupBulkImportView(generic.BulkImportView):
 class VLANGroupBulkEditView(generic.BulkEditView):
     queryset = VLANGroup.objects.annotate(
         vlan_count=count_related(VLAN, 'group'),
-        utilization=F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100
+        utilization=Round(F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100, 2)
     ).prefetch_related('tags')
     filterset = filtersets.VLANGroupFilterSet
     table = tables.VLANGroupTable
@@ -943,7 +944,7 @@ class VLANGroupBulkEditView(generic.BulkEditView):
 class VLANGroupBulkDeleteView(generic.BulkDeleteView):
     queryset = VLANGroup.objects.annotate(
         vlan_count=count_related(VLAN, 'group'),
-        utilization=F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100
+        utilization=Round(F('vlan_count') / (F('max_vid') - F('min_vid') + 1.0) * 100, 2)
     ).prefetch_related('tags')
     filterset = filtersets.VLANGroupFilterSet
     table = tables.VLANGroupTable