diff --git a/homeassistant/components/monoprice/manifest.json b/homeassistant/components/monoprice/manifest.json
index 85910b0eb9a..338c976534e 100644
--- a/homeassistant/components/monoprice/manifest.json
+++ b/homeassistant/components/monoprice/manifest.json
@@ -2,7 +2,7 @@
   "domain": "monoprice",
   "name": "Monoprice 6-Zone Amplifier",
   "documentation": "https://www.home-assistant.io/integrations/monoprice",
-  "requirements": ["pymonoprice==0.3"],
+  "requirements": ["pymonoprice==0.4"],
   "codeowners": ["@etsinko", "@OnFreund"],
   "config_flow": true,
   "iot_class": "local_polling",
diff --git a/requirements_all.txt b/requirements_all.txt
index bbaed415da6..1f72a73f43d 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1724,7 +1724,7 @@ pymochad==0.2.0
 pymodbus==2.5.3
 
 # homeassistant.components.monoprice
-pymonoprice==0.3
+pymonoprice==0.4
 
 # homeassistant.components.msteams
 pymsteams==0.1.12
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 0c7b4d8a9a6..63061ad9b00 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1216,7 +1216,7 @@ pymochad==0.2.0
 pymodbus==2.5.3
 
 # homeassistant.components.monoprice
-pymonoprice==0.3
+pymonoprice==0.4
 
 # homeassistant.components.myq
 pymyq==3.1.4