diff --git a/api/v1beta1/gcpmachine_types.go b/api/v1beta1/gcpmachine_types.go
index acff1ab33..2e01433d1 100644
--- a/api/v1beta1/gcpmachine_types.go
+++ b/api/v1beta1/gcpmachine_types.go
@@ -360,6 +360,10 @@ type GCPMachineSpec struct {
 	// RootDiskEncryptionKey defines the KMS key to be used to encrypt the root disk.
 	// +optional
 	RootDiskEncryptionKey *CustomerEncryptionKey `json:"rootDiskEncryptionKey,omitempty"`
+
+	// IPAddress is the internal ip address to assign to the machine
+	// +optional
+	IPAddress *string `json:"ipAddress,omitempty"`
 }
 
 // MetadataItem defines a single piece of metadata associated with an instance.
diff --git a/api/v1beta1/zz_generated.deepcopy.go b/api/v1beta1/zz_generated.deepcopy.go
index f4d0d0234..29864eb91 100644
--- a/api/v1beta1/zz_generated.deepcopy.go
+++ b/api/v1beta1/zz_generated.deepcopy.go
@@ -509,6 +509,11 @@ func (in *GCPMachineSpec) DeepCopyInto(out *GCPMachineSpec) {
 		*out = new(CustomerEncryptionKey)
 		(*in).DeepCopyInto(*out)
 	}
+	if in.IPAddress != nil {
+		in, out := &in.IPAddress, &out.IPAddress
+		*out = new(string)
+		**out = **in
+	}
 }
 
 // DeepCopy is an autogenerated deepcopy function, copying the receiver, creating a new GCPMachineSpec.
diff --git a/cloud/scope/machine.go b/cloud/scope/machine.go
index dba2be183..3f14d58bc 100644
--- a/cloud/scope/machine.go
+++ b/cloud/scope/machine.go
@@ -340,6 +340,9 @@ func (m *MachineScope) InstanceNetworkInterfaceSpec() *compute.NetworkInterface
 		networkInterface.Subnetwork = path.Join("projects", m.ClusterGetter.NetworkProject(), "regions", m.ClusterGetter.Region(), "subnetworks", *m.GCPMachine.Spec.Subnet)
 	}
 
+	if m.GCPMachine.Spec.IPAddress != nil {
+		networkInterface.NetworkIP = *m.GCPMachine.Spec.IPAddress
+	}
 	return networkInterface
 }
 
diff --git a/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachines.yaml b/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachines.yaml
index eaecd1067..04abebde6 100644
--- a/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachines.yaml
+++ b/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachines.yaml
@@ -221,6 +221,10 @@ spec:
                 description: 'InstanceType is the type of instance to create. Example:
                   n1.standard-2'
                 type: string
+              ipAddress:
+                description: IPAddress is the internal ip address to assign to the
+                  machine
+                type: string
               ipForwarding:
                 default: Enabled
                 description: |-
diff --git a/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachinetemplates.yaml b/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachinetemplates.yaml
index 1f5d0c7ec..d2d057445 100644
--- a/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachinetemplates.yaml
+++ b/config/crd/bases/infrastructure.cluster.x-k8s.io_gcpmachinetemplates.yaml
@@ -236,6 +236,10 @@ spec:
                         description: 'InstanceType is the type of instance to create.
                           Example: n1.standard-2'
                         type: string
+                      ipAddress:
+                        description: IPAddress is the internal ip address to assign
+                          to the machine
+                        type: string
                       ipForwarding:
                         default: Enabled
                         description: |-