diff --git a/charts/prometheus-memcached-exporter/Chart.yaml b/charts/prometheus-memcached-exporter/Chart.yaml
index 05a7c62205da..c15f25ccf070 100644
--- a/charts/prometheus-memcached-exporter/Chart.yaml
+++ b/charts/prometheus-memcached-exporter/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: prometheus-memcached-exporter
 description: Prometheus exporter for Memcached metrics
 type: application
-version: 0.4.3
+version: 0.5.0
 # renovate: github=prometheus/memcached_exporter
 appVersion: "v0.15.3"
 home: https://github.com/prometheus/memcached_exporter
diff --git a/charts/prometheus-memcached-exporter/templates/servicemonitor.yaml b/charts/prometheus-memcached-exporter/templates/servicemonitor.yaml
index 90abc5c3fd87..24e329a480db 100644
--- a/charts/prometheus-memcached-exporter/templates/servicemonitor.yaml
+++ b/charts/prometheus-memcached-exporter/templates/servicemonitor.yaml
@@ -1,5 +1,5 @@
 {{- if and ( .Capabilities.APIVersions.Has "monitoring.coreos.com/v1" ) ( .Values.serviceMonitor.enabled ) }}
-apiVersion: monitoring.coreos.com/v1
+apiVersion: {{ .Values.serviceMonitor.apiVersion }}
 kind: ServiceMonitor
 metadata:
 {{- if .Values.serviceMonitor.labels }}
diff --git a/charts/prometheus-memcached-exporter/values.yaml b/charts/prometheus-memcached-exporter/values.yaml
index 7dd55d1b1a09..4cd871d1afa4 100644
--- a/charts/prometheus-memcached-exporter/values.yaml
+++ b/charts/prometheus-memcached-exporter/values.yaml
@@ -72,6 +72,7 @@ affinity: {}
 serviceMonitor:
   # When set true then use a ServiceMonitor to configure scraping
   enabled: false
+  apiVersion: "monitoring.coreos.com/v1"
   multipleTarget: false
   targets: []
   # for every targets, url and name must be set,