diff --git a/.github/workflows/chart-version-bump.yml b/.github/workflows/chart-version-bump.yml
new file mode 100644
index 00000000..d09ff045
--- /dev/null
+++ b/.github/workflows/chart-version-bump.yml
@@ -0,0 +1,53 @@
+## Used on Renovate PRs to bump the chart version and add a changelog entry
+## Reference: https://github.com/stefanzweifel/git-auto-commit-action
+## Reference: https://github.com/marketplace/actions/changed-files
+name: 'Chart Version Bump and Changelog'
+
+on:
+  pull_request:
+    types:
+      - labeled
+
+permissions:
+  contents: write
+
+jobs:
+  helm-bumper:
+    if: ${{ (contains(github.event.pull_request.labels.*.name, 'renovate')) }}
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@b4ffde65f46336ab88eb53be808477a3936bae11 # v4.1.1
+        with:
+          fetch-depth: 0
+      - name: Get changed files
+        id: changed-files
+        uses: tj-actions/changed-files@https://github.com/tj-actions/changed-files/commit/1c938490c880156b746568a518594309cfb3f66b # v40.2.1
+        with:
+          files: charts/{argo-workflows,argo-cd,argo-events,argo-rollouts,argocd-image-updater}/Chart.yaml
+      - name: "Bump Version and Changelog"
+        run: |
+          chartName="$(echo \"${{ steps.changed-files.outputs.all_changed_files }}\" | cut -d '/' -f2)"
+          echo "Changed chart name is: $chartName"
+          echo "----------------------------------------"
+
+          parentDir="charts/${chartName}"
+
+          # Bump the chart version by one patch version
+          version=$(grep '^version:' ${parentDir}/Chart.yaml | awk '{print $2}')
+          major=$(echo $version | cut -d. -f1)
+          minor=$(echo $version | cut -d. -f2)
+          patch=$(echo $version | cut -d. -f3)
+          patch=$(expr $patch + 1)
+          sed -i "s/^version:.*/version: ${major}.${minor}.${patch}/g" ${parentDir}/Chart.yaml
+
+          # Add a changelog entry
+          appVersion=$(grep '^appVersion:' ${parentDir}/Chart.yaml | awk '{print $2}')
+          sed -i -e '/^  artifacthub.io\/changes: |/,$d' ${parentDir}/Chart.yaml
+          echo "  artifacthub.io/changes: |" >> ${parentDir}/Chart.yaml
+          echo "    - kind: changed" >> ${parentDir}/Chart.yaml
+          echo "      description: Bump ${chartName} to ${appVersion}" >> ${parentDir}/Chart.yaml
+          cat ${parentDir}/Chart.yaml
+      - name: "Commit and push changes"
+        uses: stefanzweifel/git-auto-commit-action@8756aa072ef5b4a080af5dc8fef36c5d586e521d # v5.0.0
+        with:
+          commit_options: '--signoff'
diff --git a/renovate.json b/renovate.json
new file mode 100644
index 00000000..12c7f3ea
--- /dev/null
+++ b/renovate.json
@@ -0,0 +1,91 @@
+{
+  "$schema": "https://docs.renovatebot.com/renovate-schema.json",
+  "kubernetes": {
+    "fileMatch": ["\\.yaml$", "\\.yml$"]
+  },
+  "extends": [
+    "config:base",
+    "docker:enableMajor"
+  ],
+  "labels": ["renovate"],
+  "includePaths": [
+    "**/charts/argo-workflows/Chart.yaml",
+    "**/charts/argo-cd/Chart.yaml",
+    "**/charts/argo-events/Chart.yaml",
+    "**/charts/argo-rollouts/Chart.yaml",
+    "**/charts/argocd-image-updater/Chart.yaml"
+  ],
+  "regexManagers": [
+    {
+      "fileMatch": ["charts/argo-workflows/Chart.yaml$"],
+      "matchStrings": [
+        "\\sappVersion: (?<currentValue>.*)\\s"
+      ],
+      "versioningTemplate": "{{#if versioning}}{{{versioning}}}{{else}}semver{{/if}}",
+      "depNameTemplate": "argoproj/argo-workflows",
+      "datasourceTemplate": "github-releases"
+    },
+    {
+      "fileMatch": ["charts/argo-cd/Chart.yaml$"],
+      "matchStrings": [
+        "\\sappVersion: (?<currentValue>.*)\\s"
+      ],
+      "versioningTemplate": "{{#if versioning}}{{{versioning}}}{{else}}semver{{/if}}",
+      "depNameTemplate": "argoproj/argo-cd",
+      "datasourceTemplate": "github-releases"
+    },
+    {
+      "fileMatch": ["charts/argo-events/Chart.yaml$"],
+      "matchStrings": [
+        "\\sappVersion: (?<currentValue>.*)\\s"
+      ],
+      "versioningTemplate": "{{#if versioning}}{{{versioning}}}{{else}}semver{{/if}}",
+      "depNameTemplate": "argoproj/argo-events",
+      "datasourceTemplate": "github-releases"
+    },
+    {
+      "fileMatch": ["charts/argo-rollouts/Chart.yaml$"],
+      "matchStrings": [
+        "\\sappVersion: (?<currentValue>.*)\\s"
+      ],
+      "versioningTemplate": "{{#if versioning}}{{{versioning}}}{{else}}semver{{/if}}",
+      "depNameTemplate": "argoproj/argo-rollouts",
+      "datasourceTemplate": "github-releases"
+    },
+    {
+      "fileMatch": ["charts/argocd-image-updater/Chart.yaml$"],
+      "matchStrings": [
+        "\\sappVersion: (?<currentValue>.*)\\s"
+      ],
+      "versioningTemplate": "{{#if versioning}}{{{versioning}}}{{else}}semver{{/if}}",
+      "depNameTemplate": "argoproj-labs/argocd-image-updater",
+      "datasourceTemplate": "github-releases"
+    }
+  ],
+  "packageRules": [
+    {
+      "matchPackagePatterns": ["argoproj/argo-workflows"],
+      "commitMessagePrefix": "chore(argo-workflows):"
+    },
+    {
+      "matchPackagePatterns": ["argoproj/argo-cd"],
+      "commitMessagePrefix": "chore(argo-cd):"
+    },
+    {
+      "matchPackagePatterns": ["argoproj/argo-events"],
+      "commitMessagePrefix": "chore(argo-events):"
+    },
+    {
+      "matchPackagePatterns": ["argoproj/argo-rollouts"],
+      "commitMessagePrefix": "chore(argo-rollouts):"
+    },
+    {
+      "matchPackagePatterns": ["argoproj-labs/argocd-image-updater"],
+      "commitMessagePrefix": "chore(argocd-image-updater):"
+    },
+    {
+      "matchPackagePatterns": ["redis-ha"],
+      "enabled": false
+    }
+  ]
+}