diff --git a/docs/community/release-notes.md b/docs/community/release-notes.md
index 5742e94696..6dff3b45e6 100644
--- a/docs/community/release-notes.md
+++ b/docs/community/release-notes.md
@@ -36,6 +36,18 @@ You can determine your currently installed version using `pip show`:
---
+## 3.16.x series
+
+### 3.16.0
+
+**Date**: 28th March 2024
+
+A maintenance release primarily updating supported Python and Django versions.
+
+* Adds support for Django 5.1 and the upcoming Django 5.2 LTS [#9514](https://github.com/encode/django-rest-framework/issues/9514) [#9634](https://github.com/encode/django-rest-framework/issues/9634)
+* Adds support for Python 3.13. [#9527](https://github.com/encode/django-rest-framework/issues/9527)
+* Drops Python 3.8 as EOL [#9670](https://github.com/encode/django-rest-framework/pull/9670)
+
## 3.15.x series
### 3.15.2
diff --git a/rest_framework/__init__.py b/rest_framework/__init__.py
index e33bfa99d8..692ce9cb17 100644
--- a/rest_framework/__init__.py
+++ b/rest_framework/__init__.py
@@ -8,7 +8,7 @@
"""
__title__ = 'Django REST framework'
-__version__ = '3.15.2'
+__version__ = '3.16.0'
__author__ = 'Tom Christie'
__license__ = 'BSD 3-Clause'
__copyright__ = 'Copyright 2011-2023 Encode OSS Ltd'
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