diff --git a/charts/kube-prometheus-stack/Chart.yaml b/charts/kube-prometheus-stack/Chart.yaml
index 51cc1008a956..6fadb2452baa 100644
--- a/charts/kube-prometheus-stack/Chart.yaml
+++ b/charts/kube-prometheus-stack/Chart.yaml
@@ -21,7 +21,7 @@ name: kube-prometheus-stack
 sources:
   - https://github.com/prometheus-community/helm-charts
   - https://github.com/prometheus-operator/kube-prometheus
-version: 48.2.3
+version: 48.3.0
 appVersion: v0.66.0
 kubeVersion: ">=1.16.0-0"
 home: https://github.com/prometheus-operator/kube-prometheus
diff --git a/charts/kube-prometheus-stack/templates/prometheus-operator/deployment.yaml b/charts/kube-prometheus-stack/templates/prometheus-operator/deployment.yaml
index 63bac133de41..2f4b54cff726 100644
--- a/charts/kube-prometheus-stack/templates/prometheus-operator/deployment.yaml
+++ b/charts/kube-prometheus-stack/templates/prometheus-operator/deployment.yaml
@@ -18,6 +18,7 @@ metadata:
 {{- end }}
 spec:
   replicas: 1
+  revisionHistoryLimit: {{ .Values.prometheusOperator.revisionHistoryLimit }}
   selector:
     matchLabels:
       app: {{ template "kube-prometheus-stack.name" . }}-operator
diff --git a/charts/kube-prometheus-stack/values.yaml b/charts/kube-prometheus-stack/values.yaml
index 44f359c148cb..d6c6f96086d0 100644
--- a/charts/kube-prometheus-stack/values.yaml
+++ b/charts/kube-prometheus-stack/values.yaml
@@ -1964,6 +1964,10 @@ prometheus-node-exporter:
 prometheusOperator:
   enabled: true
 
+  ## Number of old replicasets to retain ##
+  ## The default value is 10, 0 will garbage-collect old replicasets ##
+  revisionHistoryLimit: 10
+
   ## Prometheus-Operator v0.39.0 and later support TLS natively.
   ##
   tls: