diff --git a/changelog/updates/2023-08-03-rust-1.71.1-update.md b/changelog/updates/2023-08-03-rust-1.71.1-update.md
new file mode 100644
index 0000000000..0691666c85
--- /dev/null
+++ b/changelog/updates/2023-08-03-rust-1.71.1-update.md
@@ -0,0 +1 @@
+- Rust ([1.71.1](https://github.com/rust-lang/rust/releases/tag/1.71.1))
diff --git a/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/Manifest b/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/Manifest
index a0ee133214..b2fdde4e9c 100644
--- a/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/Manifest
+++ b/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/Manifest
@@ -30,5 +30,5 @@ DIST rust-1.70.0-x86_64-unknown-linux-gnu.tar.xz 163456784 BLAKE2B 49a8397a7129a
 DIST rust-1.70.0-x86_64-unknown-linux-gnu.tar.xz.asc 801 BLAKE2B e5fae8b3c87f54b39d922fe0c7694e0ba115ae34a668cc873390fc9e4638baaff5b6d1b4c67228c6bfc57b4da9bf77d6a452ca12bf6653d5610895b8ba19d64d SHA512 352749df741287107b966fd603113c51e82a426a7151e224e3a8d1cc7bd4658ef86147f6fce62caccd7b5779d9961be72cbb618db79a2850e8a8c4b0bc229ad3
 DIST rust-1.70.0-x86_64-unknown-linux-musl.tar.xz 233692884 BLAKE2B 295e815bbee6dc135ad17dd78801999afa7880a7a8f5ad4932a7580f1b03d50b850bcc3eb68e9d679e0a2d68392d446423ea752e47bb22d64823bf3222e0b377 SHA512 5e42224e109d525a321c107005660059ddcb0414392abc660b80fb09a55c936c79215989646be0aff6b0427b2f5d82a2a19ec3bd3235883a2037575808aeb69b
 DIST rust-1.70.0-x86_64-unknown-linux-musl.tar.xz.asc 801 BLAKE2B 7c5be81109607f191f339cfef87c736e2d35d4a045511036ee6e9bd68f22fbaae825ad5c463b0a5bf29606a8b9cf488172d1338aa4d034767b0f59243613c250 SHA512 241863164ee1a0d702080c9967e2ec5bb7af9222236316c8857b89b517fcbdc362b26ff3e362c4be7fd2989d3fd2aad0a0476feacecd2604855dfa53f5f1af27
-DIST rustc-1.71.0-src.tar.xz 151962928 BLAKE2B da8d83cd6621947816630ae487efe7d087266c1352949cedbbd441ba7c7f7c7beb13b9470e66e2f3359c37a050d0e44d22481c418532d3ebb339a456ab092648 SHA512 2c93bafdd248563765a285add48ca77c1e4bad4d5431675ae6a5cdee4cfe7a41e6bcc880a489ca1069a307fd9a005f2d5f8e230dfc95b4a69152b4f9ca49ac44
-DIST rustc-1.71.0-src.tar.xz.asc 801 BLAKE2B e5ddc4b18a6caeeb63c5aed5b5d15989d086f408787d2e603e50e7b8548dc078683062627280fd2a0393bec01c314eb1cc59f9b0e3146abf07b8365a0b44c640 SHA512 cb1b208c8b2bfccf02c73c4246fb238edb0dd10e292c1ef781920964e54e40add3089d988769982c0ce06b719014685b1c37daa2d08b513d86ad73808f4ce3ac
+DIST rustc-1.71.1-src.tar.xz 151983068 BLAKE2B 3dfdbc246feb84a79ae94c2de978c5585ee06cf6b683d2245869b62e28f7c79f89cc589f5431537713bf088236a0b824acefc1b68e418e9eb72e1eea98054e3f SHA512 fd0e5a16bdbeb539184513583089e55f681cb772810df357b6b1464853f7022ac02edab3dd155b2262ed0047e2a25dea3808dd078dcdfce9d399384465009db4
+DIST rustc-1.71.1-src.tar.xz.asc 801 BLAKE2B a88c073a70552d73e2d7695eceabdaa478f34501b7271fabf7f4a09f3efa545181f34353e45776b05918e6aeba88adb02f9731454f7085a7abf1602fc6589983 SHA512 9dd0406cf22f1daa7fcfd015fc1c6f8d36586aa99bf14c1491ee464c1f892ab759feb83e8b55b64713170fb777fdbe038fb5fd01a59c911b6599223baaba0677
diff --git a/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/rust-1.71.0.ebuild b/sdk_container/src/third_party/coreos-overlay/dev-lang/rust/rust-1.71.1.ebuild
similarity index 100%
rename from sdk_container/src/third_party/coreos-overlay/dev-lang/rust/rust-1.71.0.ebuild
rename to sdk_container/src/third_party/coreos-overlay/dev-lang/rust/rust-1.71.1.ebuild
diff --git a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
index 23f5bfa07c..39b3313825 100644
--- a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
+++ b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.accept_keywords
@@ -26,7 +26,7 @@
 =dev-lang/nasm-2.15.05 ~arm64
 
 # Accept unstable host Rust compilers
-=dev-lang/rust-1.71.0 ~amd64 ~arm64
+=dev-lang/rust-1.71.1 ~amd64 ~arm64
 
 # Needed by arm64-native SDK.
 =dev-lang/yasm-1.3.0-r1 ~arm64
@@ -88,4 +88,4 @@
 =sys-power/acpid-2.0.33 ~amd64 ~arm64
 
 # Accept unstable host Rust compilers.
-=virtual/rust-1.71.0 ~amd64 ~arm64
+=virtual/rust-1.71.1 ~amd64 ~arm64
diff --git a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.unmask b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.unmask
index 739c725ec0..6768e727c8 100644
--- a/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.unmask
+++ b/sdk_container/src/third_party/coreos-overlay/profiles/coreos/base/package.unmask
@@ -11,9 +11,8 @@
 
 # Overwrite portage-stable mask. We haven't seen LLVM related problems
 # with rust so far, so keep using 1.70.0.
-~dev-lang/rust-1.71.0
-~dev-lang/rust-1.71.0
-~virtual/rust-1.71.0
+~dev-lang/rust-1.71.1
+~virtual/rust-1.71.1
 
 # portage-stable masked catalyst-3, and has not provided a stable way to
 # update to catalyst-4 so overriding the change for now to use catalyst-3
diff --git a/sdk_container/src/third_party/coreos-overlay/virtual/rust/rust-1.71.0.ebuild b/sdk_container/src/third_party/coreos-overlay/virtual/rust/rust-1.71.1.ebuild
similarity index 100%
rename from sdk_container/src/third_party/coreos-overlay/virtual/rust/rust-1.71.0.ebuild
rename to sdk_container/src/third_party/coreos-overlay/virtual/rust/rust-1.71.1.ebuild