diff --git a/elements/undercloud-install/os-apply-config/root/stackrc b/elements/undercloud-install/os-apply-config/root/stackrc
index 25a5e2ca8..76a8ffb7d 100644
--- a/elements/undercloud-install/os-apply-config/root/stackrc
+++ b/elements/undercloud-install/os-apply-config/root/stackrc
@@ -19,8 +19,8 @@ export OS_AUTH_URL
 OS_USERNAME=admin
 OS_PROJECT_NAME=admin
 COMPUTE_API_VERSION=1.1
-# 1.29 is the latest API version in Ironic Ocata supported by ironicclient
-IRONIC_API_VERSION=1.29
+# 1.34 is the latest API version in Ironic Pike supported by ironicclient
+IRONIC_API_VERSION=1.34
 OS_BAREMETAL_API_VERSION=$IRONIC_API_VERSION
 OS_NO_CACHE=True
 OS_CLOUDNAME=undercloud
diff --git a/releasenotes/notes/ironic-api-version-pike-4264d815385cba7a.yaml b/releasenotes/notes/ironic-api-version-pike-4264d815385cba7a.yaml
new file mode 100644
index 000000000..f0ed278dd
--- /dev/null
+++ b/releasenotes/notes/ironic-api-version-pike-4264d815385cba7a.yaml
@@ -0,0 +1,5 @@
+---
+upgrade:
+  - |
+    The default bare metal API version used by the undercloud was bumped
+    to 1.34, which is latest API version supported by Pike ironicclient.