diff --git a/etc/ironic/ironic.conf.sample b/etc/ironic/ironic.conf.sample
index c71d0e8516..dd31ebdadb 100644
--- a/etc/ironic/ironic.conf.sample
+++ b/etc/ironic/ironic.conf.sample
@@ -1180,6 +1180,10 @@
 # start. (integer value)
 #subprocess_timeout = 10
 
+# IP address of Socat service running on the host of ironic
+# conductor. Used only by Socat console. (IP address value)
+#socat_address = $my_ip
+
 
 [cors]
 
diff --git a/ironic/conf/console.py b/ironic/conf/console.py
index 9a9999664d..2713511132 100644
--- a/ironic/conf/console.py
+++ b/ironic/conf/console.py
@@ -45,6 +45,10 @@ opts = [
                default=10,
                help=_('Time (in seconds) to wait for the console subprocess '
                       'to start.')),
+    cfg.IPOpt('socat_address',
+              default='$my_ip',
+              help=_('IP address of Socat service running on the host of '
+                     'ironic conductor. Used only by Socat console.')),
 ]
 
 
diff --git a/ironic/drivers/modules/console_utils.py b/ironic/drivers/modules/console_utils.py
index 2b41a2f8fc..2967be523d 100644
--- a/ironic/drivers/modules/console_utils.py
+++ b/ironic/drivers/modules/console_utils.py
@@ -251,7 +251,7 @@ def get_socat_console_url(port):
     :param port: the terminal port (integer) for the node
     :return: an access URL to the socat console of the node
     """
-    console_host = CONF.my_ip
+    console_host = CONF.console.socat_address
     if netutils.is_valid_ipv6(console_host):
         console_host = '[%s]' % console_host
 
@@ -289,7 +289,7 @@ def start_socat_console(node_uuid, port, console_cmd):
         args.append('-T%d' % CONF.console.terminal_timeout)
     args.append('-L%s' % pid_file)
 
-    console_host = CONF.my_ip
+    console_host = CONF.console.socat_address
     if netutils.is_valid_ipv6(console_host):
         arg = 'TCP6-LISTEN:%(port)s,bind=[%(host)s],reuseaddr'
     else:
diff --git a/ironic/tests/unit/drivers/modules/test_console_utils.py b/ironic/tests/unit/drivers/modules/test_console_utils.py
index 1282eab0f3..d9f0e67199 100644
--- a/ironic/tests/unit/drivers/modules/test_console_utils.py
+++ b/ironic/tests/unit/drivers/modules/test_console_utils.py
@@ -402,6 +402,11 @@ class ConsoleUtilsTestCase(db_base.DbTestCase):
         url = console_utils.get_socat_console_url(self.info['port'])
         self.assertEqual("tcp://[::1]:%s" % self.info['port'], url)
 
+    def test_get_socat_console_url_tcp_with_address_conf(self):
+        self.config(socat_address="10.0.0.1", group='console')
+        url = console_utils.get_socat_console_url(self.info['port'])
+        self.assertEqual("tcp://10.0.0.1:%s" % self.info['port'], url)
+
     @mock.patch.object(subprocess, 'Popen', autospec=True)
     @mock.patch.object(console_utils, '_get_console_pid_file', autospec=True)
     @mock.patch.object(console_utils, '_ensure_console_pid_dir_exists',
@@ -440,6 +445,18 @@ class ConsoleUtilsTestCase(db_base.DbTestCase):
         args = self._test_start_socat_console_check_arg()
         self.assertNotIn('-T0', args)
 
+    def test_start_socat_console_check_arg_bind_addr_default_ipv4(self):
+        self.config(my_ip='10.0.0.1')
+        args = self._test_start_socat_console_check_arg()
+        self.assertIn('TCP4-LISTEN:%s,bind=10.0.0.1,reuseaddr' %
+                      self.info['port'], args)
+
+    def test_start_socat_console_check_arg_bind_addr_ipv4(self):
+        self.config(socat_address='10.0.0.1', group='console')
+        args = self._test_start_socat_console_check_arg()
+        self.assertIn('TCP4-LISTEN:%s,bind=10.0.0.1,reuseaddr' %
+                      self.info['port'], args)
+
     @mock.patch.object(os.path, 'exists', autospec=True)
     @mock.patch.object(subprocess, 'Popen', autospec=True)
     @mock.patch.object(psutil, 'pid_exists', autospec=True)
diff --git a/releasenotes/notes/socat-address-conf-5cf043fabb10bd76.yaml b/releasenotes/notes/socat-address-conf-5cf043fabb10bd76.yaml
new file mode 100644
index 0000000000..266aecdfa6
--- /dev/null
+++ b/releasenotes/notes/socat-address-conf-5cf043fabb10bd76.yaml
@@ -0,0 +1,7 @@
+---
+features:
+  - |
+    Adds configuration option ``[console]/socat_address`` so
+    that the binding address of socat based console can be
+    configured independently. The option is backward compatible
+    by keeping $my_ip as the default value.