diff --git a/esphome/const.py b/esphome/const.py
index 83b3425e7d..c1b35aafff 100644
--- a/esphome/const.py
+++ b/esphome/const.py
@@ -1,6 +1,6 @@
 """Constants used by esphome."""
 
-__version__ = "2023.5.0b4"
+__version__ = "2023.5.0b5"
 
 ALLOWED_NAME_CHARS = "abcdefghijklmnopqrstuvwxyz0123456789-_"