diff --git a/esphome/components/audio/__init__.py b/esphome/components/audio/__init__.py
index 44371e87ab2..13b379ba3ad 100644
--- a/esphome/components/audio/__init__.py
+++ b/esphome/components/audio/__init__.py
@@ -395,7 +395,7 @@ async def to_code(config):
         )
     if data.mp3_support:
         cg.add_define("USE_AUDIO_MP3_SUPPORT")
-        add_idf_component(name="esphome/micro-mp3", ref="0.2.0")
+        add_idf_component(name="esphome/micro-mp3", ref="0.2.1")
         _emit_memory_pair(
             data.mp3.buffer_memory,
             "CONFIG_MP3_DECODER_PREFER_PSRAM",
diff --git a/esphome/idf_component.yml b/esphome/idf_component.yml
index 49c4cdbb2e2..35c55cbb4de 100644
--- a/esphome/idf_component.yml
+++ b/esphome/idf_component.yml
@@ -10,7 +10,7 @@ dependencies:
   esphome/micro-flac:
     version: 0.2.0
   esphome/micro-mp3:
-    version: 0.2.0
+    version: 0.2.1
   esphome/micro-opus:
     version: 0.4.1
   esphome/micro-wav: