diff --git a/.github/workflows/cargo-package.yml b/.github/workflows/cargo-package.yml
index 94f8be041..9a83385ab 100644
--- a/.github/workflows/cargo-package.yml
+++ b/.github/workflows/cargo-package.yml
@@ -18,10 +18,10 @@ jobs:
       fail-fast: false
       matrix:
         os: [ubuntu-latest, macos-latest]
-        toolchain: [1.73.0]
+        toolchain: [1.74.0]
         include:
           - os: windows-latest
-            toolchain: 1.73.0-x86_64-pc-windows-gnu
+            toolchain: 1.74.0-x86_64-pc-windows-gnu
     runs-on: ${{ matrix.os }}
     steps:
       - uses: actions/checkout@v3
diff --git a/.github/workflows/rust.yml b/.github/workflows/rust.yml
index 54bb0008e..063359ccb 100644
--- a/.github/workflows/rust.yml
+++ b/.github/workflows/rust.yml
@@ -6,10 +6,10 @@ jobs:
       fail-fast: false
       matrix:
         os: [ubuntu-latest, macos-latest]
-        toolchain: [1.73.0]
+        toolchain: [1.74.0]
         include:
           - os: windows-latest
-            toolchain: 1.73.0-x86_64-pc-windows-gnu
+            toolchain: 1.74.0-x86_64-pc-windows-gnu
     runs-on: ${{ matrix.os }}
     steps:
       - uses: actions/checkout@v3
@@ -51,7 +51,7 @@ jobs:
       - uses: actions/checkout@v3
       - uses: dtolnay/rust-toolchain@master
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
           components: rustfmt
       - run: cargo fmt -- --check
 
@@ -60,10 +60,10 @@ jobs:
       fail-fast: false
       matrix:
         os: [ubuntu-latest, macos-latest]
-        toolchain: [1.73.0, 1.70.0]
+        toolchain: [1.74.0, 1.70.0]
         include:
           - os: windows-latest
-            toolchain: 1.73.0-x86_64-pc-windows-gnu
+            toolchain: 1.74.0-x86_64-pc-windows-gnu
           - os: windows-latest
             toolchain: 1.70.0-x86_64-pc-windows-gnu
     runs-on: ${{ matrix.os }}
diff --git a/CI/tools.py b/CI/tools.py
index 358b99a73..530a2d272 100644
--- a/CI/tools.py
+++ b/CI/tools.py
@@ -284,7 +284,7 @@ def install(self):
         ]
 
 
-def install_rust(version='1.73.0', target='x86_64-unknown-linux-gnu'):
+def install_rust(version='1.74.0', target='x86_64-unknown-linux-gnu'):
     rustup_opts = '-y --default-toolchain none'
     cargo_dir = '$HOME/.cargo/bin/'
     rustup = cargo_dir + 'rustup'
@@ -427,7 +427,7 @@ def prefix(p, s):
                     f'/sysroot-{arch}/usr/share/pkgconfig',
                 ))
         if variant in ('coverage', 'asan'):
-            rust_install = install_rust('nightly-2023-05-29', rust_target)
+            rust_install = install_rust('nightly-2023-10-02', rust_target)
         elif rust_version:
             rust_install = install_rust(rust_version, target=rust_target)
         else: