diff --git a/.github/renovate.json b/.github/renovate.json
deleted file mode 100644
index 3f7cf1598b24..000000000000
--- a/.github/renovate.json
+++ /dev/null
@@ -1,6 +0,0 @@
-{
-  "extends": [
-    "config:base"
-  ],
-  "rangeStrategy": "widen"
-}
diff --git a/.github/renovate.json5 b/.github/renovate.json5
new file mode 100644
index 000000000000..7800b9e058c5
--- /dev/null
+++ b/.github/renovate.json5
@@ -0,0 +1,18 @@
+{
+  "extends": [
+    // Use pre-determined best practices, including some groupings and github action digest pinning - https://docs.renovatebot.com/presets-config/#configbest-practices
+    "config:best-practices",
+    // Create version bump PRs on a monthly basis - https://docs.renovatebot.com/presets-schedule/#schedulemonthly
+    "schedule:monthly",
+  ],
+  // packageRules take precedence (override 'extends' configs)
+  "packageRules": [
+    // Group all patch updates together - there doesn't seem to be an existing preset for this
+    {
+      "matchUpdateTypes": ["patch"],
+      "groupName": "all patch updates"
+    }
+  ],
+  // Increase compatibility with other projects - https://docs.renovatebot.com/modules/manager/gleam/#recommended-rangestrategy-for-apps-and-libraries
+  "rangeStrategy": "widen",
+}