diff --git a/changelogs/upcoming/7602.md b/changelogs/upcoming/7602.md
new file mode 100644
index 00000000000..75265d858cc
--- /dev/null
+++ b/changelogs/upcoming/7602.md
@@ -0,0 +1,4 @@
+**Dependency updates**
+
+- Updated `prop-types` to v15.18.1
+- Removed `prop-types` as a peer depedency, per package recommendation
diff --git a/package.json b/package.json
index 275a2a85fcd..e18bdc05f67 100644
--- a/package.json
+++ b/package.json
@@ -68,7 +68,7 @@
     "lodash": "^4.17.21",
     "mdast-util-to-hast": "^10.2.0",
     "numeral": "^2.0.6",
-    "prop-types": "^15.6.0",
+    "prop-types": "^15.8.1",
     "react-dropzone": "^11.7.1",
     "react-element-to-jsx-string": "^15.0.0",
     "react-focus-on": "^3.9.1",
@@ -212,7 +212,6 @@
     "pre-push": "^0.1.4",
     "prettier": "^2.8.8",
     "process": "^0.11.10",
-    "prop-types": "^15.6.0",
     "raw-loader": "^4.0.1",
     "react": "^18.2.0",
     "react-16": "npm:react@^16.14.0",
@@ -257,7 +256,6 @@
     "@types/react": "^16.9 || ^17.0 || ^18.0",
     "@types/react-dom": "^16.9 || ^17.0 || ^18.0",
     "moment": "^2.13.0",
-    "prop-types": "^15.5.0",
     "react": "^16.12 || ^17.0 || ^18.0",
     "react-dom": "^16.12 || ^17.0 || ^18.0",
     "typescript": "~4.5.3"
diff --git a/src-docs/src/views/guidelines/getting_started/getting_started.js b/src-docs/src/views/guidelines/getting_started/getting_started.js
index 24610fd6717..88c48d5e53f 100644
--- a/src-docs/src/views/guidelines/getting_started/getting_started.js
+++ b/src-docs/src/views/guidelines/getting_started/getting_started.js
@@ -44,7 +44,7 @@ export const GettingStarted = {
           <EuiSpacer />
           <EuiCodeBlock language="bash" isCopyable fontSize="m">
             {
-              'yarn add @elastic/eui @elastic/datemath @emotion/react @emotion/css moment prop-types'
+              'yarn add @elastic/eui @elastic/datemath @emotion/react @emotion/css moment'
             }
           </EuiCodeBlock>
           <EuiSpacer />
diff --git a/wiki/consuming-eui/README.md b/wiki/consuming-eui/README.md
index b2687a2c747..9e0e275a97d 100644
--- a/wiki/consuming-eui/README.md
+++ b/wiki/consuming-eui/README.md
@@ -11,7 +11,7 @@ yarn add @elastic/eui
 Note that EUI has [several `peerDependencies` requirements](../../package.json) that will also need to be installed if starting with a blank project.
 
 ```bash
-yarn add @elastic/eui @elastic/datemath @emotion/react @emotion/css moment prop-types
+yarn add @elastic/eui @elastic/datemath @emotion/react @emotion/css moment
 ```
 
 ## Requirements and dependencies
diff --git a/yarn.lock b/yarn.lock
index 4cadf74f40c..e7e50d2b68c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -17823,7 +17823,7 @@ prop-types-exact@^1.2.0:
     object.assign "^4.1.0"
     reflect.ownkeys "^0.2.0"
 
-prop-types@^15.6.0, prop-types@^15.6.2, prop-types@^15.7.0, prop-types@^15.7.2, prop-types@^15.8.1:
+prop-types@^15.6.2, prop-types@^15.7.0, prop-types@^15.7.2, prop-types@^15.8.1:
   version "15.8.1"
   resolved "https://registry.yarnpkg.com/prop-types/-/prop-types-15.8.1.tgz#67d87bf1a694f48435cf332c24af10214a3140b5"
   integrity sha512-oj87CgZICdulUohogVAR7AjlC0327U4el4L6eAvOqCeudMDVU0NThNaV+b9Df4dXgSP1gXMTnPdhfe/2qDH5cg==