diff --git a/apiserver/deploy/base/kustomization.yaml b/apiserver/deploy/base/kustomization.yaml
index 0f1a49666e9..dfc006d6737 100644
--- a/apiserver/deploy/base/kustomization.yaml
+++ b/apiserver/deploy/base/kustomization.yaml
@@ -9,3 +9,8 @@ resources:
 commonLabels:
   app.kubernetes.io/name: kuberay
   app.kubernetes.io/component: kuberay-apiserver
+
+images:
+- name: kuberay/apiserver
+  newName: kuberay/apiserver
+  newTag: v0.3.0-rc.2
diff --git a/helm-chart/kuberay-apiserver/values.yaml b/helm-chart/kuberay-apiserver/values.yaml
index a89d201ad97..48e545a20f3 100644
--- a/helm-chart/kuberay-apiserver/values.yaml
+++ b/helm-chart/kuberay-apiserver/values.yaml
@@ -7,7 +7,7 @@ replicaCount: 1
 name: "kuberay-apiserver"
 image:
   repository: kuberay/apiserver
-  tag: v0.3.0-rc.0
+  tag: v0.3.0-rc.2
   pullPolicy: IfNotPresent
 
 ## Install Default RBAC roles and bindings
diff --git a/helm-chart/kuberay-operator/values.yaml b/helm-chart/kuberay-operator/values.yaml
index d75b15f387d..6045969a7bb 100644
--- a/helm-chart/kuberay-operator/values.yaml
+++ b/helm-chart/kuberay-operator/values.yaml
@@ -6,7 +6,7 @@ replicaCount: 1
 
 image:
   repository: kuberay/operator
-  tag: v0.3.0-rc.1
+  tag: v0.3.0-rc.2
   pullPolicy: IfNotPresent
 
 nameOverride: "kuberay-operator"
diff --git a/manifests/base/kustomization.yaml b/manifests/base/kustomization.yaml
index 1ce6e2418fe..c906ee210e4 100644
--- a/manifests/base/kustomization.yaml
+++ b/manifests/base/kustomization.yaml
@@ -11,8 +11,8 @@ resources:
 images:
 - name: kuberay/apiserver
   newName: kuberay/apiserver
-  newTag: v0.3.0-rc.1
+  newTag: v0.3.0-rc.2
 - name: kuberay/operator
   newName: kuberay/operator
-  newTag: v0.3.0-rc.1
+  newTag: v0.3.0-rc.2
 
diff --git a/ray-operator/config/default/kustomization.yaml b/ray-operator/config/default/kustomization.yaml
index 7df72cd3e94..31d0d570db9 100644
--- a/ray-operator/config/default/kustomization.yaml
+++ b/ray-operator/config/default/kustomization.yaml
@@ -23,5 +23,5 @@ bases:
 images:
 - name: kuberay/operator
   newName: kuberay/operator
-  newTag: nightly
+  newTag: v0.3.0-rc.2