diff --git a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateDetector.cs b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateDetector.cs
index 6f9e31b8a..b72cdde01 100644
--- a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateDetector.cs
+++ b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateDetector.cs
@@ -21,7 +21,7 @@ public class RustCrateDetector : FileComponentDetector
 
         public override IEnumerable<ComponentType> SupportedComponentTypes => new[] { ComponentType.Cargo };
 
-        public override int Version { get; } = 5;
+        public override int Version { get; } = 6;
 
         public override IEnumerable<string> Categories => new List<string> { "Rust" };
 
diff --git a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateUtilities.cs b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateUtilities.cs
index 68742d7f7..c6396ff64 100644
--- a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateUtilities.cs
+++ b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateUtilities.cs
@@ -321,7 +321,20 @@ public static DependencySpecification GenerateDependencySpecifications(TomlTable
                             return null;
                         }
 
-                        dependencySpecifications.Add(dependency, versionSpecifier);
+                        // If the dependency is renamed, use the actual name of the package:
+                        // https://doc.rust-lang.org/cargo/reference/specifying-dependencies.html#renaming-dependencies-in-cargotoml
+                        string dependencyName;
+                        if (dependencies[dependency].TomlType == TomlObjectType.Table &&
+                        dependencies.Get<TomlTable>(dependency).ContainsKey("package"))
+                        {
+                            dependencyName = dependencies.Get<TomlTable>(dependency).Get<string>("package");
+                        }
+                        else
+                        {
+                            dependencyName = dependency;
+                        }
+
+                        dependencySpecifications.Add(dependencyName, versionSpecifier);
                     }
                 }
             }
diff --git a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateV2Detector.cs b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateV2Detector.cs
index 3fa2d34d1..6a817d04a 100644
--- a/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateV2Detector.cs
+++ b/src/Microsoft.ComponentDetection.Detectors/rust/RustCrateV2Detector.cs
@@ -21,7 +21,7 @@ public class RustCrateV2Detector : FileComponentDetector
 
         public override IEnumerable<ComponentType> SupportedComponentTypes => new[] { ComponentType.Cargo };
 
-        public override int Version { get; } = 4;
+        public override int Version { get; } = 5;
 
         public override IEnumerable<string> Categories => new List<string> { "Rust" };
 
diff --git a/test/Microsoft.ComponentDetection.Detectors.Tests/RustCrateDetectorTests.cs b/test/Microsoft.ComponentDetection.Detectors.Tests/RustCrateDetectorTests.cs
index 832176d8f..252bca2d2 100644
--- a/test/Microsoft.ComponentDetection.Detectors.Tests/RustCrateDetectorTests.cs
+++ b/test/Microsoft.ComponentDetection.Detectors.Tests/RustCrateDetectorTests.cs
@@ -787,6 +787,45 @@ public async Task TestRustDetector_UnequalButSemverCompatibleRoot()
             graph.GetDependenciesForComponent("c-ares 7.5.2 - Cargo").Should().BeEquivalentTo(cAresDependencies);
         }
 
+        [TestMethod]
+        public async Task TestRustDetector_RenamedDependency()
+        {
+            var testTomlString = @"
+[package]
+name = ""my_test_package""
+version = ""1.2.3""
+authors = [""example@example.com>""]
+
+[dependencies]
+foo_dependency = { package = ""my_dependency"", version = ""1.0.0""}
+";
+            var testLockString = @"
+[[package]]
+name = ""my_dependency""
+version = ""1.0.0""
+source = ""registry+https://github.com/rust-lang/crates.io-index""
+";
+            var (result, componentRecorder) = await detectorV2TestUtility
+                                                    .WithFile("Cargo.lock", testLockString)
+                                                    .WithFile("Cargo.toml", testTomlString, new List<string> { "Cargo.toml" })
+                                                    .ExecuteDetector();
+
+            result.ResultCode.Should().Be(ProcessingResultCode.Success);
+
+            var dependencyGraphs = componentRecorder.GetDependencyGraphsByLocation();
+            dependencyGraphs.Count.Should().Be(1);
+
+            var dependencyGraph = dependencyGraphs.Single().Value;
+            var foundComponents = dependencyGraph.GetComponents();
+            foundComponents.Count().Should().Be(1);
+
+            var rootComponents = new List<string>
+            {
+                "my_dependency 1.0.0 - Cargo",
+            };
+            rootComponents.ForEach(rootComponentId => dependencyGraph.IsComponentExplicitlyReferenced(rootComponentId).Should().BeTrue());
+        }
+
         /// <summary>
         /// (my_dependency, 1.0, root)
         /// (my_other_dependency, 0.1.0, root)
diff --git a/test/Microsoft.ComponentDetection.VerificationTests/resources/rust/standard/Cargo.toml b/test/Microsoft.ComponentDetection.VerificationTests/resources/rust/standard/Cargo.toml
index a6a83bd37..a7088109f 100644
--- a/test/Microsoft.ComponentDetection.VerificationTests/resources/rust/standard/Cargo.toml
+++ b/test/Microsoft.ComponentDetection.VerificationTests/resources/rust/standard/Cargo.toml
@@ -10,10 +10,10 @@ path = "main.rs"
 name = "component-detection"
 
 [dependencies]
-serde = "1.0.136"
+renamed_dependency = { package = "serde", version = "1.0.136"}
 
 [dev-dependencies]
 rand = "0.8.4"
 
 [build-dependencies]
-autocfg = "1.0.1"
\ No newline at end of file
+autocfg = "1.0.1"