diff --git a/.github/ISSUE_TEMPLATE/bug_report.md b/.github/ISSUE_TEMPLATE/bug_report.md
index 0b27736ab6b..2f2a05a9786 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.md
+++ b/.github/ISSUE_TEMPLATE/bug_report.md
@@ -35,5 +35,5 @@ Include the output of `rubocop -V` or `bundle exec rubocop -V` if using Bundler.
 
 ```
 $ [bundle exec] rubocop -V
-0.73.0 (using Parser 2.5.1.2, running on ruby 2.5.1 x86_64-linux)
+0.74.0 (using Parser 2.5.1.2, running on ruby 2.5.1 x86_64-linux)
 ```
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0360412bab4..847316398ec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## master (unreleased)
 
+## 0.74.0 (2019-07-31)
+
 ### New features
 
 * [#7219](https://github.com/rubocop-hq/rubocop/issues/7219): Support auto-correct for `Lint/ErbNewArguments`. ([@koic][])
diff --git a/README.md b/README.md
index 8e2a3cafcad..07795272137 100644
--- a/README.md
+++ b/README.md
@@ -52,7 +52,7 @@ haven't reached version 1.0 yet). To prevent an unwanted RuboCop update you
 might want to use a conservative version lock in your `Gemfile`:
 
 ```rb
-gem 'rubocop', '~> 0.73.0', require: false
+gem 'rubocop', '~> 0.74.0', require: false
 ```
 
 ## Quickstart
diff --git a/lib/rubocop/version.rb b/lib/rubocop/version.rb
index 5c82358cbb5..6529d1f6517 100644
--- a/lib/rubocop/version.rb
+++ b/lib/rubocop/version.rb
@@ -3,7 +3,7 @@
 module RuboCop
   # This module holds the RuboCop version information.
   module Version
-    STRING = '0.73.0'
+    STRING = '0.74.0'
 
     MSG = '%<version>s (using Parser %<parser_version>s, running on ' \
           '%<ruby_engine>s %<ruby_version>s %<ruby_platform>s)'
diff --git a/manual/installation.md b/manual/installation.md
index 939e10fd162..294abe7324f 100644
--- a/manual/installation.md
+++ b/manual/installation.md
@@ -16,7 +16,7 @@ haven't reached version 1.0 yet). To prevent an unwanted RuboCop update you
 might want to use a conservative version locking in your `Gemfile`:
 
 ```rb
-gem 'rubocop', '~> 0.73.0', require: false
+gem 'rubocop', '~> 0.74.0', require: false
 ```
 
 !!! Note
diff --git a/relnotes/v0.74.0.md b/relnotes/v0.74.0.md
new file mode 100644
index 00000000000..1b95cc7b1b4
--- /dev/null
+++ b/relnotes/v0.74.0.md
@@ -0,0 +1,26 @@
+### New features
+
+* [#7219](https://github.com/rubocop-hq/rubocop/issues/7219): Support auto-correct for `Lint/ErbNewArguments`. ([@koic][])
+
+### Bug fixes
+
+* [#7217](https://github.com/rubocop-hq/rubocop/pull/7217): Make `Style/TrailingMethodEndStatement` work on more than the first `def`. ([@buehmann][])
+* [#7190](https://github.com/rubocop-hq/rubocop/issues/7190): Support lower case drive letters on Windows. ([@jonas054][])
+* Fix the auto-correction of `Lint/UnneededSplatExpansion` when the splat expansion of `Array.new` with a block is assigned to a variable. ([@rrosenblum][])
+* [#5628](https://github.com/rubocop-hq/rubocop/issues/5628): Fix an error of `Layout/SpaceInsideStringInterpolation` on interpolations with multiple statements. ([@buehmann][])
+* [#7128](https://github.com/rubocop-hq/rubocop/issues/7128): Make `Metrics/LineLength` aware of shebang. ([@koic][])
+* [#6861](https://github.com/rubocop-hq/rubocop/issues/6861): Fix a false positive for `Layout/IndentationWidth` when using `EnforcedStyle: outdent` of `Layout/AccessModifierIndentation`. ([@koic][])
+* [#7235](https://github.com/rubocop-hq/rubocop/issues/7235): Fix an error where `Style/ConditionalAssignment` would swallow a nested `if` condition. ([@buehmann][])
+* [#7242](https://github.com/rubocop-hq/rubocop/issues/7242): Make `Style/ConstantVisibility` work on non-trivial class and module bodies. ([@buehmann][])
+
+### Changes
+
+* [#5265](https://github.com/rubocop-hq/rubocop/issues/5265): Improved `Layout/ExtraSpacing` cop to handle nested consecutive assignments. ([@jfelchner][])
+* [#7215](https://github.com/rubocop-hq/rubocop/issues/7215): Make it clear what's wrong in the message from `Style/GuardClause`. ([@jonas054][])
+* [#7245](https://github.com/rubocop-hq/rubocop/pull/7245): Make cops detect string interpolations in more contexts: inside of backticks, regular expressions, and symbols. ([@buehmann][])
+
+[@koic]: https://github.com/koic
+[@buehmann]: https://github.com/buehmann
+[@jonas054]: https://github.com/jonas054
+[@rrosenblum]: https://github.com/rrosenblum
+[@jfelchner]: https://github.com/jfelchner